Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.024%

Price spread now: Binance against Bybit+0.094%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 7 days−0.083%−$8 · spread now +0.094%, 7d avg +0.040%

Together, before fees−0.032%−$3 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 0.054% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKUSDT	0.01175	0.0100	pay 0.0050% / 4h	24m 08s	$5.0M	$2.7M	25x
Short	Binance ZKUSDT	0.01176	0.0100	get 0.0050% / 4h	24m 08s	$4.8M	$9.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → +0.040%: $5.41
Slippage, 4 orders: −$48.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$64.31
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 16 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 Bybit live order book, 4 min ago	3.40 bp	18.1 bp −$18	62.8 bp −$628	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.43 bp	16.6 bp −$17	55.2 bp −$552	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	−0.0049%	4h	0.01174	−0.068%	$982K	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.442%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0079%	4h	0.01178	+0.221%	$214K	$25K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01178	+0.264%	$128K	$167K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01178	+0.230%	$598K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01177	+0.165%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01176	+0.111%	$29K	$3K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01176	+0.094%	$4.8M	$9.8M	75x
Bybit ZKUSDTlong	+0.0100%	4h	0.01175	long leg	$5.0M	$2.7M	25x
Gate ZK_USDT	+0.0100%	8h	0.01177	+0.153%	$322K	$245K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01176	+0.068%	$985K	$1.1M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01176	+0.068%	$1.5M	$859K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01176	+0.034%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01178	+0.261%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01180	+0.408%	$154K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01178	+0.238%	$9K	$628K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1411%	1h	0.01179	+0.329%	$194K	$44K	25x	as long as short