Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Gate against ApeX Omni+0.086%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1161.160% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 3 days (all we have)−0.779%−$78 · spread now +0.086%, 7d avg −0.066%

Together, before fees−0.739%−$74 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: Gate is 0.152% dearer against ApeX Omni than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZKUSDT	0.01166	0.0100	pay 0.0013% / 1h	7m 26s	$8K	$624K	50x
Short	Gate ZK_USDT	0.01167	0.0100	get 0.0100% / 8h	1h 07m	$319K	$248K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → −0.066%: $15.18
Slippage, 4 orders: −$91.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$100.84
Costs to cover: 1.160%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 11 min ago; Gate: live order book, 8 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, 11 min ago	12.86 bp	25.1 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 8 min ago	8.57 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit

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	+0.0009%	4h	0.01168	+0.172%	$944K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.343%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01169	+0.292%	$127K	$165K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01170	+0.317%	$593K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01168	+0.211%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01168	+0.137%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01168	+0.185%	$4.7M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01168	+0.137%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDTshort	+0.0100%	8h	0.01167	+0.086%	$319K	$248K	50x
KuCoin ZKUSDTM	+0.0100%	4h	0.01168	+0.172%	$983K	$1.0M	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	0.01168	+0.172%	$1.5M	$866K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01168	+0.154%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01166	−0.013%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01169	+0.258%	$160K	$2.8M	10x	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01166	long leg	$8K	$624K	50x
BloFin ZK-USDT	+0.0157%	4h	0.01166	−0.043%	$211K	$25K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1292%	1h	0.01171	+0.402%	$194K	$43K	25x	as long as short