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: Bitget against KuCoin0.000%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$600as in the Funding arb table

Net, price: spread back to 7d avg − costs−$606as in the Price arb table

costs, in and out, $10k−$6005.997% of the position

Long on KuCoin Short on Bitget

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)+0.093%+$9 · spread now 0.000%, 7d avg +0.058%

Together, before fees+0.093%+$9 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: Bitget is 0.058% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKPUSDTM	0.04985	0.0100	pay 0.0050% / 4h	2h 14m	$578K	$501K	20x
Short	Bitget ZKPUSDT	0.04985	0.0100	get 0.0050% / 4h	2h 14m	$301K	$278K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.058%: −$5.83
Slippage, 4 orders: −$575.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$605.57
Costs to cover: 5.997%
Break-even: never at this rate

Slippage from KuCoin: live order book, 44 min ago; Bitget: 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 KuCoin live order book, 44 min ago	11.04 bp	257.6 bp −$258	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 25 min ago	6.05 bp	31.7 bp −$32	244.4 bp −$2,444	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	+0.0086%	4h	0.04982	−0.060%	$208K	$47K	40x	as long as short
Aster ZKPUSDT	+0.0100%	4h	0.04993	+0.160%	$26K	$83K	5x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04992	+0.140%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04982	−0.060%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04992	+0.140%	$317K	$574K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04973	−0.241%	$314K	$181K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04992	+0.140%	$1.2M	$210K	20x	as long as short
KuCoin ZKPUSDTMlong	+0.0100%	4h	0.04985	long leg	$578K	$501K	20x
Bitget ZKPUSDTshort	+0.0100%	4h	0.04985	0.000%	$301K	$278K	20x
BingX ZKP-USDT	+0.0100%	4h	0.04993	+0.160%	—	$6.6M	—	as long as short