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: Bitget against ApeX Omni0.000%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$870.872% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 3 days (all we have)−0.588%−$59 · spread now 0.000%, 7d avg −0.022%

Together, before fees−0.551%−$55 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: Bitget is 0.022% dearer against ApeX Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZKUSDT	0.01179	0.0100	pay 0.0013% / 1h	6m 58s	$9K	$627K	50x
Short	Bitget ZKUSDT	0.01179	0.0100	get 0.0050% / 4h	6m 58s	$1.5M	$864K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.022%: $2.16
Slippage, 4 orders: −$65.21
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$85.05
Costs to cover: 0.872%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 6 min ago; Bitget: 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 ApeX Omni live order book, 6 min ago	12.74 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	8.49 bp	19.5 bp −$20	50.2 bp −$502	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	−0.0056%	4h	0.01179	+0.008%	$990K	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.763%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0074%	4h	0.01178	−0.127%	$214K	$24K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01181	+0.161%	$129K	$168K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01181	+0.161%	$600K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01179	+0.029%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01179	−0.025%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01179	+0.036%	$4.8M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01179	−0.042%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01179	0.000%	$321K	$247K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01178	−0.085%	$985K	$1.1M	50x	as long as short
Bitget ZKUSDTshort	+0.0100%	4h	0.01179	0.000%	$1.5M	$864K	75x
BingX ZK-USDT	+0.0100%	4h	0.01179	0.000%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01177	−0.193%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01179	+0.001%	$162K	$2.8M	10x	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01179	long leg	$9K	$627K	50x
Kraken Futures PF_ZKUSD	+0.1408%	1h	0.01181	+0.204%	$195K	$44K	25x	as long as short