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: MEXC against Gate+0.161%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$295as in the Funding arb table

Net, price: spread back to 7d avg − costs−$230as in the Price arb table

costs, in and out, $10k−$2452.451% of the position

Long on Gate Short on MEXC

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)−0.209%−$21 · spread now +0.161%, 7d avg +0.013%

Together, before fees−0.707%−$71 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: MEXC is 0.148% dearer against Gate than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZKP_USDT	0.04973	0.0100	pay 0.0050% / 4h	3h 25m	$332K	$180K	25x
Short	MEXC ZKP_USDT	0.04981	0.0100	get 0.0050% / 4h	3h 25m	$1.2M	$191K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → +0.013%: $14.82
Slippage, 4 orders: −$226.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$230.23
Costs to cover: 2.451%
Break-even: never at this rate

Slippage from Gate: live order book, 44 min ago; MEXC: live order book, 5 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, 44 min ago	12.05 bp	182.6 bp −$183	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.00 bp	11.3 bp −$11	70.3 bp −$703	394.9 bp −$39.5K	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	0.04982	+0.171%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04972	−0.020%	$1.2M	$968K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04980	+0.141%	$331K	$551K	20x	as long as short
Gate ZKP_USDTlong	+0.0100%	4h	0.04973	long leg	$332K	$180K	25x
MEXC ZKP_USDTshort	+0.0100%	4h	0.04981	+0.161%	$1.2M	$191K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.04978	+0.101%	$582K	$538K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04982	+0.181%	$294K	$258K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04978	+0.101%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0112%	4h	0.04976	+0.060%	$220K	$41K	40x	as long as short
Aster ZKPUSDT	+0.0295%	4h	0.04976	+0.064%	$24K	$80K	5x	as long as short