Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin+0.102%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$241as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2432.432% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 7 days−0.197%−$20 · spread now +0.102%, 7d avg −0.059%

Together, before fees−0.170%−$17 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 0.161% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKUSDTM	0.01196	0.0100	pay 0.0050% / 4h	1h 46m	$965K	$1.8M	50x
Short	Binance ZKUSDT	0.01197	0.0100	get 0.0050% / 4h	1h 46m	$4.9M	$7.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.102%Rate

Funding earned: $0
Price spread: +0.102% → −0.059%: $16.12
Slippage, 4 orders: −$221.17
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$227.05
Costs to cover: 2.432%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Binance: live order book, 16 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 KuCoin live order book, 3 min ago	12.57 bp	100.7 bp −$101	187.9 bp −$1,879	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	2.09 bp	19.1 bp −$19	58.3 bp −$583	doesn't fit	doesn't fit

ZK on 17 exchanges

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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−2.174%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01199	+0.251%	$130K	$180K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01197	+0.109%	$592K	$171K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01198	+0.138%	$33K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01197	+0.075%	$29K	$2K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01197	+0.102%	$4.9M	$7.8M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01197	+0.092%	$5.1M	$2.5M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01196	0.000%	$1.0M	$2.2M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01197	+0.084%	$307K	$268K	50x	as long as short
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01196	long leg	$965K	$1.8M	50x

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01197	+0.084%	$1.5M	$872K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01197	+0.084%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01195	−0.122%	$58K	$4K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01195	−0.102%	$162K	$1.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01195	−0.084%	$8K	$635K	50x	as long as short
BloFin ZK-USDT	+0.0158%	4h	0.01194	−0.192%	$214K	$27K	75x	as long as short
Kraken Futures PF_ZKUSD	+4.0093%	1h	0.01196	+0.017%	$208K	$51K	25x	as long as short