Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Injective+0.684%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Gate

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—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.684% dearer against Injective than usual: you sell high and buy low: +$68 more if the spread 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	Injective ZK/USDC PERP	0.01170	0.0033	pay 0.0004% / 1h	9m 08s	$2K	$31K	5.5x
Short	Gate ZK_USDT	0.01178	0.0100	get 0.0100% / 8h	9m 08s	$321K	$246K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.684%Rate

Funding earned: $14
Price spread: +0.684% → 0.000%: $68.38
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $67.36
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Gate: live order book, 1 min ago. 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 Gate live order book, 1 min ago	4.24 bp	29.2 bp −$29	doesn't fit	doesn't fit	doesn't fit

Injective: 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	−0.0053%	4h	0.01178	+0.667%	$990K	$2.4M	20x	as long as short
Injective ZK/USDC PERPlong	+0.0033%	1h	0.01170	long leg	$2K	$31K	5.5x
Lighter ZK	+0.0096%	1h	0.01181	+0.966%	$129K	$168K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01181	+0.932%	$600K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01179	+0.811%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01180	+0.829%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01179	+0.787%	$4.8M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01179	+0.752%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDTshort	+0.0100%	8h	0.01178	+0.684%	$321K	$246K	50x
KuCoin ZKUSDTM	+0.0100%	4h	0.01179	+0.769%	$986K	$1.1M	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	0.01179	+0.769%	$1.5M	$864K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01179	+0.735%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01177	+0.575%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01178	+0.725%	$154K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01177	+0.598%	$9K	$628K	50x	as long as short
BloFin ZK-USDT	+0.0125%	4h	0.01179	+0.803%	$214K	$24K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1407%	1h	0.01182	+1.055%	$195K	$44K	25x	as long as short