Settings8H · net · $10k
Funding arb · Price arb /

ZK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: Variational Omni against ApeX Omni+0.021%73s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.021% dearer against ApeX Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZKUSDT0.011840.0100pay 0.0013% / 1h0m 08s$8K$617K50x
ShortVariational Omni ZK0.011840.0100get 0.0050% / 4h0m 08s$58K$15K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Funding earned
$0
Price spread: +0.021% → 0.000%
$2.05
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$7.95
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 58 min ago; Variational Omni: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 58 min ago16.98 bp28.1 bp −$28doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni no order-book sample
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZK on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZK-USDT-SWAP+0.0006%4h0.01183−0.068%$1.0M$2.2M20xas long as short
Injective ZK/USDC PERP+0.0033%1h0.01170−1.182%$2K$31K5.5xas long as short
Lighter ZK+0.0096%1h0.01186+0.186%$136K$180K8xas long as short
Hyperliquid ZK+0.0100%1h0.01186+0.152%$590K$188K5xas long as short
Aster ZKUSDT+0.0100%4h0.01185+0.093%$32K$21K10xas long as short
Pacifica ZK+0.0100%1h0.01185+0.051%$30K$3K5xas long as short
Binance ZKUSDT+0.0100%4h0.01185+0.062%$4.9M$8.3M75xas long as short
Bybit ZKUSDT+0.0100%4h0.01184+0.008%$5.1M$2.4M25xas long as short
Gate ZK_USDT+0.0100%8h0.011840.000%$326K$251K50xas long as short
KuCoin ZKUSDTM+0.0100%4h0.01183−0.084%$971K$1.4M50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZKUSDT+0.0100%4h0.011840.000%$1.5M$840K75xas long as short
BingX ZK-USDT+0.0100%4h0.01184−0.025%$6.7Mas long as short
Variational Omni ZKshort+0.0100%4h0.01184+0.021%$58K$15K
GRVT ZK_USDT_Perp+0.0100%4h0.01184−0.041%$161K$2.4M10xas long as short
ApeX Omni ZKUSDTlong+0.0100%1h0.01184long leg$8K$617K50x
BloFin ZK-USDT+0.0137%4h0.01183−0.118%$218K$21K75xas long as short
Kraken Futures PF_ZKUSD+0.1923%1h0.01188+0.351%$195K$38K25xas long as short