Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.026%

Price spread now: OKX against Gate−0.026%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1061.061% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.026%, 7d avg −0.049%

Together, before fees−0.025%−$3 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: OKX is 0.024% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZK_USDT	0.01167	0.0100	pay 0.0100% / 8h	2h 34m	$316K	$256K	50x
Short	OKX ZK-USDT-SWAP	0.01167	0.0100	get 0.0050% / 4h	2h 34m	$954K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.049%: $2.35
Slippage, 4 orders: −$81.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$103.7
Costs to cover: 1.061%
Break-even: never at this rate

Slippage from Gate: live order book, 50 min ago; OKX: live order book, 3 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, 50 min ago	8.53 bp	28.2 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.29 bp	27.2 bp −$27	doesn't fit	doesn't fit	doesn't fit

ZK on 17 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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.257%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0082%	4h	0.01164	−0.231%	$211K	$35K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01168	+0.111%	$119K	$159K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01169	+0.171%	$586K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01169	+0.176%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01168	+0.086%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01168	+0.060%	$4.7M	$10.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01167	+0.026%	$5.0M	$2.7M	25x	as long as short
OKX ZK-USDT-SWAPshort	+0.0100%	4h	0.01167	−0.026%	$954K	$2.3M	20x
Gate ZK_USDTlong	+0.0100%	8h	0.01167	long leg	$316K	$256K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01167	0.000%	$992K	$954K	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01167	0.000%	$1.5M	$852K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01168	+0.051%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01164	−0.256%	$57K	$20K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01165	−0.174%	$160K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01165	−0.171%	$8K	$621K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1491%	1h	0.01170	+0.276%	$194K	$44K	25x	as long as short