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 +0.004%

Price spread now: Bitget against Bybit+0.221%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$210as in the Price arb table

costs, in and out, $10k−$2252.250% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.265%−$26 · spread now +0.221%, 7d avg +0.073%

Together, before fees−0.261%−$26 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: Bitget is 0.148% dearer against Bybit than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKPUSDT	0.04975	0.0100	pay 0.0050% / 4h	57m 32s	$1.2M	$980K	25x
Short	Bitget ZKPUSDT	0.04986	0.0100	get 0.0050% / 4h	57m 32s	$289K	$255K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.221%Rate

Funding earned: $0
Price spread: +0.221% → +0.073%: $14.77
Slippage, 4 orders: −$202.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$210.27
Costs to cover: 2.250%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 12 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, 3 min ago	5.04 bp	76.0 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 12 min ago	4.04 bp	43.8 bp −$44	216.8 bp −$2,168	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 ZKPUSDT	+0.0100%	4h	0.04983	+0.160%	$2.7M	$2.6M	40x	as long as short
Bybit ZKPUSDTlong	+0.0100%	4h	0.04975	long leg	$1.2M	$980K	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04987	+0.241%	$335K	$541K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04970	−0.101%	$327K	$178K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04983	+0.161%	$1.2M	$181K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04973	−0.040%	$584K	$544K	20x	as long as short
Bitget ZKPUSDTshort	+0.0100%	4h	0.04986	+0.221%	$289K	$255K	20x
BingX ZKP-USDT	+0.0100%	4h	0.04980	+0.101%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0152%	4h	0.04977	+0.040%	$225K	$37K	40x	as long as short
Aster ZKPUSDT	+0.0343%	4h	0.04974	−0.013%	$24K	$80K	5x	as long as short