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 −0.064%

Price spread now: BingX against Gate−0.100%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$272as in the Funding arb table

Net, price: spread back to 7d avg − costs−$228as in the Price arb table

costs, in and out, $10k−$2182.180% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.540%−$54 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.100%, 7d avg −0.003%

Together, before fees−0.462%−$46 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: BingX is 0.097% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZKP_USDT	0.05007	0.0100	pay 0.0050% / 4h	23m 53s	$317K	$191K	25x
Short	BingX ZKP-USDT	0.05002	0.0100	get 0.0050% / 4h	23m 53s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → −0.003%: −$9.71
Slippage, 4 orders: −$192.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$227.67
Costs to cover: 2.180%
Break-even: never at this rate

Slippage from Gate: live order book, 11 min ago; BingX: live order book, 3 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, 11 min ago	15.94 bp	49.5 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	5.98 bp	31.0 bp −$31	96.1 bp −$961	1202.3 bp −$120.2K	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	+0.0043%	4h	0.05019	+0.240%	$219K	$48K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05007	0.000%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04997	−0.200%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05006	−0.020%	$315K	$578K	20x	as long as short
Gate ZKP_USDTlong	+0.0100%	4h	0.05007	long leg	$317K	$191K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.05006	−0.020%	$1.2M	$211K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05001	−0.120%	$577K	$489K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05005	−0.040%	$307K	$273K	20x	as long as short
BingX ZKP-USDTshort	+0.0100%	4h	0.05002	−0.100%	—	$6.6M	—
Aster ZKPUSDT	+0.0336%	4h	0.05007	+0.010%	$27K	$84K	5x	as long as short