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 0.000%

Price spread now: KuCoin against OKX+0.020%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$583as in the Funding arb table

Net, price: spread back to 7d avg − costs−$575as in the Price arb table

costs, in and out, $10k−$5835.827% of the position

Long on OKX Short on KuCoin

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)−0.125%−$13 · spread now +0.020%, 7d avg −0.059%

Together, before fees−0.128%−$13 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: KuCoin is 0.079% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZKP-USDT-SWAP	0.05000	0.0100	pay 0.0050% / 4h	1h 39m	$315K	$579K	20x
Short	KuCoin ZKPUSDTM	0.05001	0.0100	get 0.0050% / 4h	1h 39m	$578K	$498K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.059%: $7.9
Slippage, 4 orders: −$560.65
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$574.75
Costs to cover: 5.827%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; KuCoin: live order book, 5 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, 1 min ago	2.00 bp	41.0 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	11.97 bp	244.7 bp −$245	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	0.05003	+0.062%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.04997	−0.060%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAPlong	+0.0100%	4h	0.05000	long leg	$315K	$579K	20x
Gate ZKP_USDT	+0.0100%	4h	0.05001	+0.020%	$317K	$187K	25x	as long as short
MEXC ZKP_USDT	+0.0100%	4h	0.05002	+0.040%	$1.2M	$210K	20x	as long as short
KuCoin ZKPUSDTMshort	+0.0100%	4h	0.05001	+0.020%	$578K	$498K	20x
Bitget ZKPUSDT	+0.0100%	4h	0.05003	+0.060%	$304K	$274K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05000	0.000%	—	$6.6M	—	as long as short
BloFin ZKP-USDT	+0.0132%	4h	0.05016	+0.320%	$213K	$48K	40x	as long as short
Aster ZKPUSDT	+0.0328%	4h	0.05006	+0.122%	$27K	$83K	5x	as long as short