Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Aster−0.056%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 Binance

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: Binance is 0.056% cheaper against Aster than usual: you would sell low and buy high, −$6 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	0.01165	0.0100	pay 0.0050% / 4h	2h 39m	$36K	$19K	10x
Short	Binance ZKUSDT	0.01165	0.0100	get 0.0050% / 4h	2h 39m	$4.7M	$10.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → 0.000%: −$5.59
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.59
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Binance: live order book, 15 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 Binance live order book, 15 min ago	1.29 bp	18.1 bp −$18	56.0 bp −$560	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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.410%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0053%	4h	0.01164	−0.080%	$213K	$35K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01167	+0.109%	$119K	$159K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01166	+0.058%	$586K	$238K	5x	as long as short
Aster ZKUSDTlong	+0.0100%	4h	0.01165	long leg	$36K	$19K	10x
Pacifica ZK	+0.0100%	1h	0.01164	−0.080%	$29K	$3K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01165	−0.056%	$4.7M	$10.0M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01164	−0.114%	$5.0M	$2.7M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01163	−0.148%	$951K	$2.3M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01165	−0.020%	$316K	$256K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01164	−0.105%	$990K	$960K	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01164	−0.105%	$1.5M	$854K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01164	−0.088%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01163	−0.174%	$57K	$20K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01166	+0.035%	$160K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01164	−0.105%	$8K	$621K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1494%	1h	0.01168	+0.209%	$193K	$44K	25x	as long as short