Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1391%/8h= +152.3% APRpaid last 24h +0.580%

Price spread now: Kraken Futures against Aster+0.320%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Kraken Futures

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

Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Kraken Futures is 0.320% dearer against Aster than usual: you sell high and buy low: +$32 more if the spread 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	0.01167	0.0100	pay 0.0050% / 4h	2h 30m	$36K	$19K	10x
Short	Kraken Futures PF_ZKUSD	0.01170	0.1491	get 0.0186% / 1h	30m 48s	$194K	$44K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.320%Rate

Funding earned: $292.11
Price spread: +0.320% → 0.000%: $31.99
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $306.1
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Kraken Futures: live order book, 56 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 Kraken Futures live order book, 56 min ago	33.62 bp	49.0 bp −$49	281.5 bp −$2,815	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	+0.291%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0079%	4h	0.01167	+0.009%	$212K	$35K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01168	+0.120%	$119K	$159K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01167	+0.077%	$586K	$238K	5x	as long as short
Aster ZKUSDTlong	+0.0100%	4h	0.01167	long leg	$36K	$19K	10x
Pacifica ZK	+0.0100%	1h	0.01166	−0.069%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01166	−0.034%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01166	−0.060%	$5.0M	$2.7M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01164	−0.249%	$951K	$2.3M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01166	−0.051%	$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	0.01165	−0.137%	$989K	$959K	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01166	−0.051%	$1.5M	$850K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01165	−0.103%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01164	−0.222%	$57K	$20K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01168	+0.120%	$160K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01167	+0.034%	$8K	$621K	50x	as long as short
Kraken Futures PF_ZKUSDshort	+0.1491%	1h	0.01170	+0.320%	$194K	$44K	25x