Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.097%

Price spread now: Bybit against Gate−0.141%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$410as in the Funding arb table

Net, price: spread back to 7d avg − costs−$368as in the Price arb table

costs, in and out, $10k−$3603.599% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.496%−$50 on $10k

Price spread, last 4 days (all we have)+0.185%+$19 · spread now −0.141%, 7d avg −0.059%

Together, before fees−0.311%−$31 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: Bybit is 0.082% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZKP_USDT	0.04951	0.0100	pay 0.0050% / 4h	42m 29s	$326K	$179K	25x
Short	Bybit ZKPUSDT	0.04944	0.0100	get 0.0050% / 4h	42m 29s	$1.2M	$983K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.141%Rate

Funding earned: $0
Price spread: −0.141% → −0.059%: −$8.21
Slippage, 4 orders: −$333.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$368.13
Costs to cover: 3.599%
Break-even: never at this rate

Slippage from Gate: live order book, 33 min ago; Bybit: live order book, 3 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, 33 min ago	7.10 bp	171.9 bp −$172	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	5.05 bp	74.9 bp −$75	doesn't fit	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	0.04954	+0.070%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDTshort	+0.0100%	4h	0.04944	−0.141%	$1.2M	$983K	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04952	+0.020%	$333K	$545K	20x	as long as short
Gate ZKP_USDTlong	+0.0100%	4h	0.04951	long leg	$326K	$179K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.04955	+0.081%	$1.2M	$181K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04952	+0.020%	$582K	$544K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04952	+0.020%	$287K	$255K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04951	0.000%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0126%	4h	0.04952	+0.020%	$221K	$37K	40x	as long as short
Aster ZKPUSDT	+0.0318%	4h	0.04954	+0.054%	$23K	$80K	5x	as long as short