Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: BingX against Binance−0.040%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1021.016% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.040%, 7d avg −0.017%

Together, before fees−0.014%−$1 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 0.023% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKPUSDT	0.04976	0.0100	pay 0.0050% / 4h	19m 04s	$2.7M	$2.7M	40x
Short	BingX ZKP-USDT	0.04974	0.0100	get 0.0050% / 4h	19m 04s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → −0.017%: −$2.28
Slippage, 4 orders: −$81.61
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$103.88
Costs to cover: 1.016%
Break-even: never at this rate

Slippage from Binance: live order book, 16 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 Binance live order book, 16 min ago	3.02 bp	23.4 bp −$23	267.2 bp −$2,672	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	5.03 bp	27.0 bp −$27	94.4 bp −$944	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	+0.0054%	4h	0.04972	−0.080%	$215K	$37K	40x	as long as short
Binance ZKPUSDTlong	+0.0100%	4h	0.04976	long leg	$2.7M	$2.7M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.04967	−0.181%	$1.2M	$982K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04978	+0.040%	$333K	$549K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04965	−0.221%	$328K	$180K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04975	−0.020%	$1.2M	$183K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04966	−0.201%	$582K	$543K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04977	+0.020%	$292K	$256K	20x	as long as short
BingX ZKP-USDTshort	+0.0100%	4h	0.04974	−0.040%	—	$6.6M	—
Aster ZKPUSDT	+0.0229%	4h	0.04973	−0.060%	$24K	$80K	5x	as long as short