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 +0.098%

Price spread now: Gate against BingX−0.020%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$275as in the Funding arb table

Net, price: spread back to 7d avg − costs−$331as in the Price arb table

costs, in and out, $10k−$3283.281% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.535%+$53 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.020%, 7d avg +0.008%

Together, before fees+0.577%+$58 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: Gate is 0.028% cheaper against BingX than usual: you would sell low and buy high, −$3 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	BingX ZKP-USDT	0.04923	0.0100	pay 0.0050% / 4h	2h 09m	—	$6.6M	—
Short	Gate ZKP_USDT	0.04922	0.0100	get 0.0050% / 4h	2h 09m	$322K	$175K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → +0.008%: −$2.84
Slippage, 4 orders: −$303.13
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$330.96
Costs to cover: 3.281%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Gate: live order book, 11 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, 12 min ago	4.05 bp	25.5 bp −$26	101.2 bp −$1,012	doesn't fit	doesn't fit
Sell Gate live order book, 11 min ago	13.20 bp	38.6 bp −$39	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
BloFin ZKP-USDT	+0.0049%	4h	0.04929	+0.122%	$227K	$36K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04926	+0.061%	$2.7M	$2.6M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04921	−0.041%	$1.2M	$986K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04925	+0.041%	$330K	$528K	20x	as long as short
Gate ZKP_USDTshort	+0.0100%	4h	0.04922	−0.020%	$322K	$175K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.04926	+0.061%	$1.2M	$210K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04921	−0.041%	$574K	$541K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04925	+0.041%	$287K	$251K	20x	as long as short
BingX ZKP-USDTlong	+0.0100%	4h	0.04923	long leg	—	$6.6M	—
Aster ZKPUSDT	+0.0223%	4h	0.04925	+0.037%	$23K	$80K	5x	as long as short