ZKP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.11 per $10,000 · paid last 24h −0.009%

Price spread now: Bybit against BloFin−0.140%82s7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1711.711% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now −0.140%, 7d avg −0.136%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.136%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZKP-USDT	0.05008	0.0078	pay 0.0039% / 4h	3h 21m	$216K	$46K	40x
Short	Bybit ZKPUSDT	0.05001	0.0100	get 0.0050% / 4h	3h 21m	$1.2M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.140%Rate

Funding earned: $4.6
Price spread: −0.140% → −0.136%: −$0.4
Slippage, 4 orders: −$148.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$166.93
Costs to cover: 1.711%
Break-even: 260.8 days

Slippage from BloFin: live order book, 69 min ago; Bybit: live order book, 4 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, 69 min ago	1.98 bp	22.8 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	5.00 bp	73.1 bp −$73	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-USDTlong	+0.0078%	4h	0.05008	long leg	$216K	$46K	40x
Aster ZKPUSDT	+0.0100%	4h	0.05006	−0.046%	$27K	$83K	5x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05006	−0.047%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDTshort	+0.0100%	4h	0.05001	−0.140%	$1.2M	$1.0M	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05008	0.000%	$319K	$560K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05006	−0.040%	$322K	$173K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05005	−0.060%	$1.2M	$208K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05001	−0.140%	$580K	$508K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05005	−0.060%	$316K	$268K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05006	−0.040%	—	$6.6M	—	as long as short