Funding arb · Price arb /

ZKP

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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 −0.004%

Price spread now: Bybit against MEXC−0.099%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1561.564% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.099%, 7d avg −0.070%

Together, before fees+0.024%+$2 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 0.029% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZKP_USDT	0.05037	0.0100	pay 0.0050% / 4h	11m 10s	$1.2M	$212K	20x
Short	Bybit ZKPUSDT	0.05032	0.0100	get 0.0050% / 4h	11m 10s	$1.2M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.099%Rate

Funding earned: $0
Price spread: −0.099% → −0.070%: −$2.92
Slippage, 4 orders: −$141.39
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$159.31
Costs to cover: 1.564%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bybit: live order book, 4 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 MEXC live order book, 5 min ago	1.99 bp	16.4 bp −$16	63.4 bp −$634	369.3 bp −$36.9K	doesn't fit
Sell Bybit live order book, 4 min ago	4.99 bp	63.4 bp −$63	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
BloFin ZKP-USDT	+0.0077%	4h	0.05035	−0.040%	$213K	$49K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05038	+0.020%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDTshort	+0.0100%	4h	0.05032	−0.099%	$1.2M	$1.0M	25x
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.05037	0.000%	$316K	$583K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.05020	−0.338%	$318K	$191K	25x	as long as short
MEXC ZKP_USDTlong	+0.0100%	4h	0.05037	long leg	$1.2M	$212K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.05035	−0.040%	$584K	$488K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05038	+0.020%	$309K	$273K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05039	+0.040%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0453%	4h	0.05030	−0.145%	$27K	$84K	5x	as long as short