Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Bitget against Bybit+0.259%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$200as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$2001.999% of the position

Long on Bybit Short on Bitget

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)−0.457%−$46 · spread now +0.259%, 7d avg +0.082%

Together, before fees−0.453%−$45 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: Bitget is 0.177% dearer against Bybit than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKPUSDT	0.05010	0.0100	pay 0.0050% / 4h	3h 32m	$1.2M	$1.0M	25x
Short	Bitget ZKPUSDT	0.05023	0.0100	get 0.0050% / 4h	3h 32m	$320K	$294K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.259%Rate

Funding earned: $0
Price spread: +0.259% → +0.082%: $17.7
Slippage, 4 orders: −$176.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$182.24
Costs to cover: 1.999%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 58 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 Bybit live order book, 3 min ago	4.98 bp	69.8 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 58 min ago	6.97 bp	43.7 bp −$44	216.7 bp −$2,167	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	+0.0057%	4h	0.05023	+0.259%	$213K	$49K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05021	+0.219%	$2.7M	$3.0M	40x	as long as short
Bybit ZKPUSDTlong	+0.0100%	4h	0.05010	long leg	$1.2M	$1.0M	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05014	+0.080%	$314K	$589K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05023	+0.259%	$317K	$184K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05019	+0.180%	$1.2M	$212K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05020	+0.200%	$586K	$485K	20x	as long as short
Bitget ZKPUSDTshort	+0.0100%	4h	0.05023	+0.259%	$320K	$294K	20x
BingX ZKP-USDT	+0.0100%	4h	0.05020	+0.200%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0374%	4h	0.05024	+0.274%	$27K	$84K	5x	as long as short