Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: ApeX Omni against Binance−0.286%7-day average +0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$850.849% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+3.112%+$311 · spread now −0.286%, 7d avg +0.092%

Together, before fees+3.103%+$310 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.378% cheaper against Binance than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKUSDT	0.01175	0.0100	pay 0.0050% / 4h	2h 24m	$4.9M	$9.1M	75x
Short	ApeX Omni ZKUSDT	0.01172	0.0100	get 0.0013% / 1h	24m 56s	$9K	$624K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.286%Rate

Funding earned: $0
Price spread: −0.286% → +0.092%: −$37.79
Slippage, 4 orders: −$64.88
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$122.67
Costs to cover: 0.849%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; ApeX Omni: live order book, 43 min ago.

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 Binance live order book, 15 min ago	1.29 bp	21.7 bp −$22	76.0 bp −$760	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 43 min ago	12.71 bp	23.9 bp −$24	doesn't fit	doesn't fit	doesn't fit

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	−0.0168%	4h	0.01175	−0.065%	$1.0M	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.456%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01177	+0.148%	$131K	$176K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01176	+0.046%	$584K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01176	+0.038%	$37K	$15K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01175	−0.031%	$29K	$3K	5x	as long as short
Binance ZKUSDTlong	+0.0100%	4h	0.01175	long leg	$4.9M	$9.1M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01175	+0.012%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01174	−0.116%	$326K	$240K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01174	−0.116%	$976K	$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	0.01175	−0.031%	$1.5M	$857K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01175	−0.014%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01175	−0.052%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01174	−0.116%	$161K	$2.6M	10x	as long as short
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01172	−0.286%	$9K	$624K	50x
Kraken Futures PF_ZKUSD	+0.0733%	1h	0.01179	+0.271%	$194K	$43K	25x	as long as short