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 +0.004%

Price spread now: Binance against Bybit+0.051%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$206as in the Price arb table

costs, in and out, $10k−$2042.045% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 7 days−0.006%−$1 · spread now +0.051%, 7d avg +0.071%

Together, before fees−0.002%$0 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 0.020% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKPUSDT	0.05006	0.0100	pay 0.0050% / 4h	48m 53s	$1.2M	$1.0M	25x
Short	Binance ZKPUSDT	0.05009	0.0100	get 0.0050% / 4h	48m 53s	$2.7M	$2.8M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.071%: −$2.01
Slippage, 4 orders: −$183.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$206.48
Costs to cover: 2.045%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago	3.00 bp	71.8 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	2.00 bp	34.1 bp −$34	209.9 bp −$2,099	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	0.05009	+0.051%	$2.7M	$2.8M	40x
Bybit ZKPUSDTlong	+0.0100%	4h	0.05006	long leg	$1.2M	$1.0M	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05009	+0.060%	$323K	$576K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05015	+0.180%	$323K	$179K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05007	+0.020%	$1.2M	$205K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05008	+0.040%	$577K	$520K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05008	+0.040%	$311K	$272K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05010	+0.080%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0107%	4h	0.05008	+0.040%	$218K	$45K	40x	as long as short
Aster ZKPUSDT	+0.0248%	4h	0.05010	+0.082%	$27K	$84K	5x	as long as short