Funding you earn now, next payment 01:00 UTC−0.0223%/8h= −24.5% APRpaid last 24h −0.008%
Price spread now: OKX against ApeX Omni+0.042%110s7-day average −0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as 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−$890.887% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 3 days (all we have)−0.494%−$49 · spread now +0.042%, 7d avg −0.115%
=The price spread pays, funding is against you. OKX is 0.158% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.115%): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.032% in total) that is about 34 days. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| 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 | 7m 34s | $9K | $623K | 50x |
| Short | OKX ZK-USDT-SWAP | 0.01179 | −0.0123 | pay 0.0062% / 4h | 3h 07m | $1.0M | $2.3M | 20x |
ApeX Omni ZKUSDT
OKX ZK-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$46.92
- Price spread: +0.042% → −0.115%
- $15.77
- Slippage, 4 orders
- −$68.7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$119.85
- Costs to cover
- 0.887%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 65 min ago; OKX: live order book, 4 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, 65 min ago | 12.74 bp | 22.7 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 3.40 bp | 25.0 bp −$25 | 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-SWAPshort | −0.0123% | 4h | 0.01179 | +0.042% | $1.0M | $2.3M | 20x | |
| Bybit ZKUSDT | −0.0086% | 4h | 0.01178 | −0.085% | $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 |
| BloFin ZK-USDT | +0.0047% | 4h | 0.01180 | +0.110% | $216K | $22K | 75x | as long as short |
| Lighter ZK | +0.0096% | 1h | 0.01181 | +0.144% | $131K | $173K | 8x | as long as short |
| Hyperliquid ZK | +0.0100% | 1h | 0.01180 | +0.068% | $586K | $240K | 5x | as long as short |
| Aster ZKUSDT | +0.0100% | 4h | 0.01181 | +0.158% | $37K | $19K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01180 | +0.068% | $30K | $3K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01179 | −0.008% | $4.8M | $9.4M | 75x | as long as short |
| Gate ZK_USDT | +0.0100% | 8h | 0.01179 | 0.000% | $331K | $241K | 50x | as long as short |
Bybit ZKUSDT
Injective ZK/USDC PERP
BloFin ZK-USDT
Lighter ZK
Hyperliquid ZK
Aster ZKUSDT
Pacifica ZK
Binance ZKUSDT
Gate ZK_USDTShow 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% | $984K | $1.2M | 50x | as long as short |
| Bitget ZKUSDT | +0.0100% | 4h | 0.01180 | +0.085% | $1.5M | $848K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01180 | +0.119% | — | $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 | |
| Kraken Futures PF_ZKUSD | +0.1360% | 1h | 0.01181 | +0.183% | $195K | $43K | 25x | as long as short |
KuCoin ZKUSDTM
Bitget ZKUSDT
BingX ZK-USDT
Variational Omni ZK
GRVT ZK_USDT_Perp
Kraken Futures PF_ZKUSD