ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.010%

Price spread now: Lighter against ApeX Omni+0.229%7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$840.841% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 3 days (all we have)−0.612%−$61 · spread now +0.229%, 7d avg −0.062%

Together, before fees−0.756%+ Points / potential airdropLighter: Season 3 · farm board−$76 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: Lighter is 0.291% dearer against ApeX Omni than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.062%.

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	9m 28s	$9K	$623K	50x
Short	Lighter ZK	0.01182	0.0096	get 0.0012% / 1h	9m 28s	$131K	$173K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.229%Rate

Funding earned: −$0.84
Price spread: +0.229% → −0.062%: $29.07
Slippage, 4 orders: −$74.12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$55.9
Costs to cover: 0.841%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 63 min ago; Lighter: live order book, 45 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, 63 min ago	12.74 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 45 min ago	8.02 bp	10.5 bp −$11	67.8 bp −$678	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	−0.0114%	4h	0.01178	−0.068%	$1.0M	$2.3M	20x	as long as short
Bybit ZKUSDT	−0.0043%	4h	0.01179	+0.034%	$5.0M	$2.6M	25x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.763%	$2K	$31K	5.5x	as long as short
Lighter ZKshort	+0.0096%	1h	0.01182	+0.229%	$131K	$173K	8x
Hyperliquid ZK	+0.0100%	1h	0.01181	+0.170%	$586K	$240K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01180	+0.058%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01180	+0.085%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01180	+0.102%	$4.8M	$9.4M	75x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01180	+0.085%	$332K	$241K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01178	−0.085%	$983K	$1.2M	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	0.01180	+0.085%	$1.5M	$846K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01180	+0.051%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01177	−0.169%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01178	−0.085%	$164K	$2.7M	10x	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01179	long leg	$9K	$623K	50x
BloFin ZK-USDT	+0.0113%	4h	0.01180	+0.051%	$215K	$22K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1360%	1h	0.01181	+0.168%	$194K	$43K	25x	as long as short