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 0.000%

Price spread now: BingX against KuCoin−0.017%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

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

costs, in and out, $10k−$1721.722% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days−0.038%−$4 · spread now −0.017%, 7d avg −0.071%

Together, before fees+0.008%+$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: BingX is 0.054% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKUSDTM	0.01178	0.0100	pay 0.0050% / 4h	3h 30m	$1.0M	$1.0M	50x
Short	BingX ZK-USDT	0.01178	0.0100	get 0.0050% / 4h	3h 30m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.071%: $5.38
Slippage, 4 orders: −$150.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$166.82
Costs to cover: 1.722%
Break-even: never at this rate

Slippage from KuCoin: live order book, 14 min ago; BingX: live order book, 17 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, 14 min ago	4.29 bp	65.9 bp −$66	141.3 bp −$1,413	doesn't fit	doesn't fit
Sell BingX live order book, 17 min ago	1.72 bp	16.4 bp −$16	44.6 bp −$446	370.9 bp −$37.1K	757.1 bp −$378.5K

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	−0.679%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0052%	4h	0.01176	−0.204%	$214K	$36K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01178	+0.025%	$120K	$161K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01180	+0.136%	$588K	$242K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01177	−0.119%	$37K	$27K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01176	−0.153%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01178	+0.017%	$4.7M	$10.3M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01178	−0.042%	$5.0M	$2.8M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01178	+0.017%	$970K	$2.3M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01177	−0.085%	$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	0.01178	long leg	$1.0M	$1.0M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01179	+0.085%	$1.5M	$878K	75x	as long as short
BingX ZK-USDTshort	+0.0100%	4h	0.01178	−0.017%	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01175	−0.291%	$57K	$20K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01177	−0.085%	$162K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01174	−0.340%	$8K	$619K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.2216%	1h	0.01180	+0.130%	$195K	$44K	25x	as long as short