Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: BingX against KuCoin−0.040%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$538as in the Funding arb table

Net, price: spread back to 7d avg − costs−$541as in the Price arb table

costs, in and out, $10k−$5345.336% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.040%, 7d avg +0.038%

Together, before fees+0.096%+$10 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 0.077% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKPUSDTM	0.05018	0.0100	pay 0.0050% / 4h	35m 47s	$579K	$516K	20x
Short	BingX ZKP-USDT	0.05016	0.0100	get 0.0050% / 4h	35m 47s	—	$6.6M	—

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 −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.038%: −$7.74
Slippage, 4 orders: −$511.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$541.38
Costs to cover: 5.336%
Break-even: never at this rate

Slippage from KuCoin: live order book, 48 min ago; BingX: 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, 48 min ago	12.93 bp	253.7 bp −$254	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	5.97 bp	35.8 bp −$36	125.2 bp −$1,252	1094.3 bp −$109.4K	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	+0.0085%	4h	0.05028	+0.199%	$222K	$45K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05024	+0.112%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.05015	−0.060%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05024	+0.120%	$323K	$582K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05025	+0.139%	$323K	$180K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05024	+0.120%	$1.2M	$206K	20x	as long as short
KuCoin ZKPUSDTMlong	+0.0100%	4h	0.05018	long leg	$579K	$516K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.05026	+0.159%	$318K	$282K	20x	as long as short
BingX ZKP-USDTshort	+0.0100%	4h	0.05016	−0.040%	—	$6.6M	—
Aster ZKPUSDT	+0.0177%	4h	0.05021	+0.060%	$27K	$83K	5x	as long as short