Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: BingX against OKX+0.100%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$970.973% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days−0.136%−$14 · spread now +0.100%, 7d avg −0.009%

Together, before fees−0.094%−$9 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: BingX is 0.109% dearer against OKX than usual: you sell high and buy low, +$11 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 ZK-USDT-SWAP	0.01204	0.0100	pay 0.0050% / 4h	3h 40m	$1.0M	$2.2M	20x
Short	BingX ZK-USDT	0.01205	0.0100	get 0.0050% / 4h	3h 40m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → −0.009%: $10.88
Slippage, 4 orders: −$77.29
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$86.41
Costs to cover: 0.973%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; BingX: live order book, 11 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, 1 min ago	3.32 bp	28.8 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	4.60 bp	21.1 bp −$21	49.5 bp −$495	384.0 bp −$38.4K	718.7 bp −$359.4K

ZK on 17 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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−2.784%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0055%	4h	0.01207	+0.274%	$216K	$20K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01206	+0.199%	$129K	$186K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01205	+0.108%	$599K	$167K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01204	+0.072%	$33K	$23K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01204	+0.075%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01204	+0.025%	$5.0M	$7.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01203	−0.017%	$5.2M	$2.5M	25x	as long as short
OKX ZK-USDT-SWAPlong	+0.0100%	4h	0.01204	long leg	$1.0M	$2.2M	20x
Gate ZK_USDT	+0.0100%	8h	0.01204	+0.042%	$305K	$259K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01203	−0.042%	$976K	$1.7M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01205	+0.125%	$1.5M	$910K	75x	as long as short
BingX ZK-USDTshort	+0.0100%	4h	0.01205	+0.100%	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01202	−0.095%	$58K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01205	+0.103%	$162K	$2.1M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01203	−0.042%	$8K	$631K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.3523%	1h	0.01210	+0.539%	$211K	$47K	25x	as long as short