ZKP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.002%

Price spread now: BloFin against OKX0.000%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1341.344% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 3 days (all we have)+0.070%+$7 · spread now 0.000%, 7d avg +0.054%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.054% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.054%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZKP-USDT-SWAP	0.04985	0.0100	pay 0.0050% / 4h	3h 25m	$331K	$552K	20x
Short	BloFin ZKP-USDT	0.04985	0.0070	get 0.0035% / 4h	3h 25m	$221K	$41K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$6.3
Price spread: 0.000% → +0.054%: −$5.38
Slippage, 4 orders: −$112.41
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$146.09
Costs to cover: 1.344%
Break-even: never at this rate

Slippage from OKX: live order book, 46 min ago; BloFin: live order book, 40 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, 46 min ago	3.01 bp	45.1 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 40 min ago	1.00 bp	28.5 bp −$28	83.6 bp −$836	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-USDTshort	+0.0070%	4h	0.04985	0.000%	$221K	$41K	40x
Binance ZKPUSDT	+0.0100%	4h	0.04986	+0.011%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04972	−0.261%	$1.2M	$968K	25x	as long as short
OKX ZKP-USDT-SWAPlong	+0.0100%	4h	0.04985	long leg	$331K	$552K	20x
Gate ZKP_USDT	+0.0100%	4h	0.04973	−0.241%	$332K	$180K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04984	−0.020%	$1.2M	$191K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04979	−0.120%	$581K	$538K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04984	−0.020%	$294K	$258K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04978	−0.140%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0295%	4h	0.04976	−0.174%	$24K	$80K	5x	as long as short