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: Bitget against Bybit+0.161%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$2032.033% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.161%, 7d avg +0.077%

Together, before fees−0.187%−$19 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: Bitget is 0.084% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKPUSDT	0.04971	0.0100	pay 0.0050% / 4h	3h 34m	$1.2M	$969K	25x
Short	Bitget ZKPUSDT	0.04979	0.0100	get 0.0050% / 4h	3h 34m	$294K	$258K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → +0.077%: $8.38
Slippage, 4 orders: −$180.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$194.9
Costs to cover: 2.033%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 31 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, 2 min ago	5.03 bp	72.3 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 31 min ago	7.02 bp	33.3 bp −$33	248.3 bp −$2,483	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 ZKPUSDT	+0.0100%	4h	0.04978	+0.141%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDTlong	+0.0100%	4h	0.04971	long leg	$1.2M	$969K	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04980	+0.181%	$331K	$553K	20x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04978	+0.141%	$1.2M	$188K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04977	+0.121%	$583K	$538K	20x	as long as short
Bitget ZKPUSDTshort	+0.0100%	4h	0.04979	+0.161%	$294K	$258K	20x
BingX ZKP-USDT	+0.0100%	4h	0.04976	+0.101%	—	$6.6M	—	as long as short
Gate ZKP_USDT	+0.0122%	4h	0.04973	+0.040%	$332K	$180K	25x	as long as short
BloFin ZKP-USDT	+0.0142%	4h	0.04975	+0.080%	$222K	$37K	40x	as long as short
Aster ZKPUSDT	+0.0283%	4h	0.04975	+0.075%	$24K	$80K	5x	as long as short