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 0.000%

Price spread now: Bitget against Binance+0.041%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1341.340% of the position

Long on Binance 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)−0.106%−$11 · spread now +0.041%, 7d avg −0.008%

Together, before fees−0.107%−$11 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 0.049% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKPUSDT	0.05050	0.0100	pay 0.0050% / 4h	3h 00m	$2.7M	$2.9M	40x
Short	Bitget ZKPUSDT	0.05052	0.0100	get 0.0050% / 4h	3h 00m	$324K	$286K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.008%: $4.86
Slippage, 4 orders: −$111.95
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$129.1
Costs to cover: 1.340%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Bitget: live order book, 24 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 Binance live order book, 4 min ago	1.98 bp	21.2 bp −$21	306.9 bp −$3,069	doesn't fit	doesn't fit
Sell Bitget live order book, 24 min ago	6.97 bp	48.0 bp −$48	278.4 bp −$2,784	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 ZKPUSDTlong	+0.0100%	4h	0.05050	long leg	$2.7M	$2.9M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.05037	−0.256%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05046	−0.078%	$315K	$581K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05045	−0.098%	$320K	$185K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05049	−0.019%	$1.2M	$217K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05043	−0.138%	$593K	$473K	20x	as long as short
Bitget ZKPUSDTshort	+0.0100%	4h	0.05052	+0.041%	$324K	$286K	20x
BingX ZKP-USDT	+0.0100%	4h	0.05043	−0.138%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0109%	4h	0.05056	+0.120%	$213K	$49K	40x	as long as short
Aster ZKPUSDT	+0.0335%	4h	0.05049	−0.019%	$27K	$78K	5x	as long as short