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 −0.004%

Price spread now: Bybit against KuCoin−0.100%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$618as in the Funding arb table

Net, price: spread back to 7d avg − costs−$625as in the Price arb table

costs, in and out, $10k−$6176.172% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.205%+$20 · spread now −0.100%, 7d avg −0.020%

Together, before fees+0.201%+$20 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: Bybit is 0.080% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKPUSDTM	0.05020	0.0100	pay 0.0050% / 4h	1h 18m	$583K	$496K	20x
Short	Bybit ZKPUSDT	0.05015	0.0100	get 0.0050% / 4h	1h 18m	$1.2M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → −0.020%: −$7.98
Slippage, 4 orders: −$594.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$625.17
Costs to cover: 6.172%
Break-even: never at this rate

Slippage from KuCoin: live order book, 26 min ago; Bybit: live order book, 2 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, 26 min ago	11.97 bp	255.2 bp −$255	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.98 bp	60.1 bp −$60	doesn't fit	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	+0.0066%	4h	0.05027	+0.139%	$210K	$48K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05021	+0.020%	$2.7M	$3.0M	40x	as long as short
Bybit ZKPUSDTshort	+0.0100%	4h	0.05015	−0.100%	$1.2M	$1.0M	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05021	+0.020%	$315K	$584K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05020	0.000%	$319K	$189K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05025	+0.100%	$1.2M	$211K	20x	as long as short
KuCoin ZKPUSDTMlong	+0.0100%	4h	0.05020	long leg	$583K	$496K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.05019	−0.020%	$308K	$273K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05021	+0.020%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0301%	4h	0.05018	−0.043%	$27K	$84K	5x	as long as short