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 −0.004%

Price spread now: Bybit against Binance−0.100%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

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

costs, in and out, $10k−$1661.657% of the position

Long on Binance 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+0.036%+$4 · spread now −0.100%, 7d avg −0.073%

Together, before fees+0.032%+$3 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 0.026% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKPUSDT	0.05006	0.0100	pay 0.0050% / 4h	20m 44s	$2.7M	$2.9M	40x
Short	Bybit ZKPUSDT	0.05001	0.0100	get 0.0050% / 4h	20m 44s	$1.2M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → −0.073%: −$2.65
Slippage, 4 orders: −$144.65
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$168.3
Costs to cover: 1.657%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 10 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, 15 min ago	1.00 bp	22.6 bp −$23	282.0 bp −$2,820	doesn't fit	doesn't fit
Sell Bybit live order book, 10 min ago	5.00 bp	65.7 bp −$66	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 ZKPUSDTlong	+0.0100%	4h	0.05006	long leg	$2.7M	$2.9M	40x
Bybit ZKPUSDTshort	+0.0100%	4h	0.05001	−0.100%	$1.2M	$1.0M	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05004	−0.040%	$314K	$578K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05008	+0.040%	$317K	$191K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05004	−0.040%	$1.2M	$212K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05005	−0.020%	$578K	$488K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05005	−0.020%	$307K	$273K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05005	−0.020%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0138%	4h	0.05012	+0.120%	$217K	$48K	40x	as long as short
Aster ZKPUSDT	+0.0374%	4h	0.05013	+0.139%	$27K	$84K	5x	as long as short