Funding you earn now, next payment 08:00 UTC−0.0031%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against OKX−0.119%103s7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1391.391% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.119%, 7d avg +0.054%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.173% cheaper against OKX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.054%). Swap the legs. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZKP-USDT-SWAP | 0.05030 | 0.0100 | pay 0.0050% / 4h | 3h 29m | $320K | $563K | 20x |
| Short | BloFin ZKP-USDT | 0.05024 | 0.0069 | get 0.0035% / 4h | 3h 29m | $217K | $45K | 40x |
OKX ZKP-USDT-SWAP
BloFin ZKP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.41
- Price spread: −0.119% → +0.054%
- −$17.31
- Slippage, 4 orders
- −$117.13
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$162.85
- Costs to cover
- 1.391%
- Break-even
- never at this rate
Slippage from OKX: live order book, 21 min ago; BloFin: live order book, 61 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, 21 min ago | 4.96 bp | 44.3 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 61 min ago | 1.98 bp | 21.9 bp −$22 | 120.4 bp −$1,204 | 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-USDTshort | +0.0069% | 4h | 0.05024 | −0.119% | $217K | $45K | 40x | |
| Aster ZKPUSDT | +0.0100% | 4h | 0.05027 | −0.058% | $27K | $83K | 5x | as long as short |
| Binance ZKPUSDT | +0.0100% | 4h | 0.05028 | −0.040% | $2.7M | $2.9M | 40x | as long as short |
| Bybit ZKPUSDT | +0.0100% | 4h | 0.05023 | −0.139% | $1.2M | $1.0M | 25x | as long as short |
| OKX ZKP-USDT-SWAPlong | +0.0100% | 4h | 0.05030 | long leg | $320K | $563K | 20x | |
| Gate ZKP_USDT | +0.0100% | 4h | 0.05027 | −0.060% | $324K | $173K | 25x | as long as short |
| MEXC ZKP_USDT | +0.0100% | 4h | 0.05029 | −0.020% | $1.2M | $208K | 20x | as long as short |
| KuCoin ZKPUSDTM | +0.0100% | 4h | 0.05025 | −0.099% | $583K | $508K | 20x | as long as short |
| Bitget ZKPUSDT | +0.0100% | 4h | 0.05030 | 0.000% | $318K | $270K | 20x | as long as short |
| BingX ZKP-USDT | +0.0100% | 4h | 0.05026 | −0.080% | — | $6.6M | — | as long as short |
Aster ZKPUSDT
Binance ZKPUSDT
Bybit ZKPUSDT
Gate ZKP_USDT
MEXC ZKP_USDT
KuCoin ZKPUSDTM
Bitget ZKPUSDT
BingX ZKP-USDT