Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: OKX against Bybit+0.261%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$231as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2312.315% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.250%−$25 · spread now +0.261%, 7d avg +0.075%

Together, before fees−0.244%−$24 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 0.186% dearer against Bybit than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKPUSDT	0.04976	0.0100	pay 0.0050% / 4h	2h 39m	$1.2M	$977K	25x
Short	OKX ZKP-USDT-SWAP	0.04989	0.0100	get 0.0050% / 4h	2h 39m	$334K	$583K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now +0.261%Rate

Funding earned: $0
Price spread: +0.261% → +0.075%: $18.61
Slippage, 4 orders: −$210.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$212.89
Costs to cover: 2.315%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 26 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 Bybit live order book, 1 min ago	5.04 bp	76.1 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 26 min ago	3.00 bp	35.1 bp −$35	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	0.04980	+0.075%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDTlong	+0.0100%	4h	0.04976	long leg	$1.2M	$977K	25x
OKX ZKP-USDT-SWAPshort	+0.0100%	4h	0.04989	+0.261%	$334K	$583K	20x
Gate ZKP_USDT	+0.0100%	4h	0.04969	−0.141%	$330K	$179K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04979	+0.060%	$1.2M	$190K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04966	−0.201%	$583K	$536K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04990	+0.281%	$297K	$267K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04977	+0.020%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0128%	4h	0.04958	−0.362%	$215K	$41K	40x	as long as short
Aster ZKPUSDT	+0.0416%	4h	0.04967	−0.186%	$23K	$80K	5x	as long as short