Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: KuCoin against ApeX Omni+0.084%52s7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2672.672% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−1.040%−$104 · spread now +0.084%, 7d avg −0.040%

Together, before fees−1.039%−$104 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: KuCoin is 0.124% dearer against ApeX Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.040%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZKUSDT	0.01190	0.0100	pay 0.0013% / 1h	16m 24s	$8K	$635K	50x
Short	KuCoin ZKUSDTM	0.01191	0.0100	get 0.0050% / 4h	2h 16m	$964K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → −0.040%: $12.38
Slippage, 4 orders: −$245.22
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$254.85
Costs to cover: 2.672%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 34 min ago; KuCoin: live order book, 3 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, 34 min ago	12.60 bp	21.8 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	12.63 bp	106.9 bp −$107	196.3 bp −$1,963	doesn't fit	doesn't fit

ZK on 17 exchanges

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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.681%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0084%	4h	0.01188	−0.143%	$212K	$26K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01191	+0.109%	$126K	$180K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01191	+0.118%	$590K	$171K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01191	+0.072%	$33K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01191	+0.076%	$29K	$2K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01190	+0.019%	$4.9M	$7.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01190	0.000%	$5.1M	$2.6M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01190	−0.034%	$995K	$2.2M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01189	−0.084%	$300K	$270K	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTMshort	+0.0100%	4h	0.01191	+0.084%	$964K	$1.7M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01191	+0.084%	$1.5M	$892K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01189	−0.059%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01189	−0.105%	$57K	$6K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01189	−0.076%	$156K	$2.0M	10x	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01190	long leg	$8K	$635K	50x
Kraken Futures PF_ZKUSD	+0.4590%	1h	0.01190	+0.023%	$207K	$45K	25x	as long as short