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: MEXC against OKX+0.061%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1031.026% of the position

Long on OKX Short on MEXC

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)−0.148%−$15 · spread now +0.061%, 7d avg −0.002%

Together, before fees−0.151%−$15 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: MEXC is 0.063% dearer against OKX than usual: you sell high and buy low, +$6 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	OKX ZKP-USDT-SWAP	0.04954	0.0100	pay 0.0050% / 4h	27m 05s	$331K	$548K	20x
Short	MEXC ZKP_USDT	0.04957	0.0100	get 0.0050% / 4h	27m 05s	$1.2M	$182K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → −0.002%: $6.26
Slippage, 4 orders: −$88.6
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$96.34
Costs to cover: 1.026%
Break-even: never at this rate

Slippage from OKX: live order book, 49 min ago; MEXC: 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, 49 min ago	3.04 bp	34.6 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.02 bp	12.5 bp −$12	66.3 bp −$663	459.5 bp −$45.9K	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	0.04959	+0.100%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04947	−0.141%	$1.2M	$982K	25x	as long as short
OKX ZKP-USDT-SWAPlong	+0.0100%	4h	0.04954	long leg	$331K	$548K	20x
Gate ZKP_USDT	+0.0100%	4h	0.04953	−0.020%	$327K	$179K	25x	as long as short
MEXC ZKP_USDTshort	+0.0100%	4h	0.04957	+0.061%	$1.2M	$182K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.04956	+0.040%	$583K	$543K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04959	+0.101%	$289K	$255K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04955	+0.020%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0128%	4h	0.04958	+0.081%	$219K	$37K	40x	as long as short
Aster ZKPUSDT	+0.0243%	4h	0.04957	+0.054%	$23K	$80K	5x	as long as short