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 0.000%

Price spread now: KuCoin against MEXC+0.060%7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,441as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,430as in the Price arb table

costs, in and out, $10k−$1,44114.413% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.060%, 7d avg −0.056%

Together, before fees−0.126%−$13 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: KuCoin is 0.116% dearer against MEXC than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZKP_USDT	0.04986	0.0100	pay 0.0050% / 4h	1h 46m	$1.2M	$204K	20x
Short	KuCoin ZKPUSDTM	0.04989	0.0100	get 0.0050% / 4h	1h 46m	$576K	$526K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.056%: $11.58
Slippage, 4 orders: −$1,425.33
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,429.75
Costs to cover: 14.413%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 51 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	2.00 bp	14.6 bp −$15	71.3 bp −$713	473.6 bp −$47.4K	doesn't fit
Sell KuCoin live order book, 51 min ago	16.03 bp	290.3 bp −$290	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	+0.0056%	4h	0.04985	−0.020%	—	$45K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04989	+0.055%	$2.7M	$2.8M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04977	−0.181%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAP	+0.0100%	4h	0.04987	+0.020%	$331K	$567K	20x	as long as short
Gate ZKP_USDT	+0.0100%	4h	0.04983	−0.060%	$325K	$187K	25x	as long as short
MEXC ZKP_USDTlong	+0.0100%	4h	0.04986	long leg	$1.2M	$204K	20x
KuCoin ZKPUSDTMshort	+0.0100%	4h	0.04989	+0.060%	$576K	$526K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.04990	+0.080%	$305K	$276K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04989	+0.060%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0230%	4h	0.04988	+0.036%	$26K	$84K	5x	as long as short