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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin−0.009%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1731.729% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 7 days−0.028%−$3 · spread now −0.009%, 7d avg −0.069%

Together, before fees−0.013%−$1 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 0.061% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKUSDTM	0.01176	0.0100	pay 0.0050% / 4h	3h 31m	$1.0M	$1.0M	50x
Short	Binance ZKUSDT	0.01176	0.0100	get 0.0050% / 4h	3h 31m	$4.7M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.069%: $6.1
Slippage, 4 orders: −$150.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$166.81
Costs to cover: 1.729%
Break-even: never at this rate

Slippage from KuCoin: live order book, 13 min ago; Binance: live order book, 14 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 KuCoin live order book, 13 min ago	4.29 bp	65.9 bp −$66	141.3 bp −$1,413	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.43 bp	16.6 bp −$17	50.9 bp −$509	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	−0.510%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0095%	4h	0.01174	−0.204%	$214K	$39K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01178	+0.162%	$120K	$161K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01177	+0.119%	$586K	$242K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01176	+0.032%	$37K	$27K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01176	+0.017%	$29K	$3K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01176	−0.009%	$4.7M	$10.3M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01176	−0.009%	$5.0M	$2.8M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01176	0.000%	$969K	$2.3M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01176	0.000%	$320K	$260K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01176	long leg	$1.0M	$1.0M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01177	+0.085%	$1.5M	$880K	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	0.01175	−0.122%	$57K	$20K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01175	−0.085%	$162K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01178	+0.170%	$8K	$620K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.2217%	1h	0.01179	+0.270%	$195K	$44K	25x	as long as short