Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against BingX+0.194%98s7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1021.023% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.669%+$67 · spread now +0.194%, 7d avg +0.094%

Together, before fees+0.630%+$63 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 0.100% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.094%. The two prices were read 98 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZK-USDT	0.01184	0.0100	pay 0.0050% / 4h	47m 57s	—	$6.6M	—
Short	ApeX Omni ZKUSDT	0.01186	0.0100	get 0.0013% / 1h	47m 57s	$8K	$618K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.194%Rate

Funding earned: $0
Price spread: +0.194% → +0.094%: $10.03
Slippage, 4 orders: −$82.33
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$92.3
Costs to cover: 1.023%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; ApeX Omni: live order book, 10 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 BingX live order book, 4 min ago	4.22 bp	27.1 bp −$27	58.4 bp −$584	420.5 bp −$42.0K	627.6 bp −$313.8K
Sell ApeX Omni live order book, 10 min ago	16.98 bp	27.5 bp −$28	doesn't fit	doesn't fit	doesn't fit

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	0.01183	−0.051%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.157%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01185	+0.101%	$137K	$179K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01185	+0.152%	$588K	$222K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01183	−0.063%	$32K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01182	−0.144%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01184	+0.025%	$4.9M	$8.6M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01184	−0.017%	$5.1M	$2.5M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01183	−0.059%	$330K	$230K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01182	−0.144%	$975K	$1.3M	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	0.01183	−0.059%	$1.5M	$836K	75x	as long as short
BingX ZK-USDTlong	+0.0100%	4h	0.01184	long leg	—	$6.6M	—
Variational Omni ZK	+0.0100%	4h	0.01184	+0.004%	$58K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01189	+0.448%	$158K	$2.4M	10x	as long as short
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01186	+0.194%	$8K	$618K	50x
BloFin ZK-USDT	+0.0138%	4h	0.01182	−0.152%	$217K	$21K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1926%	1h	0.01186	+0.231%	$195K	$39K	25x	as long as short