ZKP arbitrage explained
Right now zkPass (ZKP) trades on 8 venues we scan: 8 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Bybit spot at $0.0466 and the highest bid on Bitget perp at $0.0466.
The widest ZKP perpetual spread is between OKX and Bitget: long ZKP on OKX at $0.0466 and short on Bitget at $0.0466 for 0.00% gross, or -0.16% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best ZKP route is to buy spot on Bybit and short the perpetual on Bitget: +0.02% gross, -0.18% net, with +0.030% a day of funding on the short leg.
Spot–spot ZKP arbitrage (buy on Bybit, withdraw, deposit and sell on KuCoin) shows +0.02% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small ZKP gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: ZKP funding rates · ZKP spread charts · zkPass price · arbitrage scanner for all coins.