Funding arb · Price arb /

ZKP

all ZKP markets

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 +0.004%

Price spread now: KuCoin against Bybit+0.139%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,173as in the Price arb table

costs, in and out, $10k−$1,18411.842% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.424%−$42 · spread now +0.139%, 7d avg +0.022%

Together, before fees−0.420%−$42 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 0.117% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKPUSDT	0.05043	0.0100	pay 0.0050% / 4h	2h 58m	$1.2M	$1.0M	25x
Short	KuCoin ZKPUSDTM	0.05050	0.0100	get 0.0050% / 4h	2h 58m	$594K	$473K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.022%: $11.68
Slippage, 4 orders: −$1,161.21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,172.53
Costs to cover: 11.842%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 25 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 Bybit live order book, 2 min ago	4.96 bp	72.2 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 25 min ago	14.91 bp	268.9 bp −$269	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	+0.0055%	4h	0.05048	+0.099%	$213K	$49K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05053	+0.198%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDTlong	+0.0100%	4h	0.05043	long leg	$1.2M	$1.0M	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05047	+0.079%	$315K	$580K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05049	+0.119%	$320K	$168K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05053	+0.198%	$1.2M	$211K	20x	as long as short
KuCoin ZKPUSDTMshort	+0.0100%	4h	0.05050	+0.139%	$594K	$473K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.05054	+0.218%	$324K	$286K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05052	+0.178%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0322%	4h	0.05051	+0.159%	$27K	$78K	5x	as long as short