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 −0.004%

Price spread now: Bybit against Bitget−0.119%7-day average −0.077% · 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−$232as in the Price arb table

costs, in and out, $10k−$2282.275% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.240%+$24 · spread now −0.119%, 7d avg −0.077%

Together, before fees+0.236%+$24 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 0.042% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKPUSDT	0.05041	0.0100	pay 0.0050% / 4h	22m 41s	$319K	$278K	20x
Short	Bybit ZKPUSDT	0.05035	0.0100	get 0.0050% / 4h	22m 41s	$1.2M	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.077%: −$4.2
Slippage, 4 orders: −$204.53
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$231.73
Costs to cover: 2.275%
Break-even: never at this rate

Slippage from Bitget: live order book, 27 min ago; Bybit: live order book, 3 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, 27 min ago	5.99 bp	56.6 bp −$57	654.6 bp −$6,546	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.96 bp	74.1 bp −$74	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
Binance ZKPUSDT	+0.0100%	4h	0.05042	+0.030%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDTshort	+0.0100%	4h	0.05035	−0.119%	$1.2M	$1.1M	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05038	−0.060%	$322K	$585K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05035	−0.119%	$324K	$180K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05042	+0.020%	$1.2M	$207K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05036	−0.099%	$584K	$516K	20x	as long as short
Bitget ZKPUSDTlong	+0.0100%	4h	0.05041	long leg	$319K	$278K	20x
BingX ZKP-USDT	+0.0100%	4h	0.05039	−0.040%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0125%	4h	0.05044	+0.060%	$216K	$45K	40x	as long as short
Aster ZKPUSDT	+0.0160%	4h	0.05042	+0.020%	$27K	$83K	5x	as long as short