Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Gate against ApeX Omni0.000%51s7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as 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−$1221.225% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.894%−$89 · spread now 0.000%, 7d avg −0.058%

Together, before fees−0.855%−$86 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: Gate is 0.058% dearer against ApeX Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.058%. The two prices were read 51 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	0.01183	0.0100	pay 0.0013% / 1h	2m 31s	$8K	$617K	50x
Short	Gate ZK_USDT	0.01183	0.0100	get 0.0100% / 8h	4h 02m	$325K	$250K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.058%: $5.78
Slippage, 4 orders: −$97.49
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$116.7
Costs to cover: 1.225%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 55 min ago; Gate: live order book, 53 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, 55 min ago	16.98 bp	28.1 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 53 min ago	4.21 bp	30.2 bp −$30	doesn't fit	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	−0.0003%	4h	0.01182	−0.051%	$1.0M	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.099%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0052%	4h	0.01184	+0.042%	$218K	$21K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01184	+0.085%	$136K	$180K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01185	+0.135%	$590K	$187K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01183	+0.016%	$32K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01183	0.000%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01183	+0.011%	$4.9M	$8.3M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01182	−0.093%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDTshort	+0.0100%	8h	0.01183	0.000%	$325K	$250K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01182	−0.085%	$971K	$1.4M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01183	0.000%	$1.5M	$841K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01182	−0.051%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01182	−0.077%	$58K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01186	+0.251%	$155K	$2.4M	10x	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01183	long leg	$8K	$617K	50x
Kraken Futures PF_ZKUSD	+0.1924%	1h	0.01188	+0.385%	$195K	$38K	25x	as long as short