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 0.000%

Price spread now: Bitget against Binance+0.051%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1151.155% of the position

Long on Binance 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)−0.117%−$12 · spread now +0.051%, 7d avg −0.007%

Together, before fees−0.117%−$12 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 0.058% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKPUSDT	0.05002	0.0100	pay 0.0050% / 4h	1h 43m	$2.7M	$2.8M	40x
Short	Bitget ZKPUSDT	0.05005	0.0100	get 0.0050% / 4h	1h 43m	$308K	$277K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → −0.007%: $5.85
Slippage, 4 orders: −$93.49
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$109.64
Costs to cover: 1.155%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Bitget: live order book, 11 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, 7 min ago	1.00 bp	23.8 bp −$24	349.9 bp −$3,499	doesn't fit	doesn't fit
Sell Bitget live order book, 11 min ago	7.02 bp	35.9 bp −$36	271.1 bp −$2,711	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 ZKPUSDTlong	+0.0100%	4h	0.05002	long leg	$2.7M	$2.8M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.04996	−0.129%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05004	+0.031%	$332K	$569K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04995	−0.149%	$327K	$187K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05002	−0.009%	$1.2M	$204K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05003	+0.011%	$577K	$526K	20x	as long as short
Bitget ZKPUSDTshort	+0.0100%	4h	0.05005	+0.051%	$308K	$277K	20x
BingX ZKP-USDT	+0.0100%	4h	0.05000	−0.049%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0152%	4h	0.05006	+0.071%	$220K	$45K	40x	as long as short
Aster ZKPUSDT	+0.0237%	4h	0.04996	−0.121%	$26K	$84K	5x	as long as short