Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Bitget against Variational Omni−0.008%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 Bitget

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZK	0.01182	0.0100	pay 0.0050% / 4h	4m 36s	$58K	$15K	—
Short	Bitget ZKUSDT	0.01182	0.0100	get 0.0050% / 4h	4m 36s	$1.5M	$843K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → 0.000%: −$0.79
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.79
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bitget: 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 Bitget live order book, 2 min ago	8.45 bp	17.9 bp −$18	52.4 bp −$524	doesn't fit	doesn't fit

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	−0.0013%	4h	0.01180	−0.160%	$1.0M	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.023%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0058%	4h	0.01184	+0.119%	$218K	$21K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01183	+0.043%	$136K	$180K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01184	+0.127%	$589K	$187K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01183	+0.079%	$32K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01182	−0.008%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01182	+0.005%	$4.9M	$8.3M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01181	−0.092%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01183	+0.077%	$325K	$250K	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	0.01182	−0.008%	$970K	$1.4M	50x	as long as short
Bitget ZKUSDTshort	+0.0100%	4h	0.01182	−0.008%	$1.5M	$843K	75x
BingX ZK-USDT	+0.0100%	4h	0.01181	−0.084%	—	$6.7M	—	as long as short
Variational Omni ZKlong	+0.0100%	4h	0.01182	long leg	$58K	$15K	—
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01186	+0.328%	$155K	$2.4M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01186	+0.331%	$8K	$618K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1928%	1h	0.01185	+0.259%	$195K	$38K	25x	as long as short