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 Bitget−0.085%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2002.001% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days+0.102%+$10 · spread now −0.085%, 7d avg +0.021%

Together, before fees+0.066%+$7 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 0.106% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKUSDT	0.01183	0.0100	pay 0.0050% / 4h	1h 27m	$1.4M	$889K	75x
Short	KuCoin ZKUSDTM	0.01182	0.0100	get 0.0050% / 4h	1h 27m	$971K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → +0.021%: −$10.56
Slippage, 4 orders: −$176.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$210.67
Costs to cover: 2.001%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 9 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 Bitget live order book, 5 min ago	4.25 bp	22.4 bp −$22	63.8 bp −$638	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	8.50 bp	72.8 bp −$73	165.2 bp −$1,652	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	+0.0032%	4h	0.01181	−0.135%	$1.0M	$2.1M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.099%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01183	−0.034%	$131K	$197K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01182	−0.051%	$587K	$175K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01182	−0.090%	$32K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01180	−0.254%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01182	−0.068%	$4.9M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01182	−0.118%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01179	−0.338%	$301K	$260K	50x	as long as short
KuCoin ZKUSDTMshort	+0.0100%	4h	0.01182	−0.085%	$971K	$1.6M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDTlong	+0.0100%	4h	0.01183	long leg	$1.4M	$889K	75x
BingX ZK-USDT	+0.0100%	4h	0.01180	−0.211%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01177	−0.474%	$57K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01178	−0.423%	$163K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01180	−0.254%	$8K	$629K	50x	as long as short
BloFin ZK-USDT	+0.0142%	4h	0.01179	−0.321%	$213K	$19K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1634%	1h	0.01185	+0.145%	$202K	$41K	25x	as long as short