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 Binance−0.062%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs−$261as in the Price arb table

costs, in and out, $10k−$2572.568% of the position

Long on Binance 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)+0.067%+$7 · spread now −0.062%, 7d avg −0.022%

Together, before fees+0.559%+$56 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 0.040% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKPUSDT	0.04957	0.0100	pay 0.0050% / 4h	28m 01s	$2.7M	$2.7M	40x
Short	Gate ZKP_USDT	0.04954	0.0100	get 0.0050% / 4h	28m 01s	$326K	$179K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → −0.022%: −$3.97
Slippage, 4 orders: −$231.82
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$260.79
Costs to cover: 2.568%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Gate: live order book, 47 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	3.02 bp	23.4 bp −$23	267.2 bp −$2,672	doesn't fit	doesn't fit
Sell Gate live order book, 47 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 ZKPUSDTlong	+0.0100%	4h	0.04957	long leg	$2.7M	$2.7M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.04948	−0.183%	$1.2M	$982K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04954	−0.062%	$331K	$548K	20x	as long as short
Gate ZKP_USDTshort	+0.0100%	4h	0.04954	−0.062%	$326K	$179K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.04956	−0.022%	$1.2M	$182K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04952	−0.102%	$583K	$543K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04957	−0.001%	$289K	$255K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04952	−0.102%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0141%	4h	0.04958	+0.019%	$218K	$37K	40x	as long as short
Aster ZKPUSDT	+0.0251%	4h	0.04957	+0.007%	$23K	$80K	5x	as long as short