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 +0.065%

Price spread now: Gate against Bybit+0.121%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs−$268as in the Price arb table

costs, in and out, $10k−$2742.739% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.501%+$50 on $10k

Price spread, last 4 days (all we have)−0.165%−$16 · spread now +0.121%, 7d avg +0.059%

Together, before fees+0.336%+$34 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 0.062% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKPUSDT	0.04951	0.0100	pay 0.0050% / 4h	2h 38m	$1.2M	$1.0M	25x
Short	Gate ZKP_USDT	0.04957	0.0100	get 0.0050% / 4h	2h 38m	$317K	$179K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.121%Rate

Funding earned: $0
Price spread: +0.121% → +0.059%: $6.19
Slippage, 4 orders: −$247.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$267.74
Costs to cover: 2.739%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 6 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	2.02 bp	65.9 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	5.02 bp	104.0 bp −$104	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
Aster ZKPUSDT	+0.0100%	4h	0.04958	+0.132%	$26K	$83K	5x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04957	+0.130%	$2.6M	$2.9M	40x	as long as short
Bybit ZKPUSDTlong	+0.0100%	4h	0.04951	long leg	$1.2M	$1.0M	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04958	+0.141%	$316K	$563K	20x	as long as short
Gate ZKP_USDTshort	+0.0100%	4h	0.04957	+0.121%	$317K	$179K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.04959	+0.162%	$1.2M	$208K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04960	+0.182%	$574K	$501K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04964	+0.263%	$302K	$280K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04961	+0.202%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0138%	4h	0.04948	−0.061%	$94K	$47K	40x	as long as short