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 Bitget−0.179%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$572as in the Funding arb table

Net, price: spread back to 7d avg − costs−$584as in the Price arb table

costs, in and out, $10k−$5725.715% of the position

Long on Bitget 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)+0.104%+$10 · spread now −0.179%, 7d avg −0.059%

Together, before fees+0.104%+$10 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 0.120% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKPUSDT	0.05036	0.0100	pay 0.0050% / 4h	1h 06m	$311K	$272K	20x
Short	KuCoin ZKPUSDTM	0.05027	0.0100	get 0.0050% / 4h	1h 06m	$585K	$493K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.179%Rate

Funding earned: $0
Price spread: −0.179% → −0.059%: −$12.02
Slippage, 4 orders: −$547.54
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$583.55
Costs to cover: 5.715%
Break-even: never at this rate

Slippage from Bitget: live order book, 29 min ago; KuCoin: live order book, 38 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 Bitget live order book, 29 min ago	4.01 bp	34.5 bp −$35	422.2 bp −$4,222	doesn't fit	doesn't fit
Sell KuCoin live order book, 38 min ago	11.97 bp	244.7 bp −$245	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
BloFin ZKP-USDT	+0.0057%	4h	0.05022	−0.278%	$214K	$48K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05036	−0.002%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.05025	−0.218%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05034	−0.040%	$315K	$584K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05017	−0.377%	$319K	$190K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05035	−0.020%	$1.2M	$212K	20x	as long as short
KuCoin ZKPUSDTMshort	+0.0100%	4h	0.05027	−0.179%	$585K	$493K	20x
Bitget ZKPUSDTlong	+0.0100%	4h	0.05036	long leg	$311K	$272K	20x
BingX ZKP-USDT	+0.0100%	4h	0.05028	−0.159%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0301%	4h	0.05019	−0.332%	$27K	$84K	5x	as long as short