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 +0.098%

Price spread now: Gate against BingX−0.040%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$270as in the Price arb table

costs, in and out, $10k−$2662.656% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.535%+$53 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.040%, 7d avg +0.006%

Together, before fees+0.597%+$60 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 0.047% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZKP-USDT	0.04956	0.0100	pay 0.0050% / 4h	31m 30s	—	$6.6M	—
Short	Gate ZKP_USDT	0.04954	0.0100	get 0.0050% / 4h	31m 30s	$326K	$179K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.006%: −$4.67
Slippage, 4 orders: −$240.63
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$270.3
Costs to cover: 2.656%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Gate: live order book, 44 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	3.02 bp	28.9 bp −$29	117.8 bp −$1,178	doesn't fit	doesn't fit
Sell Gate live order book, 44 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
BloFin ZKP-USDT	+0.0079%	4h	0.04963	+0.141%	$222K	$37K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04956	−0.010%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04947	−0.182%	$1.2M	$982K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04954	−0.040%	$331K	$550K	20x	as long as short
Gate ZKP_USDTshort	+0.0100%	4h	0.04954	−0.040%	$326K	$179K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.04955	−0.020%	$1.2M	$182K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04954	−0.040%	$582K	$543K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04955	−0.020%	$289K	$256K	20x	as long as short
BingX ZKP-USDTlong	+0.0100%	4h	0.04956	long leg	—	$6.6M	—
Aster ZKPUSDT	+0.0266%	4h	0.04957	+0.022%	$23K	$80K	5x	as long as short