Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Aster against ApeX Omni+0.332%89s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.332% dearer against ApeX Omni than usual: you sell high and buy low, +$33 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZKUSDT	0.01177	0.0100	pay 0.0013% / 1h	8m 02s	$9K	$628K	50x
Short	Aster ZKUSDT	0.01181	0.0100	get 0.0050% / 4h	8m 02s	$37K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.332%Rate

Funding earned: $0
Price spread: +0.332% → 0.000%: $33.17
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $15.17
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 5 min ago; Aster: no order-book sample. Net counts fees only.

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 ApeX Omni live order book, 5 min ago	12.74 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZK on 17 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
OKX ZK-USDT-SWAP	−0.0054%	4h	0.01179	+0.127%	$989K	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.595%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01182	+0.408%	$129K	$168K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01181	+0.340%	$600K	$238K	5x	as long as short
Aster ZKUSDTshort	+0.0100%	4h	0.01181	+0.332%	$37K	$19K	10x
Pacifica ZK	+0.0100%	1h	0.01179	+0.212%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01180	+0.240%	$4.8M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01179	+0.195%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01179	+0.170%	$321K	$246K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01179	+0.170%	$985K	$1.1M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01180	+0.255%	$1.5M	$864K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01179	+0.204%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01177	−0.023%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01178	+0.126%	$154K	$2.8M	10x	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01177	long leg	$9K	$628K	50x
BloFin ZK-USDT	+0.0125%	4h	0.01179	+0.204%	$214K	$24K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1407%	1h	0.01183	+0.500%	$195K	$44K	25x	as long as short