ZKP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0031%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.008%

Price spread now: BloFin against BingX+0.020%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1101.096% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.190%+$19 · spread now +0.020%, 7d avg +0.075%

Together, before fees+0.220%+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.055% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.075%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZKP-USDT	0.05023	0.0100	pay 0.0050% / 4h	3h 31m	—	$6.6M	—
Short	BloFin ZKP-USDT	0.05024	0.0069	get 0.0035% / 4h	3h 31m	$217K	$45K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$6.41
Price spread: +0.020% → +0.075%: −$5.5
Slippage, 4 orders: −$87.55
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$121.45
Costs to cover: 1.096%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; BloFin: live order book, 60 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 BingX live order book, 6 min ago	5.96 bp	29.7 bp −$30	162.0 bp −$1,620	doesn't fit	doesn't fit
Sell BloFin live order book, 60 min ago	1.98 bp	21.9 bp −$22	120.4 bp −$1,204	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
BloFin ZKP-USDTshort	+0.0069%	4h	0.05024	+0.020%	$217K	$45K	40x
Aster ZKPUSDT	+0.0100%	4h	0.05023	+0.002%	$27K	$83K	5x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05029	+0.120%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.05021	−0.040%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05038	+0.299%	$321K	$565K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05027	+0.080%	$324K	$173K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05029	+0.119%	$1.2M	$208K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05025	+0.040%	$584K	$508K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05033	+0.199%	$319K	$270K	20x	as long as short
BingX ZKP-USDTlong	+0.0100%	4h	0.05023	long leg	—	$6.6M	—