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 −0.006%

Price spread now: BingX against Binance−0.242%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1151.153% of the position

Long on Binance 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 7 days+0.235%+$23 · spread now −0.242%, 7d avg −0.017%

Together, before fees+0.192%+$19 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 0.225% cheaper against Binance than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKPUSDT	0.04940	0.0100	pay 0.0050% / 4h	1h 21m	$2.7M	$2.6M	40x
Short	BingX ZKP-USDT	0.04928	0.0100	get 0.0050% / 4h	1h 21m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.242%Rate

Funding earned: $0
Price spread: −0.242% → −0.017%: −$22.5
Slippage, 4 orders: −$95.31
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$137.82
Costs to cover: 1.153%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; BingX: live order book, 5 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 Binance live order book, 14 min ago	1.01 bp	31.0 bp −$31	288.6 bp −$2,886	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	4.06 bp	28.7 bp −$29	102.1 bp −$1,021	1054.9 bp −$105.5K	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 ZKPUSDTlong	+0.0100%	4h	0.04940	long leg	$2.7M	$2.6M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.04928	−0.242%	$1.2M	$974K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04945	+0.102%	$332K	$533K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04923	−0.343%	$323K	$178K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04939	−0.020%	$1.2M	$184K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04929	−0.222%	$578K	$542K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04927	−0.262%	$283K	$252K	20x	as long as short
BingX ZKP-USDTshort	+0.0100%	4h	0.04928	−0.242%	—	$6.6M	—
BloFin ZKP-USDT	+0.0154%	4h	0.04931	−0.182%	$222K	$36K	40x	as long as short
Aster ZKPUSDT	+0.0158%	4h	0.04922	−0.356%	$23K	$80K	5x	as long as short