ZKP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h +0.005%

Price spread now: BloFin against MEXC+0.099%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$750.749% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now +0.099%, 7d avg +0.053%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.046% dearer against MEXC than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.053%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 7 days (−0.013% in total) that is about 25 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZKP_USDT	0.05043	0.0100	pay 0.0050% / 4h	3h 42m	$1.2M	$207K	20x
Short	BloFin ZKP-USDT	0.05048	0.0072	get 0.0036% / 4h	3h 42m	$218K	$46K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$5.86
Price spread: +0.099% → +0.053%: $4.64
Slippage, 4 orders: −$58.9
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$76.13
Costs to cover: 0.749%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BloFin: live order book, 48 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, 3 min ago	2.98 bp	15.7 bp −$16	73.1 bp −$731	464.3 bp −$46.4K	doesn't fit
Sell BloFin live order book, 48 min ago	1.98 bp	21.9 bp −$22	120.4 bp −$1,204	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-USDTshort	+0.0072%	4h	0.05048	+0.099%	$218K	$46K	40x
Binance ZKPUSDT	+0.0100%	4h	0.05041	−0.045%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.05038	−0.099%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05040	−0.059%	$321K	$570K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05037	−0.119%	$325K	$173K	25x	as long as short
MEXC ZKP_USDTlong	+0.0100%	4h	0.05043	long leg	$1.2M	$207K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.05043	0.000%	$585K	$508K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05044	+0.020%	$319K	$271K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05040	−0.059%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0126%	4h	0.05042	−0.020%	$27K	$83K	5x	as long as short