Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget−0.040%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1021.021% of the position

Long on Bitget Short on MEXC

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)−0.019%−$2 · spread now −0.040%, 7d avg −0.004%

Together, before fees−0.019%−$2 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 0.036% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKPUSDT	0.05004	0.0100	pay 0.0050% / 4h	3h 10m	$315K	$265K	20x
Short	MEXC ZKP_USDT	0.05002	0.0100	get 0.0050% / 4h	3h 10m	$1.2M	$209K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → −0.004%: −$3.62
Slippage, 4 orders: −$86.08
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$105.7
Costs to cover: 1.021%
Break-even: never at this rate

Slippage from Bitget: live order book, 35 min ago; MEXC: live order book, 1 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, 35 min ago	6.94 bp	40.2 bp −$40	567.7 bp −$5,677	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.00 bp	14.2 bp −$14	69.7 bp −$697	497.6 bp −$49.8K	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
Aster ZKPUSDT	+0.0100%	4h	0.05006	+0.043%	$27K	$83K	5x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05003	−0.012%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04998	−0.120%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05004	0.000%	$319K	$554K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05003	−0.020%	$323K	$173K	25x	as long as short
MEXC ZKP_USDTshort	+0.0100%	4h	0.05002	−0.040%	$1.2M	$209K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.05003	−0.020%	$581K	$505K	20x	as long as short
Bitget ZKPUSDTlong	+0.0100%	4h	0.05004	long leg	$315K	$265K	20x
BingX ZKP-USDT	+0.0100%	4h	0.05001	−0.060%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0128%	4h	0.05003	−0.020%	$220K	$45K	40x	as long as short