Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance+0.112%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$770.765% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days−0.125%−$12 · spread now +0.112%, 7d avg −0.002%

Together, before fees−0.115%−$12 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 0.115% dearer against Binance than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKUSDT	0.01205	0.0100	pay 0.0050% / 4h	2h 58m	$5.0M	$7.7M	75x
Short	BingX ZK-USDT	0.01206	0.0100	get 0.0050% / 4h	2h 58m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → −0.002%: $11.47
Slippage, 4 orders: −$56.53
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$65.07
Costs to cover: 0.765%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; BingX: 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 Binance live order book, 10 min ago	3.30 bp	19.7 bp −$20	81.8 bp −$818	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	5.37 bp	17.7 bp −$18	47.9 bp −$479	410.6 bp −$41.1K	770.9 bp −$385.4K

ZK on 17 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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−2.884%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01205	−0.004%	$128K	$175K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01206	+0.137%	$597K	$163K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01206	+0.065%	$33K	$22K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01209	+0.353%	$30K	$3K	5x	as long as short
Binance ZKUSDTlong	+0.0100%	4h	0.01205	long leg	$5.0M	$7.7M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01205	+0.046%	$5.1M	$2.5M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01205	−0.020%	$1.0M	$2.1M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01206	+0.104%	$303K	$253K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01205	+0.021%	$977K	$1.7M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01206	+0.104%	$1.5M	$811K	75x	as long as short
BingX ZK-USDTshort	+0.0100%	4h	0.01206	+0.112%	—	$6.6M	—
Variational Omni ZK	+0.0100%	4h	0.01208	+0.260%	$58K	$8K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01211	+0.519%	$162K	$2.1M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01210	+0.436%	$8K	$633K	50x	as long as short
BloFin ZK-USDT	+0.0151%	4h	0.01208	+0.295%	$216K	$26K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.4505%	1h	0.01213	+0.671%	$212K	$42K	25x	as long as short