ZKP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1248%/8h= −136.7% APRnext payment −$6.24 per $10,000 · paid last 24h −0.092%

Price spread now: KuCoin against Gate−0.020%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,061as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,009as in the Price arb table

costs, in and out, $10k−$1,01210.119% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.492%−$49 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.020%, 7d avg −0.047%

Together, before fees−0.555%−$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.026% dearer against Gate than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.047%): +$3 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.492% in total) that is about 9 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.492% in total (about -25.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZKP_USDT	0.04990	0.1348	pay 0.0674% / 4h	3h 57m	$330K	$178K	25x
Short	KuCoin ZKPUSDTM	0.04989	0.0100	get 0.0050% / 4h	3h 57m	$585K	$542K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$262.08
Price spread: −0.020% → −0.047%: $2.65
Slippage, 4 orders: −$984.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,271.3
Costs to cover: 10.119%
Break-even: never at this rate

Slippage from Gate: live order book, 13 min ago; KuCoin: live order book, 66 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 Gate live order book, 13 min ago	12.05 bp	182.6 bp −$183	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 66 min ago	5.04 bp	577.9 bp −$578	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	+0.0045%	4h	0.04991	+0.020%	$222K	$37K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04997	+0.140%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04986	−0.080%	$1.2M	$979K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04994	+0.080%	$332K	$552K	20x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04999	+0.180%	$1.2M	$183K	20x	as long as short
KuCoin ZKPUSDTMshort	+0.0100%	4h	0.04989	−0.020%	$585K	$542K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.05000	+0.200%	$298K	$258K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04993	+0.060%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0230%	4h	0.04991	+0.013%	$24K	$80K	5x	as long as short
Gate ZKP_USDTlong	+0.1348%	4h	0.04990	long leg	$330K	$178K	25x