Funding you earn now, next payment 12:00 UTC+0.2555%/8h= +279.8% APRnext payment +$3.19 per $10,000 · paid last 24h −1.103%
Price spread now: ApeX Omni against Kraken Futures−0.480%75s7-day average −0.197% · you buy dearer than you sell
Net, funding: paid 7d − costs−$408as 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−$1731.732% of the position
Funding, last 7 days−2.351%−$235 on $10k
+Price spread, last 4 days (all we have)+0.392%+$39 · spread now −0.480%, 7d avg −0.197%
=Funding pays, the price is against you. ApeX Omni is 0.283% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.480% now, against its 7-day average of −0.197%). If the spread goes back, that is −$28 on $10k: about 9 hours of funding at the current rate (+$77 a day). Mind the row above: over the last 7 days funding on this pair cost −2.351%, so the current rate has only just turned in your favour. The two prices were read 75 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 | Kraken Futures PF_ZKUSD | 0.01196 | −0.2455 | get 0.0307% / 1h | 47m 45s | $210K | $57K | 25x |
| Short | ApeX Omni ZKUSDT | 0.01190 | 0.0100 | get 0.0013% / 1h | 47m 45s | $8K | $637K | 50x |
Kraken Futures PF_ZKUSD
ApeX Omni ZKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $536.63
- Price spread: −0.480% → −0.197%
- −$28.32
- Slippage, 4 orders
- −$153.24
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $335.07
- Costs to cover
- 1.732%
- Break-even
- 2.6 days
Slippage from Kraken Futures: live order book, 58 min ago; ApeX Omni: live order book, 58 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 Kraken Futures live order book, 58 min ago | 36.36 bp | 62.0 bp −$62 | 16549.3 bp −$165.5K | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 58 min ago | 12.55 bp | 23.0 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
ZK on 17 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZKUSDlong | −0.2455% | 1h | 0.01196 | long leg | $210K | $57K | 25x | |
| Injective ZK/USDC PERP | +0.0033% | 1h | 0.01170 | −2.153% | $2K | $31K | 5.5x | as long as short |
| Lighter ZK | +0.0096% | 1h | 0.01193 | −0.213% | $129K | $190K | 8x | as long as short |
| Hyperliquid ZK | +0.0100% | 1h | 0.01193 | −0.246% | $585K | $175K | 5x | as long as short |
| Aster ZKUSDT | +0.0100% | 4h | 0.01193 | −0.243% | $33K | $20K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01193 | −0.213% | $29K | $2K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01192 | −0.277% | $4.9M | $7.6M | 75x | as long as short |
| Bybit ZKUSDT | +0.0100% | 4h | 0.01192 | −0.355% | $5.1M | $2.6M | 25x | as long as short |
| OKX ZK-USDT-SWAP | +0.0100% | 4h | 0.01192 | −0.330% | $1.0M | $2.1M | 20x | as long as short |
| Gate ZK_USDT | +0.0100% | 8h | 0.01193 | −0.229% | $304K | $263K | 50x | as long as short |
Injective ZK/USDC PERP
Lighter ZK
Hyperliquid ZK
Aster ZKUSDT
Pacifica ZK
Binance ZKUSDT
Bybit ZKUSDT
OKX ZK-USDT-SWAP
Gate ZK_USDTShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01192 | −0.313% | $970K | $1.8M | 50x | as long as short |
| Bitget ZKUSDT | +0.0100% | 4h | 0.01192 | −0.313% | $1.5M | $845K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01192 | −0.347% | — | $6.6M | — | as long as short |
| Variational Omni ZK | +0.0100% | 4h | 0.01189 | −0.540% | $57K | $4K | — | as long as short |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01190 | −0.480% | $166K | $1.9M | 10x | as long as short |
| ApeX Omni ZKUSDTshort | +0.0100% | 1h | 0.01190 | −0.480% | $8K | $637K | 50x | |
| BloFin ZK-USDT | +0.0105% | 4h | 0.01190 | −0.480% | $213K | $26K | 75x | as long as short |
KuCoin ZKUSDTM
Bitget ZKUSDT
BingX ZK-USDT
Variational Omni ZK
GRVT ZK_USDT_Perp
BloFin ZK-USDT