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: Gate against MEXC−0.141%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$258as in the Price arb table

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

Long on MEXC Short on Gate

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)+0.189%+$19 · spread now −0.141%, 7d avg −0.013%

Together, before fees+0.687%+$69 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: Gate is 0.128% cheaper against MEXC than usual: you would sell low and buy high, −$13 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	MEXC ZKP_USDT	0.04979	0.0100	pay 0.0050% / 4h	3h 26m	$1.2M	$191K	20x
Short	Gate ZKP_USDT	0.04972	0.0100	get 0.0050% / 4h	3h 26m	$332K	$180K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.141%Rate

Funding earned: $0
Price spread: −0.141% → −0.013%: −$12.79
Slippage, 4 orders: −$226.05
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$257.85
Costs to cover: 2.451%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 43 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, 4 min ago	1.00 bp	11.6 bp −$12	64.3 bp −$643	390.7 bp −$39.1K	doesn't fit
Sell Gate live order book, 43 min ago	12.05 bp	39.5 bp −$40	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	0.04978	−0.010%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04971	−0.161%	$1.2M	$968K	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04981	+0.040%	$331K	$553K	20x	as long as short
Gate ZKP_USDTshort	+0.0100%	4h	0.04972	−0.141%	$332K	$180K	25x
MEXC ZKP_USDTlong	+0.0100%	4h	0.04979	long leg	$1.2M	$191K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.04972	−0.141%	$581K	$538K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04978	−0.020%	$294K	$258K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04976	−0.060%	—	$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	+0.0294%	4h	0.04975	−0.076%	$24K	$80K	5x	as long as short