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: KuCoin against OKX−0.101%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$608as in the Funding arb table

Net, price: spread back to 7d avg − costs−$612as in the Price arb table

costs, in and out, $10k−$6086.077% of the position

Long on OKX Short on KuCoin

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)−0.025%−$3 · spread now −0.101%, 7d avg −0.059%

Together, before fees−0.028%−$3 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: KuCoin is 0.042% 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 −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZKP-USDT-SWAP	0.04952	0.0100	pay 0.0050% / 4h	2h 30m	$315K	$563K	20x
Short	KuCoin ZKPUSDTM	0.04947	0.0100	get 0.0050% / 4h	2h 30m	$573K	$501K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.101%Rate

Funding earned: $0
Price spread: −0.101% → −0.059%: −$4.2
Slippage, 4 orders: −$585.73
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$611.92
Costs to cover: 6.077%
Break-even: never at this rate

Slippage from OKX: live order book, 15 min ago; KuCoin: live order book, 28 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, 15 min ago	5.01 bp	36.4 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 28 min ago	11.04 bp	269.5 bp −$270	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
Gate ZKP_USDT	+0.0062%	4h	0.04955	+0.061%	$314K	$181K	25x	as long as short
Aster ZKPUSDT	+0.0100%	4h	0.04952	−0.008%	$26K	$83K	5x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.04952	−0.010%	$2.6M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04943	−0.182%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAPlong	+0.0100%	4h	0.04952	long leg	$315K	$563K	20x
MEXC ZKP_USDT	+0.0100%	4h	0.04955	+0.061%	$1.2M	$209K	20x	as long as short
KuCoin ZKPUSDTMshort	+0.0100%	4h	0.04947	−0.101%	$573K	$501K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.04951	−0.020%	$302K	$280K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04947	−0.101%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0143%	4h	0.04963	+0.222%	$213K	$47K	40x	as long as short