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 0.000%

Price spread now: Binance against Bitget+0.040%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1121.118% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.040%, 7d avg +0.005%

Together, before fees−0.053%−$5 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: Binance is 0.034% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKPUSDT	0.04977	0.0100	pay 0.0050% / 4h	3h 18m	$294K	$258K	20x
Short	Binance ZKPUSDT	0.04979	0.0100	get 0.0050% / 4h	3h 18m	$2.7M	$2.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.005%: $3.44
Slippage, 4 orders: −$89.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$108.32
Costs to cover: 1.118%
Break-even: never at this rate

Slippage from Bitget: live order book, 46 min ago; Binance: 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 Bitget live order book, 46 min ago	7.02 bp	24.8 bp −$25	365.6 bp −$3,656	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	2.01 bp	27.6 bp −$28	225.1 bp −$2,251	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 ZKPUSDTshort	+0.0100%	4h	0.04979	+0.040%	$2.7M	$2.7M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.04971	−0.121%	$1.2M	$968K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04978	+0.020%	$331K	$551K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04977	0.000%	$333K	$180K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04979	+0.040%	$1.2M	$191K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04977	0.000%	$581K	$537K	20x	as long as short
Bitget ZKPUSDTlong	+0.0100%	4h	0.04977	long leg	$294K	$258K	20x
BingX ZKP-USDT	+0.0100%	4h	0.04973	−0.080%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0115%	4h	0.04987	+0.201%	$224K	$41K	40x	as long as short
Aster ZKPUSDT	+0.0339%	4h	0.04977	−0.001%	$24K	$80K	5x	as long as short