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 −0.004%

Price spread now: Bybit against KuCoin−0.080%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$679as in the Funding arb table

Net, price: spread back to 7d avg − costs−$685as in the Price arb table

costs, in and out, $10k−$6796.788% of the position

Long on KuCoin Short on Bybit

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)+0.241%+$24 · spread now −0.080%, 7d avg −0.017%

Together, before fees+0.237%+$24 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: Bybit is 0.063% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKPUSDTM	0.05007	0.0100	pay 0.0050% / 4h	3h 16m	$582K	$507K	20x
Short	Bybit ZKPUSDT	0.05003	0.0100	get 0.0050% / 4h	3h 16m	$1.2M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → −0.017%: −$6.28
Slippage, 4 orders: −$655.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$685.04
Costs to cover: 6.788%
Break-even: never at this rate

Slippage from KuCoin: live order book, 58 min ago; Bybit: live order book, 4 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, 58 min ago	17.81 bp	277.2 bp −$277	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.99 bp	77.8 bp −$78	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
Aster ZKPUSDT	+0.0100%	4h	0.05008	+0.028%	$27K	$83K	5x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05011	+0.079%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDTshort	+0.0100%	4h	0.05003	−0.080%	$1.2M	$1.0M	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05011	+0.080%	$319K	$558K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05007	0.000%	$323K	$173K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05010	+0.060%	$1.2M	$209K	20x	as long as short
KuCoin ZKPUSDTMlong	+0.0100%	4h	0.05007	long leg	$582K	$507K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.05011	+0.080%	$317K	$264K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05011	+0.080%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0153%	4h	0.05008	+0.020%	$220K	$46K	40x	as long as short