Settings8H · net · $10k
Funding arb · Price arb /

ZK

all ZK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0043%/8h= −4.7% APRnext payment $0.21 per $10,000 · paid last 24h −0.007%
Price spread now: Variational Omni against BloFin−0.380%116s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.380% cheaper against BloFin than usual: you would sell low and buy high (−$38 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 116 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZK-USDT0.011550.0143pay 0.0071% / 4h2h 21m$212K$17K75x
ShortVariational Omni ZK0.011510.0100get 0.0050% / 4h2h 21m$56K$13K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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

Funding earned
−$8.98
Price spread: −0.380% → 0.000%
−$37.99
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$58.97
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 60 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 60 min ago4.68 bp15.7 bp −$1650.6 bp −$506doesn't fitdoesn't fit
Sell Variational Omni no order-book sample
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 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZK-USDT-SWAP−0.0132%4h0.01159+0.286%$989K$2.1M20xas long as short
Injective ZK/USDC PERP+0.0033%1h0.01170+1.255%$2K$31K5.5xas long as short
Lighter ZK+0.0096%1h0.01160+0.415%$125K$193K8xas long as short
Hyperliquid ZK+0.0100%1h0.01161+0.467%$578K$179K5xas long as short
Aster ZKUSDT+0.0100%4h0.01161+0.446%$31K$21K10xas long as short
Pacifica ZK+0.0100%1h0.01159+0.338%$28K$3K5xas long as short
Binance ZKUSDT+0.0100%4h0.01160+0.402%$4.8M$8.0M75xas long as short
Bybit ZKUSDT+0.0100%4h0.01159+0.329%$5.0M$2.4M25xas long as short
Gate ZK_USDT+0.0100%8h0.01159+0.303%$295K$264K50xas long as short
KuCoin ZKUSDTM+0.0100%4h0.01159+0.303%$952K$1.5M50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZKUSDT+0.0100%4h0.01159+0.303%$1.4M$899K75xas long as short
BingX ZK-USDT+0.0100%4h0.01160+0.372%$6.7Mas long as short
Variational Omni ZKshort+0.0100%4h0.01151−0.380%$56K$13K
GRVT ZK_USDT_Perp+0.0100%4h0.01156+0.043%$159K$2.3M10xas long as short
ApeX Omni ZKUSDT+0.0100%1h0.01155−0.043%$8K$624K50xas long as short
BloFin ZK-USDTlong+0.0143%4h0.01155long leg$212K$17K75x
Kraken Futures PF_ZKUSD+0.1283%1h0.01162+0.535%$191K$35K25xas long as short