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: BingX against KuCoin+0.060%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$217as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$2202.203% of the position

Long on KuCoin Short on BingX

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−0.195%−$20 · spread now +0.060%, 7d avg −0.063%

Together, before fees−0.159%−$16 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: BingX is 0.122% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKUSDTM	0.01176	0.0100	pay 0.0050% / 4h	1h 43m	$970K	$1.5M	50x
Short	BingX ZK-USDT	0.01177	0.0100	get 0.0050% / 4h	1h 43m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.063%: $12.21
Slippage, 4 orders: −$198.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$208.09
Costs to cover: 2.203%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; BingX: live order book, 8 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, 2 min ago	12.79 bp	94.3 bp −$94	207.3 bp −$2,073	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	5.11 bp	23.1 bp −$23	49.2 bp −$492	352.6 bp −$35.3K	656.6 bp −$328.3K

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	−0.0037%	4h	0.01176	−0.026%	$1.0M	$2.1M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.510%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0056%	4h	0.01173	−0.238%	$214K	$19K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01179	+0.213%	$128K	$194K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01178	+0.153%	$585K	$177K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01177	+0.105%	$31K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01177	+0.094%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01177	+0.112%	$4.9M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01177	+0.051%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01176	0.000%	$300K	$260K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01176	long leg	$970K	$1.5M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01177	+0.085%	$1.4M	$897K	75x	as long as short
BingX ZK-USDTshort	+0.0100%	4h	0.01177	+0.060%	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01172	−0.302%	$57K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01175	−0.112%	$162K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01174	−0.170%	$8K	$627K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1641%	1h	0.01180	+0.333%	$201K	$42K	25x	as long as short