Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h +0.008%
Price spread now: BloFin against BingX−0.080%7-day average +0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1071.074% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)+0.248%+$25 · spread now −0.080%, 7d avg +0.074%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.154% cheaper against BingX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.074%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ZKP-USDT | 0.05006 | 0.0100 | pay 0.0050% / 4h | 1h 49m | — | $6.6M | — |
| Short | BloFin ZKP-USDT | 0.05002 | 0.0082 | get 0.0041% / 4h | 1h 49m | $214K | $48K | 40x |
BingX ZKP-USDT
BloFin ZKP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$3.79
- Price spread: −0.080% → +0.074%
- −$15.43
- Slippage, 4 orders
- −$85.42
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$126.65
- Costs to cover
- 1.074%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 26 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, 3 min ago | 7.00 bp | 30.2 bp −$30 | 113.4 bp −$1,134 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 26 min ago | 2.00 bp | 28.4 bp −$28 | 91.0 bp −$910 | 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-USDTshort | +0.0082% | 4h | 0.05002 | −0.080% | $214K | $48K | 40x | |
| Binance ZKPUSDT | +0.0100% | 4h | 0.05011 | +0.100% | $2.7M | $2.9M | 40x | as long as short |
| Bybit ZKPUSDT | +0.0100% | 4h | 0.05001 | −0.100% | $1.2M | $1.0M | 25x | as long as short |
| OKX ZKP-USDT-SWAP | +0.0100% | 4h | 0.05010 | +0.080% | $316K | $581K | 20x | as long as short |
| Gate ZKP_USDT | +0.0100% | 4h | 0.05007 | +0.020% | $316K | $179K | 25x | as long as short |
| MEXC ZKP_USDT | +0.0100% | 4h | 0.05012 | +0.120% | $1.2M | $210K | 20x | as long as short |
| KuCoin ZKPUSDTM | +0.0100% | 4h | 0.05002 | −0.080% | $579K | $498K | 20x | as long as short |
| Bitget ZKPUSDT | +0.0100% | 4h | 0.05013 | +0.140% | $306K | $274K | 20x | as long as short |
| BingX ZKP-USDTlong | +0.0100% | 4h | 0.05006 | long leg | — | $6.6M | — | |
| Aster ZKPUSDT | +0.0266% | 4h | 0.05006 | +0.008% | $27K | $83K | 5x | as long as short |
Binance ZKPUSDT
Bybit ZKPUSDT
OKX ZKP-USDT-SWAP
Gate ZKP_USDT
MEXC ZKP_USDT
KuCoin ZKPUSDTM
Bitget ZKPUSDT
Aster ZKPUSDT