Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h −0.056%
Price spread now: BloFin against Gate+0.020%48s7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$249as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1981.975% of the position
Funding, last 7 days−0.511%−$51 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now +0.020%, 7d avg +0.072%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.052% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.072%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZKP_USDT | 0.04959 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $314K | $181K | 25x |
| Short | BloFin ZKP-USDT | 0.04960 | 0.0068 | get 0.0034% / 4h | 2h 20m | $209K | $47K | 40x |
Gate ZKP_USDT
BloFin ZKP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.7
- Price spread: +0.020% → +0.072%
- −$5.17
- Slippage, 4 orders
- −$170.53
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$209.4
- Costs to cover
- 1.975%
- Break-even
- never at this rate
Slippage from Gate: live order book, 25 min ago; BloFin: live order book, 61 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, 25 min ago | 5.02 bp | 45.9 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 61 min ago | 5.99 bp | 26.1 bp −$26 | 78.3 bp −$783 | 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-USDTshort | +0.0068% | 4h | 0.04960 | +0.020% | $209K | $47K | 40x | |
| Aster ZKPUSDT | +0.0100% | 4h | 0.04967 | +0.166% | $26K | $83K | 5x | as long as short |
| Binance ZKPUSDT | +0.0100% | 4h | 0.04978 | +0.383% | $2.7M | $2.9M | 40x | as long as short |
| Bybit ZKPUSDT | +0.0100% | 4h | 0.04970 | +0.222% | $1.2M | $1.0M | 25x | as long as short |
| OKX ZKP-USDT-SWAP | +0.0100% | 4h | 0.04976 | +0.343% | $316K | $570K | 20x | as long as short |
| Gate ZKP_USDTlong | +0.0100% | 4h | 0.04959 | long leg | $314K | $181K | 25x | |
| MEXC ZKP_USDT | +0.0100% | 4h | 0.04978 | +0.383% | $1.2M | $210K | 20x | as long as short |
| KuCoin ZKPUSDTM | +0.0100% | 4h | 0.04961 | +0.040% | $573K | $501K | 20x | as long as short |
| Bitget ZKPUSDT | +0.0100% | 4h | 0.04955 | −0.081% | $301K | $280K | 20x | as long as short |
| BingX ZKP-USDT | +0.0100% | 4h | 0.04963 | +0.081% | — | $6.6M | — | as long as short |
Aster ZKPUSDT
Binance ZKPUSDT
Bybit ZKPUSDT
OKX ZKP-USDT-SWAP
MEXC ZKP_USDT
KuCoin ZKPUSDTM
Bitget ZKPUSDT
BingX ZKP-USDT