Funding arb · Price arb /

ZKP

all ZKP 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 +0.092%

Price spread now: Gate against KuCoin+0.020%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$949as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,001as in the Price arb table

costs, in and out, $10k−$9999.986% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.492%+$49 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.020%, 7d avg +0.047%

Together, before fees+0.555%+$55 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: Gate is 0.026% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKPUSDTM	0.04953	0.0100	pay 0.0050% / 4h	44m 32s	$582K	$543K	20x
Short	Gate ZKP_USDT	0.04954	0.0100	get 0.0050% / 4h	44m 32s	$326K	$179K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.047%: −$2.63
Slippage, 4 orders: −$971.57
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,001.2
Costs to cover: 9.986%
Break-even: never at this rate

Slippage from KuCoin: live order book, 18 min ago; Gate: live order book, 30 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, 18 min ago	5.04 bp	211.9 bp −$212	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 30 min ago	7.10 bp	36.9 bp −$37	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
Binance ZKPUSDT	+0.0100%	4h	0.04955	+0.040%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04949	−0.081%	$1.2M	$982K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04956	+0.061%	$334K	$545K	20x	as long as short
Gate ZKP_USDTshort	+0.0100%	4h	0.04954	+0.020%	$326K	$179K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.04956	+0.061%	$1.2M	$181K	20x	as long as short
KuCoin ZKPUSDTMlong	+0.0100%	4h	0.04953	long leg	$582K	$543K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.04952	−0.020%	$287K	$255K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04952	−0.020%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0103%	4h	0.04962	+0.182%	$222K	$37K	40x	as long as short
Aster ZKPUSDT	+0.0330%	4h	0.04955	+0.049%	$23K	$80K	5x	as long as short