Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.13 per $10,000 · paid last 24h −0.056%
Price spread now: BloFin against Gate−0.040%78s7-day average +0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$247as 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−$1961.957% of the position
Funding, last 7 days−0.511%−$51 on $10k
+Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.040%, 7d avg +0.073%
=Funding pays, the price is against you. BloFin is 0.113% cheaper against Gate than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of +0.073%). If the spread goes back, that is −$11 on $10k: about 15 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.511%, so the current rate has only just turned in your favour. The two prices were read 78 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 | Gate ZKP_USDT | 0.05012 | 0.0100 | pay 0.0050% / 4h | 15m 49s | $317K | $191K | 25x |
| Short | BloFin ZKP-USDT | 0.05010 | 0.0125 | get 0.0063% / 4h | 15m 49s | $217K | $48K | 40x |
Gate ZKP_USDT
BloFin ZKP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.26
- Price spread: −0.040% → +0.073%
- −$11.27
- Slippage, 4 orders
- −$168.72
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$201.73
- Costs to cover
- 1.957%
- Break-even
- 275.6 days
Slippage from Gate: live order book, 19 min ago; BloFin: live order book, 55 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, 19 min ago | 15.94 bp | 49.5 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 55 min ago | 1.00 bp | 19.3 bp −$19 | 71.6 bp −$716 | 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 | 0.05020 | +0.160% | $2.7M | $2.9M | 40x | as long as short |
| Bybit ZKPUSDT | +0.0100% | 4h | 0.05012 | 0.000% | $1.2M | $1.0M | 25x | as long as short |
| OKX ZKP-USDT-SWAP | +0.0100% | 4h | 0.05024 | +0.239% | $316K | $582K | 20x | as long as short |
| Gate ZKP_USDTlong | +0.0100% | 4h | 0.05012 | long leg | $317K | $191K | 25x | |
| MEXC ZKP_USDT | +0.0100% | 4h | 0.05020 | +0.160% | $1.2M | $212K | 20x | as long as short |
| KuCoin ZKPUSDTM | +0.0100% | 4h | 0.05015 | +0.060% | $582K | $488K | 20x | as long as short |
| Bitget ZKPUSDT | +0.0100% | 4h | 0.05010 | −0.040% | $308K | $273K | 20x | as long as short |
| BingX ZKP-USDT | +0.0100% | 4h | 0.05016 | +0.080% | — | $6.6M | — | as long as short |
| BloFin ZKP-USDTshort | +0.0125% | 4h | 0.05010 | −0.040% | $217K | $48K | 40x | |
| Aster ZKPUSDT | +0.0403% | 4h | 0.05021 | +0.171% | $27K | $84K | 5x | as long as short |
Binance ZKPUSDT
Bybit ZKPUSDT
OKX ZKP-USDT-SWAP
MEXC ZKP_USDT
KuCoin ZKPUSDTM
Bitget ZKPUSDT
BingX ZKP-USDT
Aster ZKPUSDT