Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.061%

Price spread now: Bitget against Gate+0.258%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$456as in the Funding arb table

Net, price: spread back to 7d avg − costs−$382as in the Price arb table

costs, in and out, $10k−$4064.063% of the position

Long on Gate Short on Bitget

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)−0.236%−$24 · spread now +0.258%, 7d avg +0.017%

Together, before fees−0.734%−$73 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 0.241% dearer against Gate than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZKP_USDT	0.05039	0.0100	pay 0.0050% / 4h	3h 53m	$324K	$172K	25x
Short	Bitget ZKPUSDT	0.05052	0.0100	get 0.0050% / 4h	3h 53m	$320K	$271K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.258%Rate

Funding earned: $0
Price spread: +0.258% → +0.017%: $24.07
Slippage, 4 orders: −$379.33
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$382.25
Costs to cover: 4.063%
Break-even: never at this rate

Slippage from Gate: live order book, 62 min ago; Bitget: live order book, 57 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, 62 min ago	12.92 bp	259.9 bp −$260	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 57 min ago	5.99 bp	40.8 bp −$41	364.9 bp −$3,649	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	0.05048	+0.187%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.05040	+0.020%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05048	+0.179%	$322K	$579K	20x	as long as short
Gate ZKP_USDTlong	+0.0100%	4h	0.05039	long leg	$324K	$172K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.05049	+0.198%	$1.2M	$206K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05041	+0.040%	$584K	$514K	20x	as long as short
Bitget ZKPUSDTshort	+0.0100%	4h	0.05052	+0.258%	$320K	$271K	20x
BingX ZKP-USDT	+0.0100%	4h	0.05044	+0.099%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0125%	4h	0.05047	+0.159%	$218K	$46K	40x	as long as short
Aster ZKPUSDT	+0.0149%	4h	0.05042	+0.060%	$27K	$83K	5x	as long as short