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 +0.002%

Price spread now: OKX against Bitget+0.283%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1401.400% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.252%−$25 · spread now +0.283%, 7d avg −0.003%

Together, before fees−0.250%−$25 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 0.286% dearer against Bitget than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKPUSDT	0.04950	0.0100	pay 0.0050% / 4h	2h 48m	$288K	$257K	20x
Short	OKX ZKP-USDT-SWAP	0.04964	0.0100	get 0.0050% / 4h	2h 48m	$327K	$567K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now +0.283%Rate

Funding earned: $0
Price spread: +0.283% → −0.003%: $28.6
Slippage, 4 orders: −$118.03
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$111.43
Costs to cover: 1.400%
Break-even: never at this rate

Slippage from Bitget: live order book, 11 min ago; OKX: live order book, 17 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 Bitget live order book, 11 min ago	4.04 bp	41.5 bp −$42	434.8 bp −$4,348	doesn't fit	doesn't fit
Sell OKX live order book, 17 min ago	3.00 bp	35.1 bp −$35	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	0.04961	+0.222%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04955	+0.101%	$1.2M	$975K	25x	as long as short
OKX ZKP-USDT-SWAPshort	+0.0100%	4h	0.04964	+0.283%	$327K	$567K	20x
Gate ZKP_USDT	+0.0100%	4h	0.04952	+0.040%	$330K	$178K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04960	+0.202%	$1.2M	$190K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04953	+0.061%	$581K	$536K	20x	as long as short
Bitget ZKPUSDTlong	+0.0100%	4h	0.04950	long leg	$288K	$257K	20x
BingX ZKP-USDT	+0.0100%	4h	0.04955	+0.101%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0128%	4h	0.04958	+0.162%	$215K	$41K	40x	as long as short
Aster ZKPUSDT	+0.0367%	4h	0.04950	+0.004%	$23K	$80K	5x	as long as short