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 −0.006%

Price spread now: BingX against MEXC−0.040%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$820.817% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.040%, 7d avg −0.018%

Together, before fees+0.020%+$2 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 0.023% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZKP_USDT	0.04953	0.0100	pay 0.0050% / 4h	40m 54s	$1.2M	$182K	20x
Short	BingX ZKP-USDT	0.04951	0.0100	get 0.0050% / 4h	40m 54s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → −0.018%: −$2.29
Slippage, 4 orders: −$67.66
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$83.94
Costs to cover: 0.817%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 11 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 MEXC live order book, 5 min ago	3.03 bp	10.2 bp −$10	61.6 bp −$616	528.4 bp −$52.8K	doesn't fit
Sell BingX live order book, 11 min ago	4.03 bp	29.8 bp −$30	93.2 bp −$932	1038.2 bp −$103.8K	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	+0.0083%	4h	0.04952	−0.020%	$221K	$37K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04953	0.000%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04943	−0.202%	$1.2M	$983K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04948	−0.101%	$333K	$545K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04951	−0.040%	$326K	$179K	25x	as long as short
MEXC ZKP_USDTlong	+0.0100%	4h	0.04953	long leg	$1.2M	$182K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.04950	−0.061%	$581K	$544K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04952	−0.020%	$287K	$255K	20x	as long as short
BingX ZKP-USDTshort	+0.0100%	4h	0.04951	−0.040%	—	$6.6M	—
Aster ZKPUSDT	+0.0310%	4h	0.04953	+0.009%	$23K	$80K	5x	as long as short