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 +0.005%

Price spread now: MEXC against BingX+0.060%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$900.901% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.060%, 7d avg +0.017%

Together, before fees−0.010%−$1 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: MEXC is 0.043% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZKP-USDT	0.05000	0.0100	pay 0.0050% / 4h	1h 34m	—	$6.6M	—
Short	MEXC ZKP_USDT	0.05003	0.0100	get 0.0050% / 4h	1h 34m	$1.2M	$205K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.017%: $4.32
Slippage, 4 orders: −$76.08
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$85.76
Costs to cover: 0.901%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; MEXC: 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 BingX live order book, 3 min ago	6.01 bp	34.5 bp −$35	194.9 bp −$1,949	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.00 bp	14.8 bp −$15	74.6 bp −$746	338.2 bp −$33.8K	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 ZKPUSDT	+0.0100%	4h	0.05003	+0.061%	$2.7M	$2.8M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04997	−0.060%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05004	+0.080%	$331K	$570K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05000	0.000%	$326K	$188K	25x	as long as short
MEXC ZKP_USDTshort	+0.0100%	4h	0.05003	+0.060%	$1.2M	$205K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.05006	+0.120%	$577K	$528K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05001	+0.020%	$307K	$276K	20x	as long as short
BingX ZKP-USDTlong	+0.0100%	4h	0.05000	long leg	—	$6.6M	—
BloFin ZKP-USDT	+0.0139%	4h	0.05009	+0.180%	$217K	$45K	40x	as long as short
Aster ZKPUSDT	+0.0250%	4h	0.05004	+0.083%	$27K	$84K	5x	as long as short