Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%

Price spread now: BingX against Variational Omni−0.155%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.155% cheaper against Variational Omni than usual: you would sell low and buy high, −$16 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	0.01162	0.0100	pay 0.0050% / 4h	1h 50m	$57K	$15K	—
Short	BingX ZK-USDT	0.01160	0.0100	get 0.0050% / 4h	1h 50m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.155%Rate

Funding earned: $0
Price spread: −0.155% → 0.000%: −$15.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$25.5
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 2 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 Variational Omni no order-book sample	—	—	—	—	—
Sell BingX live order book, 2 min ago	3.01 bp	15.2 bp −$15	43.0 bp −$430	347.1 bp −$34.7K	639.3 bp −$319.6K

Variational Omni: 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	−0.0003%	4h	0.01159	−0.207%	$941K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.697%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0075%	4h	0.01165	+0.301%	$211K	$24K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01162	+0.043%	$119K	$156K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01162	−0.009%	$583K	$235K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01161	−0.048%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01161	−0.052%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01160	−0.129%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01160	−0.155%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01162	+0.008%	$314K	$244K	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	0.01160	−0.164%	$982K	$966K	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01161	−0.078%	$1.5M	$857K	75x	as long as short
BingX ZK-USDTshort	+0.0100%	4h	0.01160	−0.155%	—	$6.7M	—
Variational Omni ZKlong	+0.0100%	4h	0.01162	long leg	$57K	$15K	—
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01166	+0.331%	$154K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01163	+0.095%	$8K	$621K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1300%	1h	0.01163	+0.126%	$193K	$43K	25x	as long as short