Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.061%

Price spread now: MEXC against Gate+0.060%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$235as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1861.855% of the position

Long on Gate Short on MEXC

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)−0.104%−$10 · spread now +0.060%, 7d avg +0.015%

Together, before fees−0.601%−$60 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: MEXC is 0.045% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZKP_USDT	0.05033	0.0100	pay 0.0050% / 4h	3h 57m	$317K	$183K	25x
Short	MEXC ZKP_USDT	0.05036	0.0100	get 0.0050% / 4h	3h 57m	$1.2M	$209K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.015%: $4.51
Slippage, 4 orders: −$166.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$181.03
Costs to cover: 1.855%
Break-even: never at this rate

Slippage from Gate: live order book, 37 min ago; MEXC: 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, 37 min ago	15.94 bp	49.5 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.99 bp	13.7 bp −$14	65.6 bp −$656	459.7 bp −$46.0K	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	+0.0068%	4h	0.05031	−0.040%	$216K	$49K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05034	+0.029%	$2.7M	$3.0M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.05030	−0.060%	$1.2M	$1.1M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05040	+0.139%	$319K	$589K	20x	as long as short
Gate ZKP_USDTlong	+0.0100%	4h	0.05033	long leg	$317K	$183K	25x
MEXC ZKP_USDTshort	+0.0100%	4h	0.05036	+0.060%	$1.2M	$209K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.05031	−0.040%	$594K	$490K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05038	+0.099%	$329K	$291K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05033	0.000%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0438%	4h	0.05034	+0.010%	$27K	$84K	5x	as long as short