Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin−0.048%7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$588as in the Funding arb table

Net, price: spread back to 7d avg − costs−$600as in the Price arb table

costs, in and out, $10k−$5885.881% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.048%, 7d avg +0.068%

Together, before fees+0.126%+$13 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 0.117% cheaper against KuCoin than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKPUSDTM	0.04998	0.0100	pay 0.0050% / 4h	2h 46m	$580K	$501K	20x
Short	Binance ZKPUSDT	0.04996	0.0100	get 0.0050% / 4h	2h 46m	$2.7M	$2.9M	40x

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 −0.048%Rate

Funding earned: $0
Price spread: −0.048% → +0.068%: −$11.67
Slippage, 4 orders: −$566.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$599.8
Costs to cover: 5.881%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 min ago; Binance: live order book, 4 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, 12 min ago	11.04 bp	257.6 bp −$258	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.00 bp	34.6 bp −$35	170.3 bp −$1,703	doesn't fit	doesn't fit

ZKP on 10 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
BloFin ZKP-USDT	+0.0042%	4h	0.05009	+0.220%	$221K	$46K	40x	as long as short
Aster ZKPUSDT	+0.0100%	4h	0.04996	−0.046%	$26K	$83K	5x	as long as short
Binance ZKPUSDTshort	+0.0100%	4h	0.04996	−0.048%	$2.7M	$2.9M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.04989	−0.180%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04996	−0.040%	$319K	$565K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05000	+0.040%	$320K	$177K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04995	−0.060%	$1.2M	$208K	20x	as long as short
KuCoin ZKPUSDTMlong	+0.0100%	4h	0.04998	long leg	$580K	$501K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.04998	0.000%	$305K	$280K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05002	+0.080%	—	$6.6M	—	as long as short