Funding arb · Price arb /

ZKP

all ZKP markets

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 +0.004%

Price spread now: MEXC against Bybit+0.100%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1591.591% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.100%, 7d avg +0.069%

Together, before fees−0.032%−$3 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: MEXC is 0.031% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKPUSDT	0.05003	0.0100	pay 0.0050% / 4h	3h 18m	$1.2M	$1.0M	25x
Short	MEXC ZKP_USDT	0.05008	0.0100	get 0.0050% / 4h	3h 18m	$1.2M	$208K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → +0.069%: $3.11
Slippage, 4 orders: −$144.09
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$155.98
Costs to cover: 1.591%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; MEXC: 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 Bybit live order book, 2 min ago	4.99 bp	55.7 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.00 bp	16.0 bp −$16	70.8 bp −$708	370.8 bp −$37.1K	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
Aster ZKPUSDT	+0.0100%	4h	0.05006	+0.062%	$27K	$83K	5x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05008	+0.103%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDTlong	+0.0100%	4h	0.05003	long leg	$1.2M	$1.0M	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05009	+0.120%	$319K	$560K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05007	+0.080%	$323K	$173K	25x	as long as short
MEXC ZKP_USDTshort	+0.0100%	4h	0.05008	+0.100%	$1.2M	$208K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.05007	+0.080%	$582K	$508K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05010	+0.140%	$317K	$268K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05007	+0.080%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0112%	4h	0.05014	+0.220%	$217K	$46K	40x	as long as short