Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: ApeX Omni against Bybit−0.136%89s7-day average +0.152% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as 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−$920.921% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)+1.757%+$176 · spread now −0.136%, 7d avg +0.152%

Together, before fees+1.800%+$180 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 0.289% cheaper against Bybit than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.152%. The two prices were read 89 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	Bybit ZKUSDT	0.01173	0.0100	pay 0.0050% / 4h	1h 34m	$5.0M	$2.5M	25x
Short	ApeX Omni ZKUSDT	0.01171	0.0100	get 0.0013% / 1h	34m 04s	$9K	$620K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.136%Rate

Funding earned: $0
Price spread: −0.136% → +0.152%: −$28.87
Slippage, 4 orders: −$71.09
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$120.96
Costs to cover: 0.921%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; ApeX Omni: live order book, 29 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 Bybit live order book, 4 min ago	4.28 bp	20.5 bp −$21	74.1 bp −$741	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 29 min ago	12.79 bp	25.3 bp −$25	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	−0.0079%	4h	0.01172	−0.060%	$1.0M	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.222%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0068%	4h	0.01170	−0.247%	$215K	$20K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01175	+0.213%	$136K	$182K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01175	+0.196%	$585K	$221K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01173	+0.060%	$31K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01173	+0.034%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01173	+0.059%	$4.9M	$8.7M	75x	as long as short
Bybit ZKUSDTlong	+0.0100%	4h	0.01173	long leg	$5.0M	$2.5M	25x
Gate ZK_USDT	+0.0100%	8h	0.01173	+0.034%	$326K	$232K	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	0.01172	−0.051%	$977K	$1.3M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01173	+0.034%	$1.5M	$836K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01173	+0.034%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01171	−0.152%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01171	−0.163%	$155K	$2.5M	10x	as long as short
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01171	−0.136%	$9K	$620K	50x
Kraken Futures PF_ZKUSD	+0.1599%	1h	0.01177	+0.347%	$193K	$39K	25x	as long as short