Funding you earn now, next payment 04:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.29 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Bitget+0.020%45s7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1011.011% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 3 days (all we have)+0.076%+$8 · spread now +0.020%, 7d avg +0.048%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.028% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.048%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ZKPUSDT | 0.04974 | 0.0100 | pay 0.0050% / 4h | 3h 38m | $294K | $258K | 20x |
| Short | BloFin ZKP-USDT | 0.04975 | 0.0041 | get 0.0021% / 4h | 3h 38m | $221K | $37K | 40x |
Bitget ZKPUSDT
BloFin ZKP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$12.38
- Price spread: +0.020% → +0.048%
- −$2.83
- Slippage, 4 orders
- −$77.07
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$116.27
- Costs to cover
- 1.011%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 26 min ago; BloFin: live order book, 27 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, 26 min ago | 7.02 bp | 24.8 bp −$25 | 365.6 bp −$3,656 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 27 min ago | 1.00 bp | 28.5 bp −$28 | 83.6 bp −$836 | 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 | +0.0041% | 4h | 0.04975 | +0.020% | $221K | $37K | 40x | |
| Binance ZKPUSDT | +0.0100% | 4h | 0.04974 | −0.009% | $2.7M | $2.7M | 40x | as long as short |
| Bybit ZKPUSDT | +0.0100% | 4h | 0.04968 | −0.121% | $1.2M | $973K | 25x | as long as short |
| OKX ZKP-USDT-SWAP | +0.0100% | 4h | 0.04976 | +0.040% | $331K | $553K | 20x | as long as short |
| MEXC ZKP_USDT | +0.0100% | 4h | 0.04977 | +0.060% | $1.2M | $188K | 20x | as long as short |
| KuCoin ZKPUSDTM | +0.0100% | 4h | 0.04974 | 0.000% | $583K | $539K | 20x | as long as short |
| Bitget ZKPUSDTlong | +0.0100% | 4h | 0.04974 | long leg | $294K | $258K | 20x | |
| BingX ZKP-USDT | +0.0100% | 4h | 0.04973 | −0.020% | — | $6.6M | — | as long as short |
| Aster ZKPUSDT | +0.0287% | 4h | 0.04977 | +0.059% | $24K | $80K | 5x | as long as short |
| Gate ZKP_USDT | +0.0288% | 4h | 0.04979 | +0.101% | $332K | $180K | 25x | as long as short |
Binance ZKPUSDT
Bybit ZKPUSDT
OKX ZKP-USDT-SWAP
MEXC ZKP_USDT
KuCoin ZKPUSDTM
BingX ZKP-USDT
Aster ZKPUSDT
Gate ZKP_USDT