Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against OKX−0.029%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1471.475% of the position

Long on OKX Short on Binance

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)−0.020%−$2 · spread now −0.029%, 7d avg +0.009%

Together, before fees−0.023%−$2 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: Binance is 0.038% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZKP-USDT-SWAP	0.04989	0.0100	pay 0.0050% / 4h	1m 02s	$333K	$551K	20x
Short	Binance ZKPUSDT	0.04988	0.0100	get 0.0050% / 4h	1m 02s	$2.7M	$2.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → +0.009%: −$3.78
Slippage, 4 orders: −$127.46
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$151.24
Costs to cover: 1.475%
Break-even: never at this rate

Slippage from OKX: live order book, 10 min ago; Binance: 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 OKX live order book, 10 min ago	3.01 bp	45.1 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.00 bp	28.6 bp −$29	174.0 bp −$1,740	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	+0.0083%	4h	0.04980	−0.180%	$222K	$37K	40x	as long as short
Binance ZKPUSDTshort	+0.0100%	4h	0.04988	−0.029%	$2.7M	$2.7M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.04976	−0.261%	$1.2M	$981K	25x	as long as short
OKX ZKP-USDT-SWAPlong	+0.0100%	4h	0.04989	long leg	$333K	$551K	20x
Gate ZKP_USDT	+0.0100%	4h	0.04980	−0.180%	$329K	$180K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04986	−0.060%	$1.2M	$186K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04983	−0.120%	$584K	$541K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04988	−0.020%	$297K	$258K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04984	−0.100%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0217%	4h	0.04982	−0.145%	$24K	$80K	5x	as long as short