Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against Gate+0.347%111s7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as 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−$1221.218% of the position

Long on Gate 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)+0.243%+$24 · spread now +0.347%, 7d avg +0.057%

Together, before fees+0.204%+$20 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% dearer against Gate than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.057%. The two prices were read 111 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	Gate ZK_USDT	0.01153	0.0100	pay 0.0100% / 8h	2h 23m	$293K	$264K	50x
Short	ApeX Omni ZKUSDT	0.01157	0.0100	get 0.0013% / 1h	23m 42s	$8K	$625K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.347%Rate

Funding earned: $0
Price spread: +0.347% → +0.057%: $28.94
Slippage, 4 orders: −$96.76
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$92.82
Costs to cover: 1.218%
Break-even: never at this rate

Slippage from Gate: live order book, 21 min ago; ApeX Omni: live order book, 24 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 Gate live order book, 21 min ago	8.56 bp	28.8 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 24 min ago	12.80 bp	26.4 bp −$26	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	−0.0139%	4h	0.01152	−0.061%	$983K	$2.1M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+1.474%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01155	+0.208%	$124K	$193K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01155	+0.165%	$575K	$178K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01155	+0.139%	$31K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01154	+0.113%	$28K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01155	+0.156%	$4.8M	$8.1M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01154	+0.052%	$5.0M	$2.4M	25x	as long as short
Gate ZK_USDTlong	+0.0100%	8h	0.01153	long leg	$293K	$264K	50x
KuCoin ZKUSDTM	+0.0100%	4h	0.01154	+0.087%	$950K	$1.5M	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	0.01155	+0.173%	$1.4M	$898K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01153	+0.035%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01151	−0.164%	$56K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01159	+0.520%	$160K	$2.3M	10x	as long as short
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01157	+0.347%	$8K	$625K	50x
BloFin ZK-USDT	+0.0107%	4h	0.01151	−0.130%	$211K	$17K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1290%	1h	0.01156	+0.268%	$190K	$35K	25x	as long as short