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% APRpaid last 24h 0.000%

Price spread now: Bitget against Gate+0.084%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1061.064% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.084%, 7d avg +0.034%

Together, before fees−0.084%−$8 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: Bitget is 0.050% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZK_USDT	0.01185	0.0100	pay 0.0100% / 8h	3h 54m	$326K	$240K	50x
Short	Bitget ZKUSDT	0.01186	0.0100	get 0.0050% / 4h	3h 54m	$1.5M	$844K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.034%: $5.04
Slippage, 4 orders: −$79.37
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$101.33
Costs to cover: 1.064%
Break-even: never at this rate

Slippage from Gate: live order book, 61 min ago; Bitget: live order book, 3 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 Gate live order book, 61 min ago	4.21 bp	36.6 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	8.45 bp	18.1 bp −$18	54.6 bp −$546	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	0.01184	−0.076%	$1.0M	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.266%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0081%	4h	0.01183	−0.211%	$217K	$21K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01187	+0.143%	$136K	$181K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01186	+0.051%	$591K	$187K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01186	+0.086%	$32K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01187	+0.169%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01185	−0.017%	$4.9M	$8.3M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01184	−0.093%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDTlong	+0.0100%	8h	0.01185	long leg	$326K	$240K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01184	−0.084%	$981K	$1.4M	50x	as long as short
Bitget ZKUSDTshort	+0.0100%	4h	0.01186	+0.084%	$1.5M	$844K	75x
BingX ZK-USDT	+0.0100%	4h	0.01184	−0.059%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01182	−0.241%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01184	−0.104%	$161K	$2.4M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01184	−0.084%	$8K	$618K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1321%	1h	0.01189	+0.360%	$195K	$38K	25x	as long as short