Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bitget+0.086%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1011.015% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.086%, 7d avg −0.037%

Together, before fees−0.083%−$8 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: Gate is 0.123% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKUSDT	0.01162	0.0100	pay 0.0050% / 4h	1h 33m	$1.5M	$857K	75x
Short	Gate ZK_USDT	0.01163	0.0100	get 0.0100% / 8h	1h 33m	$314K	$244K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → −0.037%: $12.32
Slippage, 4 orders: −$74.48
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$89.16
Costs to cover: 1.015%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 46 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 Bitget live order book, 3 min ago	8.60 bp	17.9 bp −$18	57.9 bp −$579	doesn't fit	doesn't fit
Sell Gate live order book, 46 min ago	8.56 bp	34.2 bp −$34	doesn't fit	doesn't fit	doesn't fit

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
OKX ZK-USDT-SWAP	−0.0020%	4h	0.01163	+0.060%	$940K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.688%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0049%	4h	0.01164	+0.198%	$210K	$24K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01165	+0.267%	$127K	$165K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01164	+0.207%	$584K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01164	+0.140%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01162	+0.034%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01163	+0.107%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01163	+0.069%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDTshort	+0.0100%	8h	0.01163	+0.086%	$314K	$244K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01163	+0.086%	$985K	$975K	50x	as long as short
Bitget ZKUSDTlong	+0.0100%	4h	0.01162	long leg	$1.5M	$857K	75x
BingX ZK-USDT	+0.0100%	4h	0.01163	+0.052%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01162	−0.011%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01164	+0.160%	$160K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01167	+0.430%	$8K	$621K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1297%	1h	0.01166	+0.333%	$193K	$43K	25x	as long as short