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 +0.003%

Price spread now: KuCoin against Bybit−0.077%7-day average +0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs−$311as in the Price arb table

costs, in and out, $10k−$2922.923% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 7 days+0.213%+$21 · spread now −0.077%, 7d avg +0.107%

Together, before fees+0.259%+$26 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 0.184% cheaper against Bybit than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKUSDT	0.01176	0.0100	pay 0.0050% / 4h	1h 01m	$5.1M	$2.5M	25x
Short	KuCoin ZKUSDTM	0.01175	0.0100	get 0.0050% / 4h	1h 01m	$977K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → +0.107%: −$18.39
Slippage, 4 orders: −$269.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$310.64
Costs to cover: 2.923%
Break-even: never at this rate

Slippage from Bybit: 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 Bybit live order book, 2 min ago	5.54 bp	28.5 bp −$28	120.9 bp −$1,209	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	8.49 bp	121.2 bp −$121	222.2 bp −$2,222	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	+0.0001%	4h	0.01175	−0.077%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.502%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0042%	4h	0.01176	−0.009%	$218K	$20K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01178	+0.179%	$136K	$182K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01178	+0.179%	$586K	$221K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01176	+0.015%	$31K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01176	+0.009%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01176	+0.033%	$4.9M	$8.6M	75x	as long as short
Bybit ZKUSDTlong	+0.0100%	4h	0.01176	long leg	$5.1M	$2.5M	25x
Gate ZK_USDT	+0.0100%	8h	0.01176	+0.009%	$330K	$239K	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	0.01175	−0.077%	$977K	$1.3M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01175	−0.077%	$1.5M	$859K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01175	−0.051%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01175	−0.080%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01177	+0.060%	$156K	$2.4M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01175	−0.077%	$8K	$620K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1594%	1h	0.01180	+0.383%	$194K	$39K	25x	as long as short