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: OKX against Binance−0.159%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1381.381% of the position

Long on Binance Short on OKX

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)+0.207%+$21 · spread now −0.159%, 7d avg −0.009%

Together, before fees+0.210%+$21 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: OKX is 0.149% cheaper against Binance than usual: you would sell low and buy high, −$15 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	Binance ZKPUSDT	0.04952	0.0100	pay 0.0050% / 4h	40m 42s	$2.7M	$2.7M	40x
Short	OKX ZKP-USDT-SWAP	0.04944	0.0100	get 0.0050% / 4h	40m 42s	$333K	$547K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Binance. 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 BinancebpFee OKXbpOrdersPrice spread, now −0.159%Rate

Funding earned: $0
Price spread: −0.159% → −0.009%: −$14.95
Slippage, 4 orders: −$118.13
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$153.08
Costs to cover: 1.381%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; OKX: live order book, 35 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 Binance live order book, 10 min ago	3.02 bp	30.9 bp −$31	310.8 bp −$3,108	doesn't fit	doesn't fit
Sell OKX live order book, 35 min ago	3.04 bp	42.9 bp −$43	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
BloFin ZKP-USDT	+0.0083%	4h	0.04952	+0.003%	$221K	$37K	40x	as long as short
Binance ZKPUSDTlong	+0.0100%	4h	0.04952	long leg	$2.7M	$2.7M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.04943	−0.179%	$1.2M	$983K	25x	as long as short
OKX ZKP-USDT-SWAPshort	+0.0100%	4h	0.04944	−0.159%	$333K	$547K	20x
Gate ZKP_USDT	+0.0100%	4h	0.04951	−0.017%	$326K	$179K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04955	+0.064%	$1.2M	$182K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04949	−0.058%	$580K	$544K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04952	+0.003%	$287K	$255K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04951	−0.017%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0310%	4h	0.04954	+0.036%	$23K	$80K	5x	as long as short