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 +0.002%

Price spread now: OKX against KuCoin+0.020%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$640as in the Funding arb table

Net, price: spread back to 7d avg − costs−$644as in the Price arb table

costs, in and out, $10k−$6406.402% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.085%+$9 · spread now +0.020%, 7d avg +0.060%

Together, before fees+0.088%+$9 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 0.040% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKPUSDTM	0.04977	0.0100	pay 0.0050% / 4h	3h 21m	$581K	$537K	20x
Short	OKX ZKP-USDT-SWAP	0.04978	0.0100	get 0.0050% / 4h	3h 21m	$331K	$551K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.060%: −$3.95
Slippage, 4 orders: −$618.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$644.18
Costs to cover: 6.402%
Break-even: never at this rate

Slippage from KuCoin: live order book, 31 min ago; OKX: live order book, 49 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 KuCoin live order book, 31 min ago	12.06 bp	266.3 bp −$266	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 49 min ago	3.01 bp	46.4 bp −$46	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	0.04979	+0.040%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04972	−0.100%	$1.2M	$968K	25x	as long as short
OKX ZKP-USDT-SWAPshort	+0.0100%	4h	0.04978	+0.020%	$331K	$551K	20x
Gate ZKP_USDT	+0.0100%	4h	0.04976	−0.020%	$333K	$180K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04982	+0.100%	$1.2M	$191K	20x	as long as short
KuCoin ZKPUSDTMlong	+0.0100%	4h	0.04977	long leg	$581K	$537K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.04979	+0.040%	$294K	$258K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04977	0.000%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0150%	4h	0.04985	+0.161%	$225K	$41K	40x	as long as short
Aster ZKPUSDT	+0.0323%	4h	0.04977	−0.005%	$24K	$80K	5x	as long as short