Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: KuCoin against ApeX Omni−1.247%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$335as in the Funding arb table

Net, price: spread back to 7d avg − costs−$456as in the Price arb table

costs, in and out, $10k−$3353.348% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.188%−$19 · spread now −1.247%, 7d avg −0.038%

Together, before fees−0.186%−$19 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: KuCoin is 1.209% cheaper against ApeX Omni than usual: you would sell low and buy high, −$121 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZKUSDT	0.01203	0.0100	pay 0.0013% / 1h	54m 52s	$8K	$633K	50x
Short	KuCoin ZKUSDTM	0.01188	0.0100	get 0.0050% / 4h	2h 54m	$961K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −1.247%Rate

Funding earned: $0
Price spread: −1.247% → −0.038%: −$120.86
Slippage, 4 orders: −$312.85
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$455.7
Costs to cover: 3.348%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 38 min ago; KuCoin: live order book, 1 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, 38 min ago	12.52 bp	23.1 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	8.38 bp	112.5 bp −$112	281.0 bp −$2,810	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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−2.743%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0051%	4h	0.01193	−0.840%	$215K	$26K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01187	−1.347%	$126K	$176K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01188	−1.222%	$591K	$173K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01189	−1.160%	$33K	$22K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01195	−0.665%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01188	−1.259%	$4.9M	$7.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01187	−1.305%	$5.0M	$2.5M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01185	−1.455%	$1.0M	$2.1M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01188	−1.247%	$299K	$259K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTMshort	+0.0100%	4h	0.01188	−1.247%	$961K	$1.7M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01188	−1.247%	$1.4M	$843K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01187	−1.313%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01200	−0.252%	$58K	$8K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01204	+0.083%	$157K	$2.1M	10x	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01203	long leg	$8K	$633K	50x
Kraken Futures PF_ZKUSD	+0.4567%	1h	0.01196	−0.563%	$209K	$42K	25x	as long as short