Funding arb · Price arb /

ZK

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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: KuCoin against Binance−0.059%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$268as in the Funding arb table

Net, price: spread back to 7d avg − costs−$279as in the Price arb table

costs, in and out, $10k−$2672.672% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days+0.207%+$21 · spread now −0.059%, 7d avg +0.061%

Together, before fees+0.196%+$20 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 0.120% cheaper against Binance than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKUSDT	0.01191	0.0100	pay 0.0050% / 4h	51m 35s	$4.9M	$8.0M	75x
Short	KuCoin ZKUSDTM	0.01190	0.0100	get 0.0050% / 4h	51m 35s	$969K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → +0.061%: −$11.98
Slippage, 4 orders: −$245.23
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$279.21
Costs to cover: 2.672%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; KuCoin: live order book, 4 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 Binance live order book, 2 min ago	0.84 bp	20.9 bp −$21	88.0 bp −$880	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	12.64 bp	104.2 bp −$104	252.0 bp −$2,520	doesn't fit	doesn't fit

ZK on 17 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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.739%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0048%	4h	0.01191	+0.034%	$214K	$19K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01192	+0.092%	$127K	$196K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01192	+0.092%	$591K	$165K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01191	+0.052%	$32K	$23K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01191	+0.008%	$29K	$3K	5x	as long as short
Binance ZKUSDTlong	+0.0100%	4h	0.01191	long leg	$4.9M	$8.0M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01190	−0.025%	$5.2M	$2.4M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01190	−0.034%	$1.0M	$2.1M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01190	−0.059%	$303K	$259K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTMshort	+0.0100%	4h	0.01190	−0.059%	$969K	$1.6M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01190	−0.059%	$1.4M	$899K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01190	−0.084%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01181	−0.829%	$57K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01190	−0.058%	$165K	$2.2M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01191	+0.025%	$8K	$626K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.2701%	1h	0.01193	+0.152%	$208K	$46K	25x	as long as short