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: Bitget against Gate+0.084%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1061.062% of the position

Long on Gate Short on Bitget

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)−0.084%−$8 · spread now +0.084%, 7d avg +0.037%

Together, before fees−0.087%−$9 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: Bitget is 0.047% dearer against Gate than usual: you sell high and buy low, +$5 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	Gate ZK_USDT	0.01185	0.0100	pay 0.0100% / 8h	51m 03s	$324K	$244K	50x
Short	Bitget ZKUSDT	0.01186	0.0100	get 0.0050% / 4h	51m 03s	$1.5M	$853K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.037%: $4.73
Slippage, 4 orders: −$79.21
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$101.48
Costs to cover: 1.062%
Break-even: never at this rate

Slippage from Gate: live order book, 24 min ago; Bitget: live order book, 6 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 Gate live order book, 24 min ago	8.57 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	8.49 bp	18.5 bp −$19	54.7 bp −$547	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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.266%	$2K	$31K	5.5x	as long as short
OKX ZK-USDT-SWAP	+0.0052%	4h	0.01185	0.000%	$987K	$2.3M	20x	as long as short
Lighter ZK	+0.0096%	1h	0.01187	+0.194%	$129K	$165K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01188	+0.219%	$603K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01187	+0.143%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01186	+0.059%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01186	+0.083%	$4.8M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01185	+0.042%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDTlong	+0.0100%	8h	0.01185	long leg	$324K	$244K	50x
KuCoin ZKUSDTM	+0.0100%	4h	0.01185	0.000%	$999K	$1.0M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDTshort	+0.0100%	4h	0.01186	+0.084%	$1.5M	$853K	75x
BingX ZK-USDT	+0.0100%	4h	0.01186	+0.059%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01178	−0.617%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01180	−0.461%	$162K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01182	−0.253%	$8K	$628K	50x	as long as short
BloFin ZK-USDT	+0.0118%	4h	0.01185	+0.017%	$213K	$25K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1400%	1h	0.01188	+0.268%	$196K	$44K	25x	as long as short