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 +0.002%

Price spread now: Bybit against BingX−0.020%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$205as in the Price arb table

costs, in and out, $10k−$2082.080% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days−0.014%−$1 · spread now −0.020%, 7d avg −0.051%

Together, before fees+0.025%+$2 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: Bybit is 0.030% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZKP-USDT	0.04961	0.0100	pay 0.0050% / 4h	21m 54s	—	$6.6M	—
Short	Bybit ZKPUSDT	0.04960	0.0100	get 0.0050% / 4h	21m 54s	$1.2M	$982K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.051%: $3.04
Slippage, 4 orders: −$187.04
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$205
Costs to cover: 2.080%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; Bybit: live order book, 4 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 BingX live order book, 15 min ago	3.02 bp	28.9 bp −$29	117.8 bp −$1,178	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	5.05 bp	78.0 bp −$78	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	+0.0070%	4h	0.04964	+0.060%	$219K	$37K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04972	+0.220%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDTshort	+0.0100%	4h	0.04960	−0.020%	$1.2M	$982K	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04973	+0.242%	$333K	$548K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04958	−0.060%	$327K	$180K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04973	+0.242%	$1.2M	$182K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04958	−0.060%	$582K	$543K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04967	+0.121%	$290K	$255K	20x	as long as short
BingX ZKP-USDTlong	+0.0100%	4h	0.04961	long leg	—	$6.6M	—
Aster ZKPUSDT	+0.0217%	4h	0.04962	+0.021%	$23K	$80K	5x	as long as short