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 0.000%

Price spread now: Bitget against MEXC+0.040%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1011.014% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.040%, 7d avg +0.003%

Together, before fees+0.015%+$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: Bitget is 0.037% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZKP_USDT	0.05004	0.0100	pay 0.0050% / 4h	1h 54m	$1.2M	$208K	20x
Short	Bitget ZKPUSDT	0.05006	0.0100	get 0.0050% / 4h	1h 54m	$305K	$274K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.003%: $3.67
Slippage, 4 orders: −$85.44
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$97.77
Costs to cover: 1.014%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bitget: live order book, 46 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, 2 min ago	2.00 bp	14.7 bp −$15	66.0 bp −$660	377.1 bp −$37.7K	doesn't fit
Sell Bitget live order book, 46 min ago	6.05 bp	31.7 bp −$32	244.4 bp −$2,444	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	+0.0085%	4h	0.05007	+0.060%	$212K	$48K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05003	−0.030%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04997	−0.140%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04997	−0.140%	$316K	$577K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05006	+0.040%	$316K	$179K	25x	as long as short
MEXC ZKP_USDTlong	+0.0100%	4h	0.05004	long leg	$1.2M	$208K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.05001	−0.060%	$579K	$497K	20x	as long as short
Bitget ZKPUSDTshort	+0.0100%	4h	0.05006	+0.040%	$305K	$274K	20x
BingX ZKP-USDT	+0.0100%	4h	0.05002	−0.040%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0286%	4h	0.05003	−0.018%	$27K	$83K	5x	as long as short