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 +0.078%

Price spread now: Gate against OKX−0.341%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$290as in the Funding arb table

Net, price: spread back to 7d avg − costs−$372as in the Price arb table

costs, in and out, $10k−$3403.399% of the position

Long on OKX Short on Gate

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)+0.316%+$32 · spread now −0.341%, 7d avg −0.016%

Together, before fees+0.811%+$81 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: Gate is 0.325% cheaper against OKX than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZKP-USDT-SWAP	0.04981	0.0100	pay 0.0050% / 4h	2h 41m	$333K	$579K	20x
Short	Gate ZKP_USDT	0.04964	0.0100	get 0.0050% / 4h	2h 41m	$330K	$179K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.341%Rate

Funding earned: $0
Price spread: −0.341% → −0.016%: −$32.54
Slippage, 4 orders: −$314.9
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$372.43
Costs to cover: 3.399%
Break-even: never at this rate

Slippage from OKX: live order book, 25 min ago; Gate: live order book, 24 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, 25 min ago	3.00 bp	42.1 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 24 min ago	12.02 bp	42.8 bp −$43	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	0.04975	−0.120%	$2.7M	$2.7M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04970	−0.221%	$1.2M	$977K	25x	as long as short
OKX ZKP-USDT-SWAPlong	+0.0100%	4h	0.04981	long leg	$333K	$579K	20x
Gate ZKP_USDTshort	+0.0100%	4h	0.04964	−0.341%	$330K	$179K	25x
MEXC ZKP_USDT	+0.0100%	4h	0.04975	−0.120%	$1.2M	$190K	20x	as long as short
KuCoin ZKPUSDTM	+0.0100%	4h	0.04972	−0.181%	$584K	$535K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.04979	−0.040%	$296K	$263K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.04973	−0.161%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0128%	4h	0.04958	−0.462%	$215K	$41K	40x	as long as short
Aster ZKPUSDT	+0.0412%	4h	0.04966	−0.296%	$23K	$80K	5x	as long as short