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 +0.080%

Price spread now: Gate against Binance−0.121%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$288as in the Price arb table

costs, in and out, $10k−$2782.781% of the position

Long on Binance Short on Gate

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)+0.129%+$13 · spread now −0.121%, 7d avg −0.024%

Together, before fees+0.627%+$63 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: Gate is 0.097% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKPUSDT	0.04979	0.0100	pay 0.0050% / 4h	3h 30m	$2.7M	$2.7M	40x
Short	Gate ZKP_USDT	0.04973	0.0100	get 0.0050% / 4h	3h 30m	$332K	$180K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → −0.024%: −$9.7
Slippage, 4 orders: −$253.12
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$287.82
Costs to cover: 2.781%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Gate: live order book, 39 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, 5 min ago	1.00 bp	25.5 bp −$26	315.5 bp −$3,155	doesn't fit	doesn't fit
Sell Gate live order book, 39 min ago	12.05 bp	39.5 bp −$40	doesn't fit	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	+0.0098%	4h	0.04978	−0.020%	$221K	$37K	40x	as long as short
Binance ZKPUSDTlong	+0.0100%	4h	0.04979	long leg	$2.7M	$2.7M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.04971	−0.161%	$1.2M	$969K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04980	+0.020%	$331K	$553K	20x	as long as short
Gate ZKP_USDTshort	+0.0100%	4h	0.04973	−0.121%	$332K	$180K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.04979	0.000%	$1.2M	$188K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04978	−0.020%	$582K	$538K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04980	+0.020%	$294K	$258K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04977	−0.040%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0282%	4h	0.04975	−0.087%	$24K	$80K	5x	as long as short