Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: KuCoin against BingX0.000%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$597as in the Funding arb table

Net, price: spread back to 7d avg − costs−$597as in the Price arb table

costs, in and out, $10k−$6016.008% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now 0.000%, 7d avg −0.039%

Together, before fees−0.010%−$1 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 0.039% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZKP-USDT	0.04975	0.0100	pay 0.0050% / 4h	3h 36m	—	$6.6M	—
Short	KuCoin ZKPUSDTM	0.04975	0.0100	get 0.0050% / 4h	3h 36m	$582K	$538K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.039%: $3.87
Slippage, 4 orders: −$578.81
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$596.94
Costs to cover: 6.008%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 16 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 BingX live order book, 10 min ago	4.01 bp	23.8 bp −$24	90.6 bp −$906	doesn't fit	doesn't fit
Sell KuCoin live order book, 16 min ago	12.06 bp	282.4 bp −$282	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
Binance ZKPUSDT	+0.0100%	4h	0.04983	+0.161%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04971	−0.080%	$1.2M	$973K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04980	+0.101%	$331K	$553K	20x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04980	+0.101%	$1.2M	$188K	20x	as long as short
KuCoin ZKPUSDTMshort	+0.0100%	4h	0.04975	0.000%	$582K	$538K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.04982	+0.141%	$294K	$258K	20x	as long as short
BingX ZKP-USDTlong	+0.0100%	4h	0.04975	long leg	—	$6.6M	—
BloFin ZKP-USDT	+0.0144%	4h	0.04975	0.000%	$221K	$37K	40x	as long as short
Gate ZKP_USDT	+0.0218%	4h	0.04974	−0.020%	$332K	$180K	25x	as long as short
Aster ZKPUSDT	+0.0276%	4h	0.04974	−0.018%	$24K	$80K	5x	as long as short