ZK

Alert

Funding spread now, next payment 18:00 UTC+0.2076%/8h

next payment, per $10,000+$2.59paid, last 24h+0.570%paid, last 7 days+1.326%to open and close $10k−$188

Long on ApeX Omni Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 7 days it paid 1.326% in total (about 69.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZKUSDT	0.01161	0.0100	pay 0.0013% / 1h	30m 50s	$8K	$614K	50x
Short	Kraken Futures PF_ZKUSD	0.01162	0.2176	get 0.0272% / 1h	30m 50s	$193K	$38K	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Kraken FuturesbpOrdersRate

Funding earned: $435.89
Slippage, 4 orders: −$168.27
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $247.61
Break-even: 3.0 days

Slippage from ApeX Omni: live order book, 8 min ago; Kraken Futures: live order book, 8 min ago.

Price risk

price view

Price gap now: +0.090%
Avg gap 7d: +0.176%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 8 min ago	12.94 bp	25.9 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 8 min ago	40.84 bp	56.7 bp −$57	237.6 bp −$2,376	doesn't fit	doesn't fit

ZK on 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ZK/USDC PERP	+0.0033%	1h	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0081%	4h	$219K	$51K	75x	as long as short
Lighter ZK	+0.0096%	1h	$114K	$155K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	$564K	$265K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	$31K	$34K	10x	as long as short
Pacifica ZK	+0.0100%	1h	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	$4.6M	$10.7M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	$4.9M	$2.9M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	$950K	$2.4M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	$323K	$283K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	$1.0M	$1.1M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	$1.4M	$962K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	$57K	$20K	—	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	$8K	$614K	50x
Kraken Futures PF_ZKUSDshort	+0.2176%	1h	$193K	$38K	25x