Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: OKX against KuCoin+0.017%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$253as in the Funding arb table

Net, price: spread back to 7d avg − costs−$246as in the Price arb table

costs, in and out, $10k−$2532.529% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 7 days−0.147%−$15 · spread now +0.017%, 7d avg −0.054%

Together, before fees−0.152%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.071% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKUSDTM	0.01198	0.0100	pay 0.0050% / 4h	3h 33m	$968K	$1.7M	50x
Short	OKX ZK-USDT-SWAP	0.01198	0.0100	get 0.0050% / 4h	3h 33m	$1.0M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee OKXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → −0.054%: $7.06
Slippage, 4 orders: −$230.87
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$245.81
Costs to cover: 2.529%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 3 min ago	12.51 bp	115.6 bp −$116	216.8 bp −$2,168	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.92 bp	26.4 bp −$26	doesn't fit	doesn't fit	doesn't fit

ZK on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−2.337%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01201	+0.234%	$128K	$186K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01200	+0.175%	$597K	$168K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01201	+0.238%	$33K	$23K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01200	+0.167%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01199	+0.073%	$4.9M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01198	−0.008%	$5.1M	$2.5M	25x	as long as short
OKX ZK-USDT-SWAPshort	+0.0100%	4h	0.01198	+0.017%	$1.0M	$2.2M	20x
Gate ZK_USDT	+0.0100%	8h	0.01199	+0.083%	$304K	$261K	50x	as long as short
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01198	long leg	$968K	$1.7M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01200	+0.167%	$1.5M	$913K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01198	+0.008%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01200	+0.146%	$58K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01203	+0.417%	$161K	$2.1M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01204	+0.501%	$8K	$631K	50x	as long as short
BloFin ZK-USDT	+0.0132%	4h	0.01200	+0.184%	$216K	$20K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.3520%	1h	0.01211	+1.073%	$211K	$47K	25x	as long as short