Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin+0.020%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$640as in the Funding arb table

Net, price: spread back to 7d avg − costs−$644as in the Price arb table

costs, in and out, $10k−$6406.398% of the position

Long on KuCoin 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)+0.134%+$13 · spread now +0.020%, 7d avg +0.060%

Together, before fees+0.136%+$14 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 0.040% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKPUSDTM	0.05039	0.0100	pay 0.0050% / 4h	3h 47m	$584K	$510K	20x
Short	OKX ZKP-USDT-SWAP	0.05040	0.0100	get 0.0050% / 4h	3h 47m	$322K	$574K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.060%: −$4.01
Slippage, 4 orders: −$617.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$643.76
Costs to cover: 6.398%
Break-even: never at this rate

Slippage from KuCoin: live order book, 27 min ago; OKX: live order book, 4 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 KuCoin live order book, 27 min ago	17.81 bp	277.2 bp −$277	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	4.96 bp	50.1 bp −$50	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	0.05039	−0.004%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.05033	−0.119%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAPshort	+0.0100%	4h	0.05040	+0.020%	$322K	$574K	20x
Gate ZKP_USDT	+0.0100%	4h	0.05038	−0.020%	$325K	$173K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05039	0.000%	$1.2M	$207K	20x	as long as short
KuCoin ZKPUSDTMlong	+0.0100%	4h	0.05039	long leg	$584K	$510K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.05041	+0.040%	$319K	$271K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05040	+0.020%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0140%	4h	0.05042	+0.060%	$27K	$83K	5x	as long as short
BloFin ZKP-USDT	+0.0150%	4h	0.05046	+0.139%	$218K	$46K	40x	as long as short