Funding you earn now, next payment 04:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.30 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against Binance−0.160%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$990.994% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.660%+$66 · spread now −0.160%, 7d avg +0.041%
=Funding pays, the price is against you. BloFin is 0.201% cheaper against Binance than usual: you would sell low and buy high (spread −0.160% now, against its 7-day average of +0.041%). If the spread goes back, that is −$20 on $10k: about 11 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZKPUSDT | 0.05010 | 0.0100 | pay 0.0050% / 4h | 1h 30m | $2.7M | $2.8M | 40x |
| Short | BloFin ZKP-USDT | 0.05002 | 0.0159 | get 0.0080% / 4h | 1h 30m | $215K | $45K | 40x |
Binance ZKPUSDT
BloFin ZKP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $12.48
- Price spread: −0.160% → +0.041%
- −$20.11
- Slippage, 4 orders
- −$77.44
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$107.07
- Costs to cover
- 0.994%
- Break-even
- 67.0 days
Slippage from Binance: live order book, 5 min ago; BloFin: live order book, 8 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, 5 min ago | 3.00 bp | 28.7 bp −$29 | 324.4 bp −$3,244 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 8 min ago | 2.00 bp | 20.3 bp −$20 | 84.5 bp −$845 | 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 | 0.05010 | long leg | $2.7M | $2.8M | 40x | |
| Bybit ZKPUSDT | +0.0100% | 4h | 0.05001 | −0.180% | $1.2M | $1.0M | 25x | as long as short |
| OKX ZKP-USDT-SWAP | +0.0100% | 4h | 0.05012 | +0.040% | $333K | $572K | 20x | as long as short |
| Gate ZKP_USDT | +0.0100% | 4h | 0.05003 | −0.140% | $327K | $188K | 25x | as long as short |
| MEXC ZKP_USDT | +0.0100% | 4h | 0.05012 | +0.040% | $1.2M | $206K | 20x | as long as short |
| KuCoin ZKPUSDTM | +0.0100% | 4h | 0.05006 | −0.080% | $577K | $528K | 20x | as long as short |
| Bitget ZKPUSDT | +0.0100% | 4h | 0.05001 | −0.180% | $307K | $276K | 20x | as long as short |
| BingX ZKP-USDT | +0.0100% | 4h | 0.05008 | −0.040% | — | $6.6M | — | as long as short |
| BloFin ZKP-USDTshort | +0.0159% | 4h | 0.05002 | −0.160% | $215K | $45K | 40x | |
| Aster ZKPUSDT | +0.0233% | 4h | 0.05004 | −0.117% | $27K | $84K | 5x | as long as short |
Bybit ZKPUSDT
OKX ZKP-USDT-SWAP
Gate ZKP_USDT
MEXC ZKP_USDT
KuCoin ZKPUSDTM
Bitget ZKPUSDT
BingX ZKP-USDT
Aster ZKPUSDT