Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Bitget against BingX+0.081%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1371.375% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now +0.081%, 7d avg +0.021%

Together, before fees−0.002%$0 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 0.060% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZKP-USDT	0.04923	0.0100	pay 0.0050% / 4h	1h 27m	—	$6.6M	—
Short	Bitget ZKPUSDT	0.04927	0.0100	get 0.0050% / 4h	1h 27m	$283K	$252K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → +0.021%: $6.05
Slippage, 4 orders: −$115.46
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$131.41
Costs to cover: 1.375%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Bitget: 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 BingX live order book, 10 min ago	6.09 bp	28.3 bp −$28	103.1 bp −$1,031	doesn't fit	doesn't fit
Sell Bitget live order book, 48 min ago	5.07 bp	41.5 bp −$41	299.2 bp −$2,992	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-USDT	+0.0093%	4h	0.04924	+0.020%	$222K	$36K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04926	+0.056%	$2.7M	$2.6M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04921	−0.041%	$1.2M	$976K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04929	+0.122%	$332K	$530K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04922	−0.020%	$323K	$177K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04927	+0.081%	$1.2M	$183K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04925	+0.041%	$579K	$543K	20x	as long as short
Bitget ZKPUSDTshort	+0.0100%	4h	0.04927	+0.081%	$283K	$252K	20x
BingX ZKP-USDTlong	+0.0100%	4h	0.04923	long leg	—	$6.6M	—
Aster ZKPUSDT	+0.0161%	4h	0.04922	−0.020%	$23K	$80K	5x	as long as short