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 +0.085%

Price spread now: Gate against Bybit−0.121%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$353as in the Funding arb table

Net, price: spread back to 7d avg − costs−$421as in the Price arb table

costs, in and out, $10k−$4034.032% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.502%+$50 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.121%, 7d avg +0.059%

Together, before fees+0.608%+$61 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: Gate is 0.180% cheaper against Bybit than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKPUSDT	0.04969	0.0100	pay 0.0050% / 4h	2h 41m	$1.2M	$977K	25x
Short	Gate ZKP_USDT	0.04963	0.0100	get 0.0050% / 4h	2h 41m	$330K	$179K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → +0.059%: −$18
Slippage, 4 orders: −$377.17
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$421.17
Costs to cover: 4.032%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 24 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, 4 min ago	4.04 bp	66.0 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 24 min ago	12.02 bp	42.8 bp −$43	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	0.04973	+0.076%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDTlong	+0.0100%	4h	0.04969	long leg	$1.2M	$977K	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04981	+0.241%	$333K	$579K	20x	as long as short
Gate ZKP_USDTshort	+0.0100%	4h	0.04963	−0.121%	$330K	$179K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.04974	+0.101%	$1.2M	$190K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04972	+0.060%	$584K	$535K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04978	+0.181%	$296K	$263K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04969	0.000%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0128%	4h	0.04958	−0.221%	$215K	$41K	40x	as long as short
Aster ZKPUSDT	+0.0412%	4h	0.04966	−0.055%	$23K	$80K	5x	as long as short