Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against Aster−0.127%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.127% cheaper against Aster than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZKUSDT	0.01166	0.0100	pay 0.0050% / 4h	1h 43m	$36K	$19K	10x
Short	ApeX Omni ZKUSDT	0.01165	0.0100	get 0.0013% / 1h	43m 26s	$8K	$622K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → 0.000%: −$12.73
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$30.73
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; ApeX Omni: live order book, 39 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 39 min ago	12.83 bp	26.3 bp −$26	doesn't fit	doesn't fit	doesn't fit

Aster: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZK-USDT-SWAP	−0.0007%	4h	0.01164	−0.204%	$943K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.301%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01168	+0.104%	$119K	$156K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01166	−0.033%	$585K	$236K	5x	as long as short
Aster ZKUSDTlong	+0.0100%	4h	0.01166	long leg	$36K	$19K	10x
Pacifica ZK	+0.0100%	1h	0.01165	−0.093%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01166	−0.033%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01165	−0.127%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01165	−0.127%	$315K	$244K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01165	−0.127%	$987K	$966K	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	0.01166	−0.042%	$1.5M	$856K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01165	−0.127%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01161	−0.458%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01165	−0.127%	$160K	$2.9M	10x	as long as short
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01165	−0.127%	$8K	$622K	50x
BloFin ZK-USDT	+0.0120%	4h	0.01162	−0.427%	$211K	$24K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1293%	1h	0.01169	+0.248%	$194K	$43K	25x	as long as short