Settings8H · net · $10k
Funding arb · Price arb /

ZK

all ZK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against BingX+0.068%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$750.751% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.031%−$3 on $10k
Price spread, last 7 days−0.061%−$6 · spread now +0.068%, 7d avg +0.001%
Together, before fees−0.092%−$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: Binance is 0.067% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZK-USDT0.011800.0100pay 0.0050% / 4h3h 55m$6.7M
ShortBinance ZKUSDT0.011810.0100get 0.0050% / 4h3h 55m$4.8M$9.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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

Funding earned
$0
Price spread: +0.068% → +0.001%
$6.68
Slippage, 4 orders
−$55.05
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$68.37
Costs to cover
0.751%
Break-even
never at this rate
Slippage from BingX: live order book, 2 min ago; Binance: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 2 min ago3.80 bp20.5 bp −$2150.0 bp −$500384.7 bp −$38.5K685.5 bp −$342.7K
Sell Binance live order book, 14 min ago1.70 bp16.3 bp −$1653.7 bp −$537doesn't fitdoesn't fit

ZK on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZK-USDT-SWAP−0.0074%4h0.01180−0.008%$1.0M$2.4M20xas long as short
Injective ZK/USDC PERP+0.0033%1h0.01170−0.864%$2K$31K5.5xas long as short
BloFin ZK-USDT+0.0063%4h0.01184+0.297%$214K$24K75xas long as short
Lighter ZK+0.0096%1h0.01184+0.339%$132K$172K8xas long as short
Hyperliquid ZK+0.0100%1h0.01182+0.153%$600K$238K5xas long as short
Aster ZKUSDT+0.0100%4h0.01182+0.117%$37K$19K10xas long as short
Pacifica ZK+0.0100%1h0.01182+0.119%$30K$3K5xas long as short
Binance ZKUSDTshort+0.0100%4h0.01181+0.068%$4.8M$9.8M75x
Bybit ZKUSDT+0.0100%4h0.01180+0.017%$5.0M$2.7M25xas long as short
Gate ZK_USDT+0.0100%8h0.01181+0.068%$330K$238K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZKUSDTM+0.0100%4h0.01180−0.017%$991K$1.1M50xas long as short
Bitget ZKUSDT+0.0100%4h0.01180−0.017%$1.5M$867K75xas long as short
BingX ZK-USDTlong+0.0100%4h0.01180long leg$6.7M
Variational Omni ZK+0.0100%4h0.01183+0.279%$58K$15Kas long as short
GRVT ZK_USDT_Perp+0.0100%4h0.01184+0.310%$163K$2.8M10xas long as short
ApeX Omni ZKUSDT+0.0100%1h0.01183+0.237%$9K$627K50xas long as short
Kraken Futures PF_ZKUSD+0.1355%1h0.01185+0.433%$195K$44K25xas long as short