Funding arb · Price arb /

ZKP

all ZKP markets

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 0.000%

Price spread now: OKX against Bitget−0.139%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1481.476% of the position

Long on Bitget 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)+0.227%+$23 · spread now −0.139%, 7d avg −0.001%

Together, before fees+0.229%+$23 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 0.137% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKPUSDT	0.05046	0.0100	pay 0.0050% / 4h	3h 42m	$329K	$292K	20x
Short	OKX ZKP-USDT-SWAP	0.05039	0.0100	get 0.0050% / 4h	3h 42m	$317K	$592K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → −0.001%: −$13.74
Slippage, 4 orders: −$125.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$161.37
Costs to cover: 1.476%
Break-even: never at this rate

Slippage from Bitget: live order book, 48 min ago; OKX: live order book, 54 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 Bitget live order book, 48 min ago	6.97 bp	25.9 bp −$26	446.5 bp −$4,465	doesn't fit	doesn't fit
Sell OKX live order book, 54 min ago	4.98 bp	39.0 bp −$39	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
Binance ZKPUSDT	+0.0100%	4h	0.05042	−0.083%	$2.7M	$3.0M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.05030	−0.317%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAPshort	+0.0100%	4h	0.05039	−0.139%	$317K	$592K	20x
Gate ZKP_USDT	+0.0100%	4h	0.05033	−0.258%	$317K	$183K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05042	−0.079%	$1.2M	$211K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05033	−0.258%	$594K	$488K	20x	as long as short
Bitget ZKPUSDTlong	+0.0100%	4h	0.05046	long leg	$329K	$292K	20x
BingX ZKP-USDT	+0.0100%	4h	0.05033	−0.258%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0151%	4h	0.05034	−0.238%	$211K	$49K	40x	as long as short
Aster ZKPUSDT	+0.0407%	4h	0.05038	−0.160%	$27K	$84K	5x	as long as short