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 −0.061%

Price spread now: Binance against Gate+0.243%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$251as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$2012.013% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.498%−$50 on $10k

Price spread, last 4 days (all we have)−0.251%−$25 · spread now +0.243%, 7d avg +0.028%

Together, before fees−0.749%−$75 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 0.215% dearer against Gate than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZKP_USDT	0.05006	0.0100	pay 0.0050% / 4h	1h 44m	$320K	$183K	25x
Short	Binance ZKPUSDT	0.05018	0.0100	get 0.0050% / 4h	1h 44m	$2.7M	$2.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.243%Rate

Funding earned: $0
Price spread: +0.243% → +0.028%: $21.51
Slippage, 4 orders: −$176.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$179.8
Costs to cover: 2.013%
Break-even: never at this rate

Slippage from Gate: live order book, 60 min ago; Binance: 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 Gate live order book, 60 min ago	5.02 bp	45.9 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.99 bp	27.2 bp −$27	127.4 bp −$1,274	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
BloFin ZKP-USDT	+0.0046%	4h	0.05017	+0.220%	$213K	$48K	40x	as long as short
Binance ZKPUSDTshort	+0.0100%	4h	0.05018	+0.243%	$2.7M	$2.9M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.05002	−0.080%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05016	+0.200%	$317K	$581K	20x	as long as short
Gate ZKP_USDTlong	+0.0100%	4h	0.05006	long leg	$320K	$183K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.05016	+0.200%	$1.2M	$210K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05006	0.000%	$581K	$497K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05019	+0.260%	$306K	$273K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05010	+0.080%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0307%	4h	0.05008	+0.033%	$27K	$83K	5x	as long as short