Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: BingX against KuCoin+0.222%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$606as in the Funding arb table

Net, price: spread back to 7d avg − costs−$584as in the Price arb table

costs, in and out, $10k−$6026.019% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.222%, 7d avg +0.039%

Together, before fees−0.220%−$22 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 0.183% dearer against KuCoin than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKPUSDTM	0.04966	0.0100	pay 0.0050% / 4h	2h 39m	$583K	$536K	20x
Short	BingX ZKP-USDT	0.04977	0.0100	get 0.0050% / 4h	2h 39m	—	$6.6M	—

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 +0.222%Rate

Funding earned: $0
Price spread: +0.222% → +0.039%: $18.28
Slippage, 4 orders: −$579.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$583.65
Costs to cover: 6.019%
Break-even: never at this rate

Slippage from KuCoin: live order book, 73 min ago; BingX: live order book, 3 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, 73 min ago	12.06 bp	266.3 bp −$266	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	1.01 bp	26.8 bp −$27	101.6 bp −$1,016	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
Binance ZKPUSDT	+0.0100%	4h	0.04984	+0.362%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04976	+0.201%	$1.2M	$977K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04992	+0.524%	$334K	$583K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04969	+0.060%	$330K	$179K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04979	+0.262%	$1.2M	$190K	20x	as long as short
KuCoin ZKPUSDTMlong	+0.0100%	4h	0.04966	long leg	$583K	$536K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.04990	+0.483%	$297K	$267K	20x	as long as short
BingX ZKP-USDTshort	+0.0100%	4h	0.04977	+0.222%	—	$6.6M	—
BloFin ZKP-USDT	+0.0128%	4h	0.04958	−0.161%	$215K	$41K	40x	as long as short
Aster ZKPUSDT	+0.0416%	4h	0.04967	+0.015%	$23K	$80K	5x	as long as short