Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance−0.180%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$588as in the Funding arb table

Net, price: spread back to 7d avg − costs−$599as in the Price arb table

costs, in and out, $10k−$5885.878% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.180%, 7d avg −0.069%

Together, before fees+0.090%+$9 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: KuCoin is 0.110% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKPUSDT	0.05010	0.0100	pay 0.0050% / 4h	2h 51m	$2.7M	$2.9M	40x
Short	KuCoin ZKPUSDTM	0.05001	0.0100	get 0.0050% / 4h	2h 51m	$580K	$502K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.180%Rate

Funding earned: $0
Price spread: −0.180% → −0.069%: −$11.03
Slippage, 4 orders: −$565.77
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$598.8
Costs to cover: 5.878%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; KuCoin: live order book, 7 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 Binance live order book, 14 min ago	1.00 bp	25.9 bp −$26	334.0 bp −$3,340	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	11.04 bp	269.5 bp −$270	doesn't fit	doesn't fit	doesn't fit

ZKP on 10 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
Aster ZKPUSDT	+0.0100%	4h	0.04999	−0.218%	$27K	$83K	5x	as long as short
Binance ZKPUSDTlong	+0.0100%	4h	0.05010	long leg	$2.7M	$2.9M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.04999	−0.220%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05009	−0.020%	$320K	$564K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04996	−0.279%	$317K	$177K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05010	0.000%	$1.2M	$207K	20x	as long as short
KuCoin ZKPUSDTMshort	+0.0100%	4h	0.05001	−0.180%	$580K	$502K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.05007	−0.060%	$308K	$278K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05003	−0.140%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0136%	4h	0.05001	−0.180%	$221K	$46K	40x	as long as short