Funding arb · Price arb /

ZKP

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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 −0.003%

Price spread now: BingX against Bitget+0.060%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1271.274% of the position

Long on Bitget 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 4 days (all we have)−0.082%−$8 · spread now +0.060%, 7d avg −0.023%

Together, before fees−0.124%−$12 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 0.083% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKPUSDT	0.05005	0.0100	pay 0.0050% / 4h	19m 58s	$307K	$273K	20x
Short	BingX ZKP-USDT	0.05008	0.0100	get 0.0050% / 4h	19m 58s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.023%: $8.26
Slippage, 4 orders: −$105.41
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$119.15
Costs to cover: 1.274%
Break-even: never at this rate

Slippage from Bitget: live order book, 10 min ago; BingX: live order book, 7 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 Bitget live order book, 10 min ago	6.97 bp	25.9 bp −$26	446.5 bp −$4,465	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	5.98 bp	31.0 bp −$31	96.1 bp −$961	1202.3 bp −$120.2K	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	0.05011	+0.112%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.05001	−0.080%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05008	+0.060%	$315K	$579K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05007	+0.040%	$317K	$191K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05009	+0.080%	$1.2M	$212K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05005	0.000%	$578K	$488K	20x	as long as short
Bitget ZKPUSDTlong	+0.0100%	4h	0.05005	long leg	$307K	$273K	20x
BingX ZKP-USDTshort	+0.0100%	4h	0.05008	+0.060%	—	$6.6M	—
BloFin ZKP-USDT	+0.0138%	4h	0.05012	+0.140%	$217K	$48K	40x	as long as short
Aster ZKPUSDT	+0.0374%	4h	0.05012	+0.137%	$27K	$84K	5x	as long as short