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 0.000%

Price spread now: Binance against MEXC+0.052%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$760.762% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.059%−$6 · spread now +0.052%, 7d avg +0.003%

Together, before fees−0.059%−$6 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 0.049% dearer against MEXC than usual: you sell high and buy low, +$5 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	MEXC ZKP_USDT	0.04990	0.0100	pay 0.0050% / 4h	2h 15m	$1.2M	$210K	20x
Short	Binance ZKPUSDT	0.04993	0.0100	get 0.0050% / 4h	2h 15m	$2.7M	$2.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.003%: $4.87
Slippage, 4 orders: −$62.21
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$71.33
Costs to cover: 0.762%
Break-even: never at this rate

Slippage from MEXC: live order book, just now; Binance: live order book, 5 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 MEXC live order book, just now	3.00 bp	11.0 bp −$11	58.2 bp −$582	399.4 bp −$39.9K	doesn't fit
Sell Binance live order book, 5 min ago	2.01 bp	29.4 bp −$29	158.2 bp −$1,582	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	+0.0099%	4h	0.04982	−0.160%	$208K	$47K	40x	as long as short
Aster ZKPUSDT	+0.0100%	4h	0.04993	+0.060%	$26K	$83K	5x	as long as short
Binance ZKPUSDTshort	+0.0100%	4h	0.04993	+0.052%	$2.7M	$2.9M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.04981	−0.180%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04992	+0.040%	$317K	$574K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04973	−0.341%	$314K	$181K	25x	as long as short
MEXC ZKP_USDTlong	+0.0100%	4h	0.04990	long leg	$1.2M	$210K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.04984	−0.120%	$576K	$501K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04985	−0.100%	$301K	$278K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04993	+0.060%	—	$6.6M	—	as long as short