Funding arb · Price arb /

ZKP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Bybit against MEXC−0.238%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1511.511% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days+0.200%+$20 · spread now −0.238%, 7d avg −0.069%

Together, before fees+0.197%+$20 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: Bybit is 0.170% cheaper against MEXC than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZKP_USDT	0.05036	0.0100	pay 0.0050% / 4h	39m 33s	$1.2M	$206K	20x
Short	Bybit ZKPUSDT	0.05024	0.0100	get 0.0050% / 4h	39m 33s	$1.2M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.238%Rate

Funding earned: $0
Price spread: −0.238% → −0.069%: −$16.98
Slippage, 4 orders: −$136.14
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$168.12
Costs to cover: 1.511%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 1 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	2.98 bp	14.2 bp −$14	70.7 bp −$707	363.9 bp −$36.4K	doesn't fit
Sell Bybit live order book, 1 min ago	2.98 bp	57.9 bp −$58	doesn't fit	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
Binance ZKPUSDT	+0.0100%	4h	0.05032	−0.074%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDTshort	+0.0100%	4h	0.05024	−0.238%	$1.2M	$1.0M	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05028	−0.159%	$323K	$581K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05036	0.000%	$324K	$180K	25x	as long as short
MEXC ZKP_USDTlong	+0.0100%	4h	0.05036	long leg	$1.2M	$206K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.05041	+0.099%	$581K	$519K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05032	−0.079%	$319K	$280K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05040	+0.079%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0102%	4h	0.05027	−0.179%	$222K	$45K	40x	as long as short
Aster ZKPUSDT	+0.0207%	4h	0.05044	+0.151%	$27K	$84K	5x	as long as short