Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.098%

Price spread now: BingX against Gate+0.081%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$319as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2662.656% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.535%−$53 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.081%, 7d avg −0.006%

Together, before fees−0.638%−$64 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: BingX is 0.087% dearer against Gate than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZKP_USDT	0.04958	0.0100	pay 0.0050% / 4h	20m 51s	$327K	$180K	25x
Short	BingX ZKP-USDT	0.04962	0.0100	get 0.0050% / 4h	20m 51s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → −0.006%: $8.71
Slippage, 4 orders: −$240.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$256.92
Costs to cover: 2.656%
Break-even: never at this rate

Slippage from Gate: live order book, 54 min ago; BingX: live order book, 16 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 Gate live order book, 54 min ago	7.10 bp	171.9 bp −$172	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	3.02 bp	27.9 bp −$28	92.5 bp −$925	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	+0.0052%	4h	0.04972	+0.282%	$215K	$37K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04967	+0.180%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04960	+0.040%	$1.2M	$982K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04968	+0.202%	$332K	$548K	20x	as long as short
Gate ZKP_USDTlong	+0.0100%	4h	0.04958	long leg	$327K	$180K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.04967	+0.182%	$1.2M	$183K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04961	+0.061%	$581K	$543K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04967	+0.182%	$290K	$255K	20x	as long as short
BingX ZKP-USDTshort	+0.0100%	4h	0.04962	+0.081%	—	$6.6M	—
Aster ZKPUSDT	+0.0217%	4h	0.04963	+0.094%	$23K	$80K	5x	as long as short