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 −0.080%

Price spread now: Binance against Gate+0.179%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$425as in the Funding arb table

Net, price: spread back to 7d avg − costs−$360as in the Price arb table

costs, in and out, $10k−$3753.750% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.498%−$50 on $10k

Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.179%, 7d avg +0.026%

Together, before fees−0.639%−$64 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 0.152% dearer against Gate than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZKP_USDT	0.05035	0.0100	pay 0.0050% / 4h	24m 13s	$324K	$180K	25x
Short	Binance ZKPUSDT	0.05044	0.0100	get 0.0050% / 4h	24m 13s	$2.7M	$2.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.179%Rate

Funding earned: $0
Price spread: +0.179% → +0.026%: $15.24
Slippage, 4 orders: −$350
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$359.76
Costs to cover: 3.750%
Break-even: never at this rate

Slippage from Gate: live order book, 31 min ago; Binance: live order book, 11 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 Gate live order book, 31 min ago	12.92 bp	259.9 bp −$260	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.00 bp	28.6 bp −$29	234.5 bp −$2,345	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	0.05044	+0.179%	$2.7M	$2.9M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.05033	−0.040%	$1.2M	$1.1M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05040	+0.099%	$322K	$585K	20x	as long as short
Gate ZKP_USDTlong	+0.0100%	4h	0.05035	long leg	$324K	$180K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.05042	+0.139%	$1.2M	$207K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05036	+0.020%	$586K	$515K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05039	+0.079%	$319K	$278K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05041	+0.119%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0115%	4h	0.05052	+0.338%	$217K	$45K	40x	as long as short
Aster ZKPUSDT	+0.0151%	4h	0.05042	+0.139%	$27K	$83K	5x	as long as short