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 +0.005%

Price spread now: MEXC against BingX+0.060%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$740.737% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.060%, 7d avg +0.018%

Together, before fees−0.040%−$4 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 0.043% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZKP-USDT	0.04980	0.0100	pay 0.0050% / 4h	3h 52m	—	$6.6M	—
Short	MEXC ZKP_USDT	0.04983	0.0100	get 0.0050% / 4h	3h 52m	$1.2M	$185K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.018%: $4.27
Slippage, 4 orders: −$59.69
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$69.42
Costs to cover: 0.737%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; MEXC: 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, 5 min ago	4.00 bp	19.3 bp −$19	100.4 bp −$1,004	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.00 bp	12.0 bp −$12	73.4 bp −$734	495.6 bp −$49.6K	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
Binance ZKPUSDT	+0.0100%	4h	0.04983	+0.060%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04969	−0.221%	$1.2M	$976K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04979	−0.020%	$331K	$551K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04981	+0.020%	$329K	$178K	25x	as long as short
MEXC ZKP_USDTshort	+0.0100%	4h	0.04983	+0.060%	$1.2M	$185K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.04975	−0.100%	$585K	$540K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04982	+0.040%	$297K	$257K	20x	as long as short
BingX ZKP-USDTlong	+0.0100%	4h	0.04980	long leg	—	$6.6M	—
BloFin ZKP-USDT	+0.0135%	4h	0.04977	−0.060%	$224K	$37K	40x	as long as short
Aster ZKPUSDT	+0.0234%	4h	0.04981	+0.011%	$24K	$80K	5x	as long as short