Funding arb · Price arb /

ZKP

all ZKP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX+0.041%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1491.487% of the position

Long on OKX Short on Binance

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)−0.106%−$11 · spread now +0.041%, 7d avg +0.012%

Together, before fees−0.108%−$11 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: Binance is 0.029% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZKP-USDT-SWAP	0.04984	0.0100	pay 0.0050% / 4h	1h 49m	$310K	$513K	20x
Short	Binance ZKPUSDT	0.04986	0.0100	get 0.0050% / 4h	1h 49m	$2.7M	$2.6M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.012%: $2.94
Slippage, 4 orders: −$128.73
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$145.79
Costs to cover: 1.487%
Break-even: never at this rate

Slippage from OKX: live order book, 59 min ago; Binance: live order book, 9 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, 59 min ago	3.01 bp	52.5 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.00 bp	27.2 bp −$27	207.6 bp −$2,076	doesn't fit	doesn't fit

ZKP on 10 exchanges

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	0.04992	+0.159%	$26K	$55K	5x	as long as short
Binance ZKPUSDTshort	+0.0100%	4h	0.04986	+0.041%	$2.7M	$2.6M	40x
Bybit ZKPUSDT	+0.0100%	4h	0.04977	−0.140%	$1.1M	$827K	25x	as long as short
OKX ZKP-USDT-SWAPlong	+0.0100%	4h	0.04984	long leg	$310K	$513K	20x
Gate ZKP_USDT	+0.0100%	4h	0.04987	+0.060%	$316K	$166K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.04986	+0.040%	$1.2M	$213K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04987	+0.060%	$584K	$459K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04989	+0.100%	$315K	$273K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04988	+0.080%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0156%	4h	0.04990	+0.120%	$217K	$45K	40x	as long as short