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 +0.092%

Price spread now: Gate against Bitget−0.081%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$230as in the Funding arb table

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$2792.794% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.492%+$49 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.081%, 7d avg −0.016%

Together, before fees+0.562%+$56 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 0.065% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKPUSDT	0.04959	0.0100	pay 0.0050% / 4h	33m 45s	$289K	$256K	20x
Short	Gate ZKP_USDT	0.04955	0.0100	get 0.0050% / 4h	33m 45s	$327K	$179K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.016%: −$6.48
Slippage, 4 orders: −$252.4
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$285.88
Costs to cover: 2.794%
Break-even: never at this rate

Slippage from Bitget: live order book, 36 min ago; Gate: live order book, 41 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, 36 min ago	4.04 bp	26.8 bp −$27	360.5 bp −$3,605	doesn't fit	doesn't fit
Sell Gate live order book, 41 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	+0.0051%	4h	0.04963	+0.081%	$222K	$37K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04957	−0.045%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04948	−0.222%	$1.2M	$982K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04955	−0.081%	$331K	$551K	20x	as long as short
Gate ZKP_USDTshort	+0.0100%	4h	0.04955	−0.081%	$327K	$179K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.04956	−0.060%	$1.2M	$182K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04957	−0.040%	$583K	$544K	20x	as long as short
Bitget ZKPUSDTlong	+0.0100%	4h	0.04959	long leg	$289K	$256K	20x
BingX ZKP-USDT	+0.0100%	4h	0.04958	−0.020%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0287%	4h	0.04960	+0.015%	$23K	$80K	5x	as long as short