ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0634%/8h= +69.4% APRnext payment +$0.79 per $10,000 · paid last 24h +0.576%

Price spread now: Kraken Futures against ApeX Omni+0.356%45s7-day average +0.178% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as 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−$2352.345% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.315%+$132 on $10k

Price spread, last 3 days (all we have)−0.176%−$18 · spread now +0.356%, 7d avg +0.178%

Together, before fees+1.139%+$114 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Kraken Futures is 0.179% dearer against ApeX Omni than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.178%. The two prices were read 45 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	0.01173	0.0100	pay 0.0013% / 1h	3m 34s	$9K	$623K	50x
Short	Kraken Futures PF_ZKUSD	0.01177	0.0734	get 0.0092% / 1h	3m 34s	$194K	$43K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.356%Rate

Funding earned: $133.18
Price spread: +0.356% → +0.178%: $17.89
Slippage, 4 orders: −$214.54
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$83.47
Costs to cover: 2.345%
Break-even: 11.4 days

Slippage from ApeX Omni: live order book, 64 min ago; Kraken Futures: live order book, 64 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, 64 min ago	12.71 bp	23.0 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 64 min ago	38.06 bp	50.9 bp −$51	233.2 bp −$2,332	doesn't fit	doesn't fit

ZK on 16 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	−0.0118%	4h	0.01172	−0.068%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.256%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01177	+0.307%	$136K	$182K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01176	+0.298%	$584K	$229K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01175	+0.162%	$31K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01174	+0.111%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01174	+0.059%	$4.8M	$9.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01173	+0.017%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01174	+0.085%	$327K	$243K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01174	+0.085%	$977K	$1.2M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01173	0.000%	$1.5M	$861K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01174	+0.060%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01172	−0.073%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01174	+0.085%	$155K	$2.6M	10x	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01173	long leg	$9K	$623K	50x
Kraken Futures PF_ZKUSDshort	+0.0734%	1h	0.01177	+0.356%	$194K	$43K	25x