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 +0.056%

Price spread now: Gate against BloFin−0.139%48s7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as 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−$1941.940% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.511%+$51 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.139%, 7d avg −0.072%

Together, before fees+0.559%+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.067% cheaper against BloFin than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of −0.072%). If the spread goes back, that is −$7 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.511% in total) that is about 22 hours. The two prices were read 48 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	0.05029	0.0078	pay 0.0039% / 4h	1h 02m	$214K	$48K	40x
Short	Gate ZKP_USDT	0.05022	0.0100	get 0.0050% / 4h	1h 02m	$320K	$190K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.139%Rate

Funding earned: $4.53
Price spread: −0.139% → −0.072%: −$6.75
Slippage, 4 orders: −$167.03
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$196.25
Costs to cover: 1.940%
Break-even: 310.3 days

Slippage from BloFin: live order book, 9 min ago; Gate: live order book, 38 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, 9 min ago	1.00 bp	16.2 bp −$16	90.7 bp −$907	doesn't fit	doesn't fit
Sell Gate live order book, 38 min ago	18.00 bp	111.7 bp −$112	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	0.05029	long leg	$214K	$48K	40x
Binance ZKPUSDT	+0.0100%	4h	0.05026	−0.053%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.05020	−0.179%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05027	−0.040%	$316K	$584K	20x	as long as short
Gate ZKP_USDTshort	+0.0100%	4h	0.05022	−0.139%	$320K	$190K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.05025	−0.080%	$1.2M	$213K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05019	−0.199%	$583K	$493K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05030	+0.020%	$310K	$272K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05022	−0.139%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0339%	4h	0.05020	−0.188%	$27K	$84K	5x	as long as short