Settings8H · net · $10k
Funding arb · Price arb /

ZK

all ZK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.78 per $10,000 · paid last 24h +0.026%
Price spread now: Bitget against OKX+0.025%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$790.786% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.068%+$7 on $10k
Price spread, last 7 days+0.066%+$7 · spread now +0.025%, 7d avg +0.034%
Together, before fees+0.133%+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZK-USDT-SWAP0.01179−0.0056get 0.0028% / 4h7m 01s$990K$2.4M20x
ShortBitget ZKUSDT0.011790.0100get 0.0050% / 4h7m 01s$1.5M$864K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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

Funding earned
$32.8
Price spread: +0.025% → +0.034%
−$0.85
Slippage, 4 orders
−$56.61
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$46.65
Costs to cover
0.786%
Break-even
17.0 days
Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago1.70 bp15.7 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago8.49 bp19.5 bp −$2050.2 bp −$502doesn't fitdoesn't fit

ZK on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZK-USDT-SWAPlong−0.0056%4h0.01179long leg$990K$2.4M20x
Injective ZK/USDC PERP+0.0033%1h0.01170−0.738%$2K$31K5.5xas long as short
BloFin ZK-USDT+0.0074%4h0.01178−0.102%$214K$24K75xas long as short
Lighter ZK+0.0096%1h0.01181+0.187%$129K$168K8xas long as short
Hyperliquid ZK+0.0100%1h0.01181+0.187%$600K$238K5xas long as short
Aster ZKUSDT+0.0100%4h0.01179+0.054%$37K$19K10xas long as short
Pacifica ZK+0.0100%1h0.011790.000%$29K$3K5xas long as short
Binance ZKUSDT+0.0100%4h0.01179+0.042%$4.8M$9.8M75xas long as short
Bybit ZKUSDT+0.0100%4h0.01178−0.068%$5.0M$2.7M25xas long as short
Gate ZK_USDT+0.0100%8h0.01179+0.025%$321K$246K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZKUSDTM+0.0100%4h0.01178−0.059%$985K$1.1M50xas long as short
Bitget ZKUSDTshort+0.0100%4h0.01179+0.025%$1.5M$864K75x
BingX ZK-USDT+0.0100%4h0.01179−0.008%$6.7Mas long as short
Variational Omni ZK+0.0100%4h0.01177−0.167%$57K$15Kas long as short
GRVT ZK_USDT_Perp+0.0100%4h0.01179+0.026%$162K$2.8M10xas long as short
ApeX Omni ZKUSDT+0.0100%1h0.01179+0.025%$9K$627K50xas long as short
Kraken Futures PF_ZKUSD+0.1408%1h0.01181+0.230%$195K$44K25xas long as short