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 −0.061%

Price spread now: MEXC against Gate−0.061%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$240as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$1931.932% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.468%−$47 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.061%, 7d avg +0.016%

Together, before fees−0.430%−$43 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 0.076% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZKP_USDT	0.04932	0.0100	pay 0.0050% / 4h	1h 27m	$312K	$168K	25x
Short	MEXC ZKP_USDT	0.04929	0.0100	get 0.0050% / 4h	1h 27m	$1.2M	$215K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → +0.016%: −$7.64
Slippage, 4 orders: −$174.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$200.88
Costs to cover: 1.932%
Break-even: never at this rate

Slippage from Gate: live order book, 16 min ago; MEXC: live order book, 2 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, 16 min ago	16.04 bp	124.7 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.01 bp	10.6 bp −$11	62.5 bp −$625	305.8 bp −$30.6K	doesn't fit

ZKP on 10 exchanges

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	0.04934	+0.038%	$26K	$55K	5x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04932	−0.008%	$2.6M	$2.6M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04921	−0.223%	$1.1M	$839K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04927	−0.101%	$301K	$516K	20x	as long as short
Gate ZKP_USDTlong	+0.0100%	4h	0.04932	long leg	$312K	$168K	25x
MEXC ZKP_USDTshort	+0.0100%	4h	0.04929	−0.061%	$1.2M	$215K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.04932	0.000%	$573K	$458K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04932	0.000%	$318K	$262K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04929	−0.061%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0133%	4h	0.04935	+0.061%	$225K	$50K	40x	as long as short