Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Binance against Bybit+0.119%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$2012.014% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 7 days−0.066%−$7 · spread now +0.119%, 7d avg +0.070%

Together, before fees−0.063%−$6 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: Binance is 0.049% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKPUSDT	0.05026	0.0100	pay 0.0050% / 4h	1h 07m	$1.2M	$1.0M	25x
Short	Binance ZKPUSDT	0.05032	0.0100	get 0.0050% / 4h	1h 07m	$2.7M	$2.8M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → +0.070%: $4.9
Slippage, 4 orders: −$180.43
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$196.54
Costs to cover: 2.014%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 13 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 Bybit live order book, 3 min ago	5.97 bp	66.6 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.99 bp	28.7 bp −$29	217.7 bp −$2,177	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	0.05032	+0.119%	$2.7M	$2.8M	40x
Bybit ZKPUSDTlong	+0.0100%	4h	0.05026	long leg	$1.2M	$1.0M	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05032	+0.119%	$333K	$569K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05031	+0.099%	$327K	$189K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05031	+0.099%	$1.2M	$208K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05028	+0.040%	$580K	$524K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05036	+0.199%	$309K	$271K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05030	+0.080%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0120%	4h	0.05035	+0.179%	$215K	$45K	40x	as long as short
Aster ZKPUSDT	+0.0326%	4h	0.05028	+0.050%	$27K	$84K	5x	as long as short