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: Binance against BingX+0.059%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$820.818% of the position

Long on BingX Short on Binance

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−0.048%−$5 · spread now +0.059%, 7d avg +0.002%

Together, before fees−0.058%−$6 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: Binance is 0.057% dearer against BingX than usual: you sell high and buy low, +$6 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	BingX ZK-USDT	0.01188	0.0100	pay 0.0050% / 4h	2h 18m	—	$6.7M	—
Short	Binance ZKUSDT	0.01188	0.0100	get 0.0050% / 4h	2h 18m	$4.9M	$7.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → +0.002%: $5.69
Slippage, 4 orders: −$61.81
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$76.12
Costs to cover: 0.818%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Binance: live order book, 13 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 BingX live order book, 12 min ago	3.37 bp	24.3 bp −$24	58.1 bp −$581	447.1 bp −$44.7K	714.2 bp −$357.1K
Sell Binance live order book, 13 min ago	1.26 bp	17.0 bp −$17	60.2 bp −$602	doesn't fit	doesn't fit

ZK on 17 exchanges

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	−1.474%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0083%	4h	0.01187	−0.025%	$212K	$26K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01189	+0.160%	$126K	$180K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01189	+0.093%	$589K	$170K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01189	+0.092%	$33K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01188	+0.042%	$29K	$2K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01188	+0.059%	$4.9M	$7.9M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01188	0.000%	$5.1M	$2.6M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01188	+0.008%	$994K	$2.2M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01188	+0.042%	$300K	$269K	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01188	+0.042%	$961K	$1.7M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01189	+0.126%	$1.5M	$894K	75x	as long as short
BingX ZK-USDTlong	+0.0100%	4h	0.01188	long leg	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01189	+0.106%	$57K	$6K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01190	+0.185%	$162K	$2.0M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01190	+0.211%	$8K	$635K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.4595%	1h	0.01189	+0.119%	$207K	$45K	25x	as long as short