Funding arb · Price arb /

ZK

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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: KuCoin against Bitget−0.167%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$248as in the Price arb table

costs, in and out, $10k−$2302.296% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days+0.239%+$24 · spread now −0.167%, 7d avg +0.020%

Together, before fees+0.202%+$20 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: KuCoin is 0.187% cheaper against Bitget than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKUSDT	0.01196	0.0100	pay 0.0050% / 4h	1h 51m	$1.5M	$876K	75x
Short	KuCoin ZKUSDTM	0.01194	0.0100	get 0.0050% / 4h	1h 51m	$967K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.167%Rate

Funding earned: $0
Price spread: −0.167% → +0.020%: −$18.68
Slippage, 4 orders: −$205.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$248.32
Costs to cover: 2.296%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: 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 Bitget live order book, 4 min ago	8.37 bp	19.9 bp −$20	65.0 bp −$650	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	8.38 bp	99.1 bp −$99	173.4 bp −$1,734	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	−2.174%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01197	+0.067%	$129K	$180K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01196	+0.008%	$593K	$168K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01196	+0.005%	$33K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01194	−0.159%	$29K	$2K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01195	−0.062%	$4.9M	$7.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01195	−0.100%	$5.1M	$2.5M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01194	−0.151%	$1.0M	$2.2M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01195	−0.084%	$307K	$267K	50x	as long as short
KuCoin ZKUSDTMshort	+0.0100%	4h	0.01194	−0.167%	$967K	$1.8M	50x

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDTlong	+0.0100%	4h	0.01196	long leg	$1.5M	$876K	75x
BingX ZK-USDT	+0.0100%	4h	0.01195	−0.092%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01197	+0.079%	$58K	$4K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01196	+0.030%	$160K	$2.0M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01194	−0.167%	$8K	$636K	50x	as long as short
BloFin ZK-USDT	+0.0132%	4h	0.01196	−0.033%	$214K	$27K	75x	as long as short
Kraken Futures PF_ZKUSD	+4.0180%	1h	0.01194	−0.198%	$208K	$48K	25x	as long as short