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: MEXC against Binance−0.277%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$870.868% of the position

Long on Binance 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 7 days+0.284%+$28 · spread now −0.277%, 7d avg −0.003%

Together, before fees+0.284%+$28 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 0.274% cheaper against Binance than usual: you would sell low and buy high, −$27 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	Binance ZKPUSDT	0.05055	0.0100	pay 0.0050% / 4h	4m 40s	$2.7M	$2.9M	40x
Short	MEXC ZKP_USDT	0.05041	0.0100	get 0.0050% / 4h	4m 40s	$1.2M	$213K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.277%Rate

Funding earned: $0
Price spread: −0.277% → −0.003%: −$27.35
Slippage, 4 orders: −$72.84
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$114.19
Costs to cover: 0.868%
Break-even: never at this rate

Slippage from Binance: live order book, 16 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 Binance live order book, 16 min ago	1.00 bp	25.3 bp −$25	300.8 bp −$3,008	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.98 bp	19.0 bp −$19	78.4 bp −$784	489.8 bp −$49.0K	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	+0.0085%	4h	0.05041	−0.277%	$213K	$49K	40x	as long as short
Binance ZKPUSDTlong	+0.0100%	4h	0.05055	long leg	$2.7M	$2.9M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.05056	+0.020%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05056	+0.020%	$317K	$588K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05030	−0.495%	$318K	$191K	25x	as long as short
MEXC ZKP_USDTshort	+0.0100%	4h	0.05041	−0.277%	$1.2M	$213K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.05055	0.000%	$586K	$488K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05035	−0.396%	$309K	$270K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05034	−0.415%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0468%	4h	0.05051	−0.084%	$27K	$84K	5x	as long as short