Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin−0.220%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$496as in the Funding arb table

Net, price: spread back to 7d avg − costs−$524as in the Price arb table

costs, in and out, $10k−$4964.960% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.286%+$29 · spread now −0.220%, 7d avg +0.056%

Together, before fees+0.286%+$29 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 0.275% cheaper against KuCoin than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKPUSDTM	0.05003	0.0100	pay 0.0050% / 4h	1h 04m	$577K	$521K	20x
Short	MEXC ZKP_USDT	0.04992	0.0100	get 0.0050% / 4h	1h 04m	$1.2M	$208K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.220%Rate

Funding earned: $0
Price spread: −0.220% → +0.056%: −$27.55
Slippage, 4 orders: −$479.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$523.5
Costs to cover: 4.960%
Break-even: never at this rate

Slippage from KuCoin: live order book, 18 min ago; MEXC: live order book, 1 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 KuCoin live order book, 18 min ago	12.93 bp	253.7 bp −$254	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.00 bp	14.4 bp −$14	76.1 bp −$761	400.8 bp −$40.1K	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	+0.0076%	4h	0.05034	+0.620%	$219K	$45K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04999	−0.080%	$2.7M	$2.8M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04990	−0.260%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04996	−0.140%	$325K	$573K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05012	+0.180%	$326K	$190K	25x	as long as short
MEXC ZKP_USDTshort	+0.0100%	4h	0.04992	−0.220%	$1.2M	$208K	20x
KuCoin ZKPUSDTMlong	+0.0100%	4h	0.05003	long leg	$577K	$521K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.05000	−0.060%	$309K	$273K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05005	+0.040%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0300%	4h	0.05003	+0.003%	$27K	$84K	5x	as long as short