ZKP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.07 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BloFin−0.200%7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$590as in the Funding arb table

Net, price: spread back to 7d avg − costs−$601as in the Price arb table

costs, in and out, $10k−$5925.917% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.200%, 7d avg −0.111%

Together, before fees+0.065%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and KuCoin is 0.089% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.111%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZKP-USDT	0.04988	0.0115	pay 0.0057% / 4h	3h 29m	$222K	$41K	40x
Short	KuCoin ZKPUSDTM	0.04978	0.0100	get 0.0050% / 4h	3h 29m	$582K	$538K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now −0.200%Rate

Funding earned: −$3.07
Price spread: −0.200% → −0.111%: −$8.94
Slippage, 4 orders: −$567.66
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$603.67
Costs to cover: 5.917%
Break-even: never at this rate

Slippage from BloFin: live order book, 36 min ago; KuCoin: live order book, 24 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 BloFin live order book, 36 min ago	1.00 bp	14.4 bp −$14	95.6 bp −$956	doesn't fit	doesn't fit
Sell KuCoin live order book, 24 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	0.04980	−0.160%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04971	−0.341%	$1.2M	$969K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04980	−0.160%	$331K	$553K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04973	−0.301%	$332K	$180K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04981	−0.140%	$1.2M	$190K	20x	as long as short
KuCoin ZKPUSDTMshort	+0.0100%	4h	0.04978	−0.200%	$582K	$538K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.04980	−0.160%	$294K	$258K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04976	−0.241%	—	$6.6M	—	as long as short
BloFin ZKP-USDTlong	+0.0115%	4h	0.04988	long leg	$222K	$41K	40x
Aster ZKPUSDT	+0.0285%	4h	0.04976	−0.247%	$24K	$80K	5x	as long as short