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 +0.013%

Price spread now: KuCoin against OKX+0.151%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$277as in the Funding arb table

Net, price: spread back to 7d avg − costs−$268as in the Price arb table

costs, in and out, $10k−$2782.780% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 7 days−0.084%−$8 · spread now +0.151%, 7d avg +0.053%

Together, before fees−0.079%−$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: KuCoin is 0.099% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZK-USDT-SWAP	0.01189	0.0100	pay 0.0050% / 4h	2h 16m	$995K	$2.2M	20x
Short	KuCoin ZKUSDTM	0.01191	0.0100	get 0.0050% / 4h	2h 16m	$964K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.151%Rate

Funding earned: $0
Price spread: +0.151% → +0.053%: $9.88
Slippage, 4 orders: −$255.98
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$268.1
Costs to cover: 2.780%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 2 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 OKX live order book, 3 min ago	3.79 bp	30.1 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	12.63 bp	106.9 bp −$107	196.3 bp −$1,963	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	−1.615%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0084%	4h	0.01188	−0.076%	$212K	$26K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01191	+0.177%	$126K	$180K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01191	+0.160%	$590K	$171K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01191	+0.137%	$33K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01191	+0.143%	$29K	$2K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01190	+0.071%	$4.9M	$7.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01190	+0.042%	$5.1M	$2.6M	25x	as long as short
OKX ZK-USDT-SWAPlong	+0.0100%	4h	0.01189	long leg	$995K	$2.2M	20x
Gate ZK_USDT	+0.0100%	8h	0.01189	−0.017%	$300K	$270K	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTMshort	+0.0100%	4h	0.01191	+0.151%	$964K	$1.7M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01191	+0.151%	$1.5M	$892K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01189	+0.008%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01189	−0.037%	$57K	$6K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01189	−0.009%	$156K	$2.0M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01190	+0.067%	$8K	$635K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.4590%	1h	0.01190	+0.090%	$207K	$45K	25x	as long as short