Funding arb · Price arb /

ZKP

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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: Bitget against KuCoin+0.081%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$700as in the Funding arb table

Net, price: spread back to 7d avg − costs−$698as in the Price arb table

costs, in and out, $10k−$7007.005% of the position

Long on KuCoin Short on Bitget

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)+0.036%+$4 · spread now +0.081%, 7d avg +0.060%

Together, before fees+0.036%+$4 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 0.021% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKPUSDTM	0.04916	0.0100	pay 0.0050% / 4h	1h 47m	$575K	$542K	20x
Short	Bitget ZKPUSDT	0.04920	0.0100	get 0.0050% / 4h	1h 47m	$282K	$251K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → +0.060%: $2.1
Slippage, 4 orders: −$676.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$698.36
Costs to cover: 7.005%
Break-even: never at this rate

Slippage from KuCoin: live order book, 25 min ago; Bitget: live order book, 28 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, 25 min ago	7.11 bp	285.2 bp −$285	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 28 min ago	5.07 bp	41.5 bp −$41	299.2 bp −$2,992	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	0.04918	+0.050%	$2.7M	$2.6M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04914	−0.041%	$1.2M	$980K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04924	+0.163%	$331K	$528K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04917	+0.020%	$321K	$176K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04923	+0.142%	$1.2M	$182K	20x	as long as short
KuCoin ZKPUSDTMlong	+0.0100%	4h	0.04916	long leg	$575K	$542K	20x
Bitget ZKPUSDTshort	+0.0100%	4h	0.04920	+0.081%	$282K	$251K	20x
BingX ZKP-USDT	+0.0100%	4h	0.04919	+0.061%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0135%	4h	0.04927	+0.224%	$224K	$36K	40x	as long as short
Aster ZKPUSDT	+0.0139%	4h	0.04921	+0.094%	$23K	$80K	5x	as long as short