ZKP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.09 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BloFin0.000%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1201.204% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 3 days (all we have)−0.168%−$17 · spread now 0.000%, 7d avg −0.042%

Together, before fees−0.147%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.042% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZKP-USDT	0.04924	0.0081	pay 0.0041% / 4h	1h 45m	$223K	$36K	40x
Short	Binance ZKPUSDT	0.04924	0.0100	get 0.0050% / 4h	1h 45m	$2.7M	$2.6M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $3.99
Price spread: 0.000% → −0.042%: $4.24
Slippage, 4 orders: −$98.43
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$112.2
Costs to cover: 1.204%
Break-even: 204.1 days

Slippage from BloFin: live order book, 30 min ago; Binance: live order book, 5 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 BloFin live order book, 30 min ago	4.05 bp	31.4 bp −$31	113.8 bp −$1,138	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	2.03 bp	32.8 bp −$33	194.7 bp −$1,947	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-USDTlong	+0.0081%	4h	0.04924	long leg	$223K	$36K	40x
Binance ZKPUSDTshort	+0.0100%	4h	0.04924	0.000%	$2.7M	$2.6M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.04915	−0.183%	$1.2M	$977K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04928	+0.081%	$331K	$528K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04918	−0.122%	$322K	$176K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04924	0.000%	$1.2M	$182K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04919	−0.102%	$575K	$542K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04920	−0.081%	$282K	$251K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04920	−0.081%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0133%	4h	0.04921	−0.061%	$23K	$80K	5x	as long as short