Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.026%

Price spread now: Gate against OKX+0.086%7-day average +0.049% · 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−$97as in the Price arb table

costs, in and out, $10k−$1001.005% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.086%, 7d avg +0.049%

Together, before fees−0.035%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.037% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZK-USDT-SWAP	0.01159	0.0072	pay 0.0036% / 4h	2h 05m	$942K	$2.3M	20x
Short	Gate ZK_USDT	0.01160	0.0100	get 0.0100% / 8h	2h 05m	$314K	$256K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.086%Rate

Funding earned: $5.98
Price spread: +0.086% → +0.049%: $3.7
Slippage, 4 orders: −$75.47
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$90.78
Costs to cover: 1.005%
Break-even: 113.2 days

Slippage from OKX: live order book, 1 min ago; Gate: live order book, 14 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	3.02 bp	18.8 bp −$19	87.6 bp −$876	doesn't fit	doesn't fit
Sell Gate live order book, 14 min ago	8.56 bp	34.2 bp −$34	doesn't fit	doesn't fit	doesn't fit

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	+0.949%	$2K	$31K	5.5x	as long as short
OKX ZK-USDT-SWAPlong	+0.0072%	4h	0.01159	long leg	$942K	$2.3M	20x
BloFin ZK-USDT	+0.0086%	4h	0.01163	+0.388%	$212K	$24K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01162	+0.285%	$119K	$160K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01162	+0.259%	$583K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01162	+0.252%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01161	+0.173%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01160	+0.104%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01160	+0.069%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDTshort	+0.0100%	8h	0.01160	+0.086%	$314K	$256K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01160	+0.086%	$983K	$964K	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01161	+0.173%	$1.5M	$851K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01160	+0.078%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01163	+0.344%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01165	+0.518%	$154K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01163	+0.345%	$8K	$623K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1500%	1h	0.01163	+0.345%	$193K	$44K	25x	as long as short