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 −0.061%

Price spread now: OKX against Gate+0.060%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$280as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$2312.305% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.495%−$50 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.060%, 7d avg +0.019%

Together, before fees−0.511%−$51 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 0.041% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZKP_USDT	0.05007	0.0100	pay 0.0050% / 4h	1h 49m	$316K	$179K	25x
Short	OKX ZKP-USDT-SWAP	0.05010	0.0100	get 0.0050% / 4h	1h 49m	$316K	$581K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.019%: $4.13
Slippage, 4 orders: −$205.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$226.38
Costs to cover: 2.305%
Break-even: never at this rate

Slippage from Gate: live order book, 56 min ago; OKX: live order book, 57 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 Gate live order book, 56 min ago	5.02 bp	45.9 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 57 min ago	5.01 bp	44.2 bp −$44	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
BloFin ZKP-USDT	+0.0091%	4h	0.05007	0.000%	$214K	$48K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05011	+0.080%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.05002	−0.100%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAPshort	+0.0100%	4h	0.05010	+0.060%	$316K	$581K	20x
Gate ZKP_USDTlong	+0.0100%	4h	0.05007	long leg	$316K	$179K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.05011	+0.080%	$1.2M	$210K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05003	−0.080%	$579K	$498K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05013	+0.120%	$306K	$274K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05006	−0.020%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0266%	4h	0.05006	−0.014%	$27K	$83K	5x	as long as short