Funding arb · Price arb /

ZKP

all ZKP markets

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: KuCoin against Binance+0.005%7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$610as in the Funding arb table

Net, price: spread back to 7d avg − costs−$603as in the Price arb table

costs, in and out, $10k−$6106.101% of the position

Long on Binance Short on KuCoin

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)−0.094%−$9 · spread now +0.005%, 7d avg −0.069%

Together, before fees−0.094%−$9 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 0.074% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKPUSDT	0.05039	0.0100	pay 0.0050% / 4h	3h 42m	$2.7M	$2.9M	40x
Short	KuCoin ZKPUSDTM	0.05039	0.0100	get 0.0050% / 4h	3h 42m	$586K	$508K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → −0.069%: $7.39
Slippage, 4 orders: −$588.07
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$602.68
Costs to cover: 6.101%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; KuCoin: live order book, 31 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 Binance live order book, 8 min ago	2.97 bp	36.1 bp −$36	394.5 bp −$3,945	doesn't fit	doesn't fit
Sell KuCoin live order book, 31 min ago	17.81 bp	268.1 bp −$268	doesn't fit	doesn't fit	doesn't fit

ZKP on 10 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
BloFin ZKP-USDT	+0.0072%	4h	0.05048	+0.183%	$218K	$46K	40x	as long as short
Binance ZKPUSDTlong	+0.0100%	4h	0.05039	long leg	$2.7M	$2.9M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.05036	−0.055%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05039	+0.005%	$321K	$570K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05037	−0.035%	$325K	$173K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05040	+0.024%	$1.2M	$207K	20x	as long as short
KuCoin ZKPUSDTMshort	+0.0100%	4h	0.05039	+0.005%	$586K	$508K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.05040	+0.024%	$319K	$271K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05040	+0.024%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0126%	4h	0.05042	+0.064%	$27K	$83K	5x	as long as short