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: Bitget against OKX−0.364%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$1551.547% of the position

Long on OKX Short on Bitget

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)+0.327%+$33 · spread now −0.364%, 7d avg +0.003%

Together, before fees+0.325%+$33 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: Bitget is 0.367% cheaper against OKX than usual: you would sell low and buy high, −$37 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	OKX ZKP-USDT-SWAP	0.04945	0.0100	pay 0.0050% / 4h	1h 21m	$332K	$533K	20x
Short	Bitget ZKPUSDT	0.04927	0.0100	get 0.0050% / 4h	1h 21m	$283K	$252K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.364%Rate

Funding earned: $0
Price spread: −0.364% → +0.003%: −$36.68
Slippage, 4 orders: −$132.68
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$191.36
Costs to cover: 1.547%
Break-even: never at this rate

Slippage from OKX: live order book, 59 min ago; Bitget: live order book, 53 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, 59 min ago	1.01 bp	36.7 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 53 min ago	5.07 bp	41.5 bp −$41	299.2 bp −$2,992	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	0.04940	−0.102%	$2.7M	$2.6M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04928	−0.344%	$1.2M	$974K	25x	as long as short
OKX ZKP-USDT-SWAPlong	+0.0100%	4h	0.04945	long leg	$332K	$533K	20x
Gate ZKP_USDT	+0.0100%	4h	0.04923	−0.445%	$323K	$178K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04939	−0.121%	$1.2M	$184K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04929	−0.324%	$578K	$542K	20x	as long as short
Bitget ZKPUSDTshort	+0.0100%	4h	0.04927	−0.364%	$283K	$252K	20x
BingX ZKP-USDT	+0.0100%	4h	0.04928	−0.344%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0154%	4h	0.04931	−0.283%	$222K	$36K	40x	as long as short
Aster ZKPUSDT	+0.0158%	4h	0.04922	−0.458%	$23K	$80K	5x	as long as short