Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.017%

Price spread now: Aster against Injective−0.235%67s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Aster

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.235% cheaper against Injective than usual: you would sell low and buy high (spread −0.235% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 12 days of funding at the current rate (+$2 a day). The two prices were read 67 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	Injective ZK/USDC PERP	0.01170	0.0033	pay 0.0004% / 1h	40m 10s	$2K	$31K	5.5x
Short	Aster ZKUSDT	0.01167	0.0100	get 0.0050% / 4h	1h 40m	$36K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −0.235%Rate

Funding earned: $14
Price spread: −0.235% → 0.000%: −$23.5
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.52
Costs to cover: 0.080%
Break-even: 15.8 days

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Injective and 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	−0.0006%	4h	0.01165	−0.427%	$943K	$2.3M	20x	as long as short
Injective ZK/USDC PERPlong	+0.0033%	1h	0.01170	long leg	$2K	$31K	5.5x
BloFin ZK-USDT	+0.0052%	4h	0.01166	−0.368%	$211K	$25K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01168	−0.171%	$119K	$157K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01167	−0.265%	$585K	$236K	5x	as long as short
Aster ZKUSDTshort	+0.0100%	4h	0.01167	−0.235%	$36K	$19K	10x
Pacifica ZK	+0.0100%	1h	0.01165	−0.393%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01166	−0.363%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01165	−0.402%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01167	−0.256%	$315K	$244K	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	0.01165	−0.427%	$988K	$968K	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01166	−0.342%	$1.5M	$856K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01166	−0.376%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01166	−0.379%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01165	−0.427%	$160K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01165	−0.427%	$8K	$622K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1294%	1h	0.01169	−0.100%	$194K	$43K	25x	as long as short