Funding arb · Price arb /

ZKP

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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: MEXC against KuCoin+0.120%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,324as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,318as in the Price arb table

costs, in and out, $10k−$1,32413.243% of the position

Long on KuCoin Short on MEXC

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)−0.098%−$10 · spread now +0.120%, 7d avg +0.055%

Together, before fees−0.098%−$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: MEXC is 0.065% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKPUSDTM	0.05006	0.0100	pay 0.0050% / 4h	31m 58s	$580K	$491K	20x
Short	MEXC ZKP_USDT	0.05012	0.0100	get 0.0050% / 4h	31m 58s	$1.2M	$211K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.120%Rate

Funding earned: $0
Price spread: +0.120% → +0.055%: $6.49
Slippage, 4 orders: −$1,308.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,317.81
Costs to cover: 13.243%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; MEXC: live order book, 3 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, 2 min ago	14.94 bp	1060.9 bp −$1,061	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.00 bp	8.8 bp −$9	38.6 bp −$386	344.0 bp −$34.4K	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	+0.0056%	4h	0.05024	+0.360%	$218K	$49K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05008	+0.043%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.05003	−0.060%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05014	+0.160%	$315K	$580K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05009	+0.060%	$317K	$191K	25x	as long as short
MEXC ZKP_USDTshort	+0.0100%	4h	0.05012	+0.120%	$1.2M	$211K	20x
KuCoin ZKPUSDTMlong	+0.0100%	4h	0.05006	long leg	$580K	$491K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.05008	+0.040%	$307K	$274K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05010	+0.080%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0338%	4h	0.05012	+0.115%	$27K	$84K	5x	as long as short