ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.014%

Price spread now: ApeX Omni against Lighter−0.177%7-day average +0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1061.062% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 3 days (all we have)+0.707%+$71 · spread now −0.177%, 7d avg +0.064%

Together, before fees+0.852%+ Points / potential airdropLighter: Season 3 · farm board+$85 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 0.241% cheaper against Lighter than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZK	0.01186	0.0096	pay 0.0012% / 1h	56m 49s	$131K	$171K	8x
Short	ApeX Omni ZKUSDT	0.01184	0.0100	get 0.0013% / 1h	56m 49s	$9K	$627K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now −0.177%Rate

Funding earned: $0.84
Price spread: −0.177% → +0.064%: −$24.13
Slippage, 4 orders: −$96.16
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$129.45
Costs to cover: 1.062%
Break-even: 1085.7 days

Slippage from Lighter: live order book, 63 min ago; ApeX Omni: live order book, 16 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 Lighter live order book, 63 min ago	25.02 bp	32.9 bp −$33	427.9 bp −$4,279	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 16 min ago	12.74 bp	25.5 bp −$25	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	−0.0076%	4h	0.01182	−0.312%	$1.0M	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.357%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0063%	4h	0.01184	−0.202%	$214K	$24K	75x	as long as short
Lighter ZKlong	+0.0096%	1h	0.01186	long leg	$131K	$171K	8x
Hyperliquid ZK	+0.0100%	1h	0.01185	−0.093%	$602K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01184	−0.165%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01184	−0.143%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01183	−0.228%	$4.8M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01183	−0.253%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01183	−0.261%	$330K	$238K	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	0.01183	−0.261%	$990K	$1.1M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01184	−0.177%	$1.5M	$866K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01183	−0.244%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01181	−0.397%	$58K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01185	−0.135%	$163K	$2.8M	10x	as long as short
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01184	−0.177%	$9K	$627K	50x
Kraken Futures PF_ZKUSD	+0.1352%	1h	0.01188	+0.147%	$196K	$44K	25x	as long as short