Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Binance against ApeX Omni−0.432%79s7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$970.970% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.420%−$42 · spread now −0.432%, 7d avg −0.082%

Together, before fees−0.407%−$41 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: Binance is 0.351% cheaper against ApeX Omni than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.082%. The two prices were read 79 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	0.01176	0.0100	pay 0.0013% / 1h	8m 06s	$8K	$619K	50x
Short	Binance ZKUSDT	0.01171	0.0100	get 0.0050% / 4h	3h 08m	$4.8M	$8.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.432%Rate

Funding earned: $0
Price spread: −0.432% → −0.082%: −$35.07
Slippage, 4 orders: −$77.01
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$132.07
Costs to cover: 0.970%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 45 min ago; Binance: live order book, 16 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 ApeX Omni live order book, 45 min ago	16.85 bp	26.4 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.43 bp	21.3 bp −$21	60.7 bp −$607	doesn't fit	doesn't fit

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	−0.0049%	4h	0.01170	−0.476%	$995K	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.510%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01172	−0.332%	$127K	$189K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01171	−0.383%	$585K	$188K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01172	−0.354%	$31K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01170	−0.536%	$29K	$3K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01171	−0.432%	$4.8M	$8.1M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01170	−0.476%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01169	−0.595%	$300K	$263K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01170	−0.510%	$962K	$1.4M	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	0.01170	−0.510%	$1.5M	$846K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01170	−0.502%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01171	−0.414%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01174	−0.170%	$159K	$2.3M	10x	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01176	long leg	$8K	$619K	50x
BloFin ZK-USDT	+0.0114%	4h	0.01172	−0.323%	$214K	$20K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1338%	1h	0.01174	−0.159%	$193K	$36K	25x	as long as short