Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against KuCoin+0.180%95s7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$594as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$5925.917% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.180%, 7d avg +0.111%
=The price spread pays, funding is against you. BloFin is 0.069% dearer against KuCoin than usual: you sell high and buy low (spread +0.180% now, against its 7-day average of +0.111%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.8 days. At the pace of the last 7 days (−0.021% in total) that is about 23 days. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZKPUSDTM | 0.04989 | 0.0100 | pay 0.0050% / 4h | 3h 05m | $584K | $535K | 20x |
| Short | BloFin ZKP-USDT | 0.04998 | 0.0070 | get 0.0035% / 4h | 3h 05m | $218K | $41K | 40x |
KuCoin ZKPUSDTM
BloFin ZKP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.25
- Price spread: +0.180% → +0.111%
- $6.94
- Slippage, 4 orders
- −$567.66
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$590.98
- Costs to cover
- 5.917%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 47 min ago; BloFin: live order book, 60 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, 47 min ago | 12.06 bp | 266.3 bp −$266 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 60 min ago | 1.00 bp | 28.5 bp −$28 | 83.6 bp −$836 | 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-USDTshort | +0.0070% | 4h | 0.04998 | +0.180% | $218K | $41K | 40x | |
| Binance ZKPUSDT | +0.0100% | 4h | 0.04994 | +0.100% | $2.7M | $2.7M | 40x | as long as short |
| Bybit ZKPUSDT | +0.0100% | 4h | 0.04989 | 0.000% | $1.2M | $967K | 25x | as long as short |
| OKX ZKP-USDT-SWAP | +0.0100% | 4h | 0.04996 | +0.140% | $332K | $554K | 20x | as long as short |
| MEXC ZKP_USDT | +0.0100% | 4h | 0.04994 | +0.100% | $1.2M | $192K | 20x | as long as short |
| KuCoin ZKPUSDTMlong | +0.0100% | 4h | 0.04989 | long leg | $584K | $535K | 20x | |
| Bitget ZKPUSDT | +0.0100% | 4h | 0.04990 | +0.020% | $294K | $258K | 20x | as long as short |
| BingX ZKP-USDT | +0.0100% | 4h | 0.04994 | +0.100% | — | $6.6M | — | as long as short |
| Gate ZKP_USDT | +0.0186% | 4h | 0.04989 | 0.000% | $333K | $180K | 25x | as long as short |
| Aster ZKPUSDT | +0.0398% | 4h | 0.04990 | +0.024% | $24K | $80K | 5x | as long as short |
Binance ZKPUSDT
Bybit ZKPUSDT
OKX ZKP-USDT-SWAP
MEXC ZKP_USDT
Bitget ZKPUSDT
BingX ZKP-USDT
Gate ZKP_USDT
Aster ZKPUSDT