Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: KuCoin against Bybit+0.061%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$932as in the Funding arb table

Net, price: spread back to 7d avg − costs−$928as in the Price arb table

costs, in and out, $10k−$9339.328% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.187%−$19 · spread now +0.061%, 7d avg +0.013%

Together, before fees−0.183%−$18 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 0.048% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKPUSDT	0.04956	0.0100	pay 0.0050% / 4h	35m 36s	$1.2M	$983K	25x
Short	KuCoin ZKPUSDTM	0.04959	0.0100	get 0.0050% / 4h	35m 36s	$581K	$544K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → +0.013%: $4.78
Slippage, 4 orders: −$909.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$928.01
Costs to cover: 9.328%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 27 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 Bybit live order book, 5 min ago	6.07 bp	77.4 bp −$77	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 27 min ago	5.04 bp	577.9 bp −$578	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	+0.0071%	4h	0.04967	+0.222%	$95K	$37K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04966	+0.200%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDTlong	+0.0100%	4h	0.04956	long leg	$1.2M	$983K	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04968	+0.242%	$332K	$553K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04956	0.000%	$327K	$179K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04964	+0.161%	$1.2M	$182K	20x	as long as short
KuCoin ZKPUSDTMshort	+0.0100%	4h	0.04959	+0.061%	$581K	$544K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.04962	+0.121%	$289K	$256K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04959	+0.061%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0287%	4h	0.04962	+0.117%	$23K	$80K	5x	as long as short