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: MEXC against OKX+0.020%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1081.082% of the position

Long on OKX Short on MEXC

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)−0.103%−$10 · spread now +0.020%, 7d avg −0.004%

Together, before fees−0.106%−$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: MEXC is 0.024% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZKP-USDT-SWAP	0.05028	0.0100	pay 0.0050% / 4h	56m 51s	$316K	$583K	20x
Short	MEXC ZKP_USDT	0.05029	0.0100	get 0.0050% / 4h	56m 51s	$1.2M	$209K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.004%: $2.43
Slippage, 4 orders: −$94.17
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$105.74
Costs to cover: 1.082%
Break-even: never at this rate

Slippage from OKX: live order book, 44 min ago; MEXC: 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, 44 min ago	2.00 bp	41.0 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.99 bp	13.4 bp −$13	60.6 bp −$606	365.9 bp −$36.6K	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	+0.0099%	4h	0.05033	+0.099%	$216K	$48K	40x	as long as short
Binance ZKPUSDT	+0.0100%	4h	0.05030	+0.037%	$2.7M	$2.9M	40x	as long as short
Bybit ZKPUSDT	+0.0100%	4h	0.05021	−0.139%	$1.2M	$1.0M	25x	as long as short
OKX ZKP-USDT-SWAPlong	+0.0100%	4h	0.05028	long leg	$316K	$583K	20x
Gate ZKP_USDT	+0.0100%	4h	0.05024	−0.080%	$320K	$190K	25x	as long as short
MEXC ZKP_USDTshort	+0.0100%	4h	0.05029	+0.020%	$1.2M	$209K	20x
KuCoin ZKPUSDTM	+0.0100%	4h	0.05024	−0.080%	$582K	$493K	20x	as long as short
Bitget ZKPUSDT	+0.0100%	4h	0.05029	+0.020%	$310K	$272K	20x	as long as short
BingX ZKP-USDT	+0.0100%	4h	0.05026	−0.040%	—	$6.6M	—	as long as short
Aster ZKPUSDT	+0.0345%	4h	0.05021	−0.149%	$27K	$84K	5x	as long as short