Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Aster against Variational Omni+0.088%7-day average — · you sell dearer than you buy

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

Long on Variational Omni 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 airdropVariational Omni: Active · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.088% dearer against Variational Omni than usual: you sell high and buy low, +$9 on $10k if it 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	Variational Omni ZK	0.01188	0.0100	pay 0.0050% / 4h	1h 08m	$57K	$13K	—
Short	Aster ZKUSDT	0.01189	0.0100	get 0.0050% / 4h	1h 08m	$32K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → 0.000%: $8.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $0.81
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Variational Omni 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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.493%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0055%	4h	0.01189	+0.073%	$215K	$19K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01190	+0.157%	$127K	$201K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01188	+0.040%	$589K	$170K	5x	as long as short
Aster ZKUSDTshort	+0.0100%	4h	0.01189	+0.088%	$32K	$22K	10x
Pacifica ZK	+0.0100%	1h	0.01189	+0.132%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01188	−0.019%	$4.9M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01188	+0.023%	$5.1M	$2.4M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01186	−0.146%	$1.0M	$2.1M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01188	+0.023%	$303K	$264K	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	0.01187	−0.061%	$969K	$1.6M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01188	+0.023%	$1.5M	$874K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01188	−0.011%	—	$6.7M	—	as long as short
Variational Omni ZKlong	+0.0100%	4h	0.01188	long leg	$57K	$13K	—
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01190	+0.191%	$165K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01189	+0.107%	$8K	$628K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1627%	1h	0.01190	+0.157%	$208K	$46K	25x	as long as short