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 −0.004%

Price spread now: Bybit against Binance+0.109%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1841.839% of the position

Long on Binance 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 7 days−0.165%−$17 · spread now +0.109%, 7d avg −0.070%

Together, before fees−0.169%−$17 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 0.178% dearer against Binance than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKPUSDT	0.05040	0.0100	pay 0.0050% / 4h	2h 29m	$2.7M	$2.8M	40x
Short	Bybit ZKPUSDT	0.05045	0.0100	get 0.0050% / 4h	2h 29m	$1.2M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → −0.070%: $17.83
Slippage, 4 orders: −$162.86
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$166.03
Costs to cover: 1.839%
Break-even: never at this rate

Slippage from Binance: live order book, 6 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 Binance live order book, 6 min ago	1.98 bp	26.3 bp −$26	319.2 bp −$3,192	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.96 bp	67.8 bp −$68	doesn't fit	doesn't fit	doesn't fit

ZKP on 9 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	0.05040	long leg	$2.7M	$2.8M	40x
Bybit ZKPUSDTshort	+0.0100%	4h	0.05045	+0.109%	$1.2M	$1.0M	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05053	+0.267%	$335K	$606K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05037	−0.050%	$332K	$182K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05036	−0.070%	$1.2M	$202K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05035	−0.090%	$592K	$535K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05040	+0.009%	$311K	$274K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05043	+0.069%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0521%	4h	0.05043	+0.065%	$24K	$84K	5x	as long as short