ZKP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h −0.006%

Price spread now: MEXC against BloFin+0.162%49s7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as 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−$720.722% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.320%−$32 · spread now +0.162%, 7d avg −0.048%

Together, before fees−0.312%−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.210% dearer against BloFin than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.048%. The two prices were read 49 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	BloFin ZKP-USDT	0.04934	0.0082	pay 0.0041% / 4h	48m 23s	$235K	$50K	40x
Short	MEXC ZKP_USDT	0.04942	0.0100	get 0.0050% / 4h	48m 23s	$1.2M	$240K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now +0.162%Rate

Funding earned: $3.85
Price spread: +0.162% → −0.048%: $21.05
Slippage, 4 orders: −$56.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$47.28
Costs to cover: 0.722%
Break-even: 93.0 days

Slippage from BloFin: live order book, 50 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 BloFin live order book, 50 min ago	2.01 bp	26.6 bp −$27	115.6 bp −$1,156	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.01 bp	14.0 bp −$14	73.6 bp −$736	461.2 bp −$46.1K	doesn't fit

ZKP on 10 exchanges

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-USDTlong	+0.0082%	4h	0.04934	long leg	$235K	$50K	40x
Aster ZKPUSDT	+0.0100%	4h	0.04939	+0.107%	$26K	$56K	5x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04944	+0.196%	$2.6M	$2.8M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04931	−0.061%	$1.1M	$867K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04944	+0.203%	$301K	$547K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04933	−0.020%	$308K	$168K	25x	as long as short
MEXC ZKP_USDTshort	+0.0100%	4h	0.04942	+0.162%	$1.2M	$240K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.04932	−0.041%	$564K	$460K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04939	+0.101%	$318K	$283K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04933	−0.020%	—	$6.6M	—	as long as short