Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Variational Omni against Aster−0.047%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 Variational Omni

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Variational 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 0.047% cheaper against Aster than usual: you would sell low and buy high, −$5 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	0.01172	0.0100	pay 0.0050% / 4h	2h 32m	$36K	$19K	10x
Short	Variational Omni ZK	0.01171	0.0100	get 0.0050% / 4h	2h 32m	$57K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → 0.000%: −$4.7
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12.7
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Aster and 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 16 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	−0.0194%	4h	0.01172	+0.007%	$1.0M	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.147%	$2K	$31K	5.5x	as long as short
Bybit ZKUSDT	+0.0063%	4h	0.01172	+0.050%	$5.0M	$2.6M	25x	as long as short
Lighter ZK	+0.0096%	1h	0.01173	+0.126%	$130K	$176K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01174	+0.212%	$583K	$237K	5x	as long as short
Aster ZKUSDTlong	+0.0100%	4h	0.01172	long leg	$36K	$19K	10x
Pacifica ZK	+0.0100%	1h	0.01171	−0.019%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01173	+0.129%	$4.8M	$9.3M	75x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01171	−0.061%	$326K	$238K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01171	−0.061%	$973K	$1.2M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01172	+0.024%	$1.5M	$856K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01172	+0.058%	—	$6.7M	—	as long as short
Variational Omni ZKshort	+0.0100%	4h	0.01171	−0.047%	$57K	$15K	—
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01172	+0.034%	$161K	$2.6M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01172	+0.024%	$9K	$625K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.0736%	1h	0.01174	+0.176%	$193K	$43K	25x	as long as short