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 +0.007%

Price spread now: OKX against Bybit+0.261%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2302.297% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.261%−$26 · spread now +0.261%, 7d avg +0.074%

Together, before fees−0.254%−$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 0.187% dearer against Bybit than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKPUSDT	0.04984	0.0100	pay 0.0050% / 4h	3h 07m	$1.2M	$967K	25x
Short	OKX ZKP-USDT-SWAP	0.04997	0.0100	get 0.0050% / 4h	3h 07m	$332K	$554K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now +0.261%Rate

Funding earned: $0
Price spread: +0.261% → +0.074%: $18.7
Slippage, 4 orders: −$208.74
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$211.04
Costs to cover: 2.297%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 63 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 Bybit live order book, 3 min ago	5.01 bp	56.1 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 63 min ago	3.01 bp	46.4 bp −$46	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	0.04995	+0.211%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDTlong	+0.0100%	4h	0.04984	long leg	$1.2M	$967K	25x
OKX ZKP-USDT-SWAPshort	+0.0100%	4h	0.04997	+0.261%	$332K	$554K	20x
MEXC ZKP_USDT	+0.0100%	4h	0.04994	+0.201%	$1.2M	$192K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04988	+0.080%	$583K	$536K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04984	0.000%	$294K	$258K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04989	+0.100%	—	$6.6M	—	as long as short
Gate ZKP_USDT	+0.0138%	4h	0.04988	+0.080%	$333K	$180K	25x	as long as short
BloFin ZKP-USDT	+0.0141%	4h	0.04995	+0.221%	$221K	$41K	40x	as long as short
Aster ZKPUSDT	+0.0382%	4h	0.04987	+0.058%	$24K	$80K	5x	as long as short