ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.014%

Price spread now: Lighter against ApeX Omni−0.178%78s7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as 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−$1071.072% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 3 days (all we have)−0.352%−$35 · spread now −0.178%, 7d avg −0.064%

Together, before fees−0.497%+ Points / potential airdropLighter: Season 3 · farm board−$50 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: Lighter is 0.113% cheaper against ApeX Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.064%. The two prices were read 78 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	0.01182	0.0100	pay 0.0013% / 1h	40m 02s	$8K	$628K	50x
Short	Lighter ZK	0.01180	0.0096	get 0.0012% / 1h	40m 02s	$129K	$166K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.178%Rate

Funding earned: −$0.84
Price spread: −0.178% → −0.064%: −$11.34
Slippage, 4 orders: −$97.23
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$119.41
Costs to cover: 1.072%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 38 min ago; Lighter: live order book, 20 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, 38 min ago	12.86 bp	25.1 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 20 min ago	25.02 bp	25.1 bp −$25	99.0 bp −$990	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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.015%	$2K	$31K	5.5x	as long as short
OKX ZK-USDT-SWAP	+0.0041%	4h	0.01176	−0.465%	$981K	$2.3M	20x	as long as short
BloFin ZK-USDT	+0.0042%	4h	0.01179	−0.296%	$213K	$25K	75x	as long as short
Lighter ZKshort	+0.0096%	1h	0.01180	−0.178%	$129K	$166K	8x
Hyperliquid ZK	+0.0100%	1h	0.01179	−0.237%	$599K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01179	−0.287%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01178	−0.338%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01177	−0.415%	$4.8M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01177	−0.431%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01178	−0.338%	$322K	$245K	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	0.01178	−0.338%	$988K	$1.0M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01179	−0.254%	$1.5M	$857K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01177	−0.406%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01178	−0.342%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01182	−0.033%	$154K	$2.8M	10x	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01182	long leg	$8K	$628K	50x
Kraken Futures PF_ZKUSD	+0.1409%	1h	0.01181	−0.088%	$194K	$44K	25x	as long as short