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 MEXC+0.080%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1151.152% of the position

Long on MEXC 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)+0.008%+$1 · spread now +0.080%, 7d avg +0.002%

Together, before fees+0.010%+$1 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 0.078% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZKP_USDT	0.04980	0.0100	pay 0.0050% / 4h	3h 54m	$1.2M	$183K	20x
Short	OKX ZKP-USDT-SWAP	0.04984	0.0100	get 0.0050% / 4h	3h 54m	$332K	$551K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against MEXC. 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 MEXCbpFee OKXbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → +0.002%: $7.83
Slippage, 4 orders: −$101.23
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$107.4
Costs to cover: 1.152%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; OKX: live order book, 16 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 MEXC live order book, 1 min ago	1.00 bp	11.7 bp −$12	69.9 bp −$699	461.9 bp −$46.2K	doesn't fit
Sell OKX live order book, 16 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
BloFin ZKP-USDT	+0.0099%	4h	0.04989	+0.181%	$225K	$37K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04984	+0.076%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04979	−0.020%	$1.2M	$976K	25x	as long as short
OKX ZKP-USDT-SWAPshort	+0.0100%	4h	0.04984	+0.080%	$332K	$551K	20x
MEXC ZKP_USDTlong	+0.0100%	4h	0.04980	long leg	$1.2M	$183K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.04984	+0.080%	$585K	$541K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04981	+0.020%	$296K	$257K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04989	+0.181%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0252%	4h	0.04989	+0.179%	$24K	$80K	5x	as long as short
Gate ZKP_USDT	+0.0976%	4h	0.04987	+0.141%	$330K	$178K	25x	as long as short