ZKP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.94 per $10,000 · paid last 24h +0.080%

Price spread now: Gate against KuCoin+0.101%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$721as in the Funding arb table

Net, price: spread back to 7d avg − costs−$765as in the Price arb table

costs, in and out, $10k−$7717.709% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.498%+$50 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.101%, 7d avg +0.045%

Together, before fees+0.468%+$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.056% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKPUSDTM	0.04972	0.0100	pay 0.0050% / 4h	3h 38m	$583K	$539K	20x
Short	Gate ZKP_USDT	0.04977	0.0288	get 0.0144% / 4h	3h 38m	$332K	$180K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.101%Rate

Funding earned: $39.48
Price spread: +0.101% → +0.045%: $5.58
Slippage, 4 orders: −$743.87
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$725.81
Costs to cover: 7.709%
Break-even: 135.7 days

Slippage from KuCoin: live order book, 15 min ago; Gate: live order book, 32 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, 15 min ago	12.06 bp	266.3 bp −$266	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 32 min ago	12.05 bp	39.5 bp −$40	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	+0.0041%	4h	0.04975	+0.060%	$221K	$37K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04975	+0.059%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04968	−0.080%	$1.2M	$973K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04976	+0.080%	$331K	$553K	20x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04976	+0.080%	$1.2M	$188K	20x	as long as short
KuCoin ZKPUSDTMlong	+0.0100%	4h	0.04972	long leg	$583K	$539K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.04974	+0.040%	$294K	$258K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04973	+0.020%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0287%	4h	0.04974	+0.042%	$24K	$80K	5x	as long as short
Gate ZKP_USDTshort	+0.0288%	4h	0.04977	+0.101%	$332K	$180K	25x