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

ZK

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SwapBacktest
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: KuCoin against Gate0.000%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$298as in the Funding arb table
Net, price: spread back to 7d avg − costs−$296as in the Price arb table
costs, in and out, $10k−$2952.947% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.037%−$4 on $10k
Price spread, last 4 days (all we have)+0.058%+$6 · spread now 0.000%, 7d avg +0.018%
Together, before fees+0.021%+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ZK_USDT0.011920.0100pay 0.0100% / 8h1h 18m$306K$262K50x
ShortKuCoin ZKUSDTM0.011920.0100get 0.0050% / 4h1h 18m$978K$1.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: 0.000% → +0.018%
−$1.79
Slippage, 4 orders
−$267.7
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$296.49
Costs to cover
2.947%
Break-even
never at this rate
Slippage from Gate: live order book, 22 min ago; KuCoin: live order book, 8 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 Gate live order book, 22 min ago8.51 bp33.1 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 8 min ago8.38 bp101.3 bp −$101233.3 bp −$2,333doesn'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
Injective ZK/USDC PERP+0.0033%1h0.01170−1.846%$2K$31K5.5xas long as short
OKX ZK-USDT-SWAP+0.0069%4h0.01192−0.008%$1.0M$2.2M20xas long as short
BloFin ZK-USDT+0.0073%4h0.01192+0.025%$213K$19K75xas long as short
Lighter ZK+0.0096%1h0.01195+0.235%$132K$197K8xas long as short
Hyperliquid ZK+0.0100%1h0.01195+0.235%$592K$171K5xas long as short
Aster ZKUSDT+0.0100%4h0.01193+0.103%$32K$22K10xas long as short
Pacifica ZK+0.0100%1h0.01193+0.101%$29K$3K5xas long as short
Binance ZKUSDT+0.0100%4h0.01193+0.103%$4.9M$8.0M75xas long as short
Bybit ZKUSDT+0.0100%4h0.01192+0.025%$5.2M$2.4M25xas long as short
Gate ZK_USDTlong+0.0100%8h0.01192long leg$306K$262K50x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZKUSDTMshort+0.0100%4h0.011920.000%$978K$1.6M50x
Bitget ZKUSDT+0.0100%4h0.01193+0.084%$1.5M$879K75xas long as short
BingX ZK-USDT+0.0100%4h0.01193+0.076%$6.7Mas long as short
Variational Omni ZK+0.0100%4h0.01193+0.050%$57K$13Kas long as short
GRVT ZK_USDT_Perp+0.0100%4h0.01194+0.127%$165K$2.3M10xas long as short
ApeX Omni ZKUSDT+0.0100%1h0.01194+0.168%$8K$628K50xas long as short
Kraken Futures PF_ZKUSD+0.1618%1h0.01196+0.366%$209K$46K25xas long as short