Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: BingX against ApeX Omni+0.170%7-day average −0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$920.921% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−1.452%−$145 · spread now +0.170%, 7d avg −0.101%

Together, before fees−1.413%−$141 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: BingX is 0.271% dearer against ApeX Omni than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZKUSDT	0.01174	0.0100	pay 0.0013% / 1h	30m 53s	$9K	$620K	50x
Short	BingX ZK-USDT	0.01176	0.0100	get 0.0050% / 4h	1h 30m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now +0.170%Rate

Funding earned: $0
Price spread: +0.170% → −0.101%: $27.14
Slippage, 4 orders: −$72.06
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$64.92
Costs to cover: 0.921%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 32 min ago; BingX: live order book, 6 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 ApeX Omni live order book, 32 min ago	12.79 bp	24.5 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	4.70 bp	21.5 bp −$21	50.5 bp −$505	348.2 bp −$34.8K	777.9 bp −$388.9K

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	−0.0065%	4h	0.01176	+0.145%	$1.0M	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.341%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01178	+0.358%	$136K	$182K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01179	+0.392%	$586K	$221K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01177	+0.216%	$32K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01175	+0.085%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01177	+0.222%	$4.9M	$8.7M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01176	+0.204%	$5.0M	$2.5M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01176	+0.170%	$327K	$232K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01176	+0.170%	$981K	$1.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01176	+0.170%	$1.5M	$836K	75x	as long as short
BingX ZK-USDTshort	+0.0100%	4h	0.01176	+0.170%	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01175	+0.112%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01176	+0.170%	$156K	$2.5M	10x	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01174	long leg	$9K	$620K	50x
BloFin ZK-USDT	+0.0129%	4h	0.01175	+0.102%	$218K	$20K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1595%	1h	0.01180	+0.472%	$194K	$39K	25x	as long as short