ZKP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.17 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BloFin−0.195%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1201.204% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.195%, 7d avg −0.042%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.153% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZKP-USDT	0.04927	0.0135	pay 0.0067% / 4h	1h 49m	$224K	$36K	40x
Short	Binance ZKPUSDT	0.04917	0.0100	get 0.0050% / 4h	1h 49m	$2.7M	$2.6M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.195%Rate

Funding earned: −$7.33
Price spread: −0.195% → −0.042%: −$15.29
Slippage, 4 orders: −$98.43
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$143.04
Costs to cover: 1.204%
Break-even: never at this rate

Slippage from BloFin: live order book, 26 min ago; Binance: live order book, 1 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 BloFin live order book, 26 min ago	4.05 bp	31.4 bp −$31	113.8 bp −$1,138	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	2.03 bp	32.8 bp −$33	194.7 bp −$1,947	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 ZKPUSDTshort	+0.0100%	4h	0.04917	−0.195%	$2.7M	$2.6M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.04910	−0.345%	$1.2M	$981K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04920	−0.142%	$331K	$527K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04917	−0.203%	$321K	$176K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04916	−0.223%	$1.2M	$182K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04917	−0.203%	$576K	$543K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04917	−0.203%	$282K	$251K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04915	−0.244%	—	$6.6M	—	as long as short
BloFin ZKP-USDTlong	+0.0135%	4h	0.04927	long leg	$224K	$36K	40x
Aster ZKPUSDT	+0.0154%	4h	0.04919	−0.162%	$23K	$80K	5x	as long as short