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 +0.003%

Price spread now: Aster against Bybit+0.234%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.234% dearer against Bybit than usual: you sell high and buy low, +$23 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	Bybit ZKUSDT	0.01185	0.0100	pay 0.0050% / 4h	1h 17m	$5.1M	$2.5M	25x
Short	Aster ZKUSDT	0.01188	0.0100	get 0.0050% / 4h	1h 17m	$32K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.234%Rate

Funding earned: $0
Price spread: +0.234% → 0.000%: $23.38
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: $4.38
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Bybit: live order book, just now; Aster: 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 Bybit live order book, just now	2.95 bp	23.0 bp −$23	72.1 bp −$721	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZK-USDT-SWAP	−0.0014%	4h	0.01186	+0.051%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.266%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0093%	4h	0.01180	−0.430%	$217K	$21K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01188	+0.245%	$137K	$182K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01187	+0.186%	$590K	$221K	5x	as long as short
Aster ZKUSDTshort	+0.0100%	4h	0.01188	+0.234%	$32K	$20K	10x
Pacifica ZK	+0.0100%	1h	0.01186	+0.110%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01186	+0.050%	$4.9M	$8.7M	75x	as long as short
Bybit ZKUSDTlong	+0.0100%	4h	0.01185	long leg	$5.1M	$2.5M	25x
Gate ZK_USDT	+0.0100%	8h	0.01188	+0.253%	$332K	$235K	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	0.01188	+0.253%	$991K	$1.3M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01187	+0.169%	$1.5M	$843K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01187	+0.160%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01179	−0.512%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01183	−0.170%	$157K	$2.5M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01181	−0.338%	$8K	$621K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1576%	1h	0.01193	+0.703%	$196K	$39K	25x	as long as short