Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: OKX against BingX+0.100%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1571.565% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.100%, 7d avg +0.023%

Together, before fees+0.011%+$1 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 0.077% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZKP-USDT	0.05007	0.0100	pay 0.0050% / 4h	2h 49m	—	$6.6M	—
Short	OKX ZKP-USDT-SWAP	0.05012	0.0100	get 0.0050% / 4h	2h 49m	$320K	$566K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against BingX. 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 BingXbpFee OKXbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → +0.023%: $7.73
Slippage, 4 orders: −$136.55
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$148.81
Costs to cover: 1.565%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; OKX: live order book, 62 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 BingX live order book, 8 min ago	4.00 bp	25.5 bp −$25	128.4 bp −$1,284	doesn't fit	doesn't fit
Sell OKX live order book, 62 min ago	4.96 bp	50.1 bp −$50	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
Aster ZKPUSDT	+0.0100%	4h	0.05004	−0.059%	$27K	$83K	5x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05011	+0.084%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.05004	−0.060%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAPshort	+0.0100%	4h	0.05012	+0.100%	$320K	$566K	20x
Gate ZKP_USDT	+0.0100%	4h	0.05006	−0.020%	$318K	$177K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05010	+0.060%	$1.2M	$208K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05008	+0.020%	$580K	$502K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05012	+0.100%	$308K	$278K	20x	as long as short
BingX ZKP-USDTlong	+0.0100%	4h	0.05007	long leg	—	$6.6M	—
BloFin ZKP-USDT	+0.0157%	4h	0.05022	+0.300%	$222K	$46K	40x	as long as short