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 −0.006%

Price spread now: Bybit against OKX−0.020%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$232as in the Price arb table

costs, in and out, $10k−$2382.380% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.020%, 7d avg −0.077%

Together, before fees+0.124%+$12 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: Bybit is 0.057% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZKP-USDT-SWAP	0.05023	0.0100	pay 0.0050% / 4h	1h 06m	$332K	$568K	20x
Short	Bybit ZKPUSDT	0.05022	0.0100	get 0.0050% / 4h	1h 06m	$1.2M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.077%: $5.67
Slippage, 4 orders: −$216.97
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$232.3
Costs to cover: 2.380%
Break-even: never at this rate

Slippage from OKX: live order book, 54 min ago; Bybit: live order book, 4 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, 54 min ago	4.01 bp	48.4 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	5.97 bp	77.9 bp −$78	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	+0.0067%	4h	0.05034	+0.219%	$215K	$45K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05030	+0.130%	$2.7M	$2.8M	40x	as long as short
Bybit ZKPUSDTshort	+0.0100%	4h	0.05022	−0.020%	$1.2M	$1.0M	25x
OKX ZKP-USDT-SWAPlong	+0.0100%	4h	0.05023	long leg	$332K	$568K	20x
Gate ZKP_USDT	+0.0100%	4h	0.05031	+0.159%	$327K	$189K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05029	+0.119%	$1.2M	$208K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.05030	+0.139%	$580K	$521K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05029	+0.119%	$309K	$271K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05028	+0.100%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0312%	4h	0.05030	+0.132%	$27K	$84K	5x	as long as short