Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

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

Long on BingX Short on Binance

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%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZK-USDT	0.01180	0.0100	pay 0.0050% / 4h	3h 55m	—	$6.7M	—
Short	Binance ZKUSDT	0.01181	0.0100	get 0.0050% / 4h	3h 55m	$4.8M	$9.8M	75x

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

Position, each leg$Hold fordaysFee BingXbpFee BinancebpOrdersPrice spread, now +0.068%Rate

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 2 min ago	3.80 bp	20.5 bp −$21	50.0 bp −$500	384.7 bp −$38.5K	685.5 bp −$342.7K
Sell Binance live order book, 14 min ago	1.70 bp	16.3 bp −$16	53.7 bp −$537	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
OKX ZK-USDT-SWAP	−0.0074%	4h	0.01180	−0.008%	$1.0M	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.864%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0063%	4h	0.01184	+0.297%	$214K	$24K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01184	+0.339%	$132K	$172K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01182	+0.153%	$600K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01182	+0.117%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01182	+0.119%	$30K	$3K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01181	+0.068%	$4.8M	$9.8M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01180	+0.017%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01181	+0.068%	$330K	$238K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01180	−0.017%	$991K	$1.1M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01180	−0.017%	$1.5M	$867K	75x	as long as short
BingX ZK-USDTlong	+0.0100%	4h	0.01180	long leg	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01183	+0.279%	$58K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01184	+0.310%	$163K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01183	+0.237%	$9K	$627K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1355%	1h	0.01185	+0.433%	$195K	$44K	25x	as long as short