Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Aster−0.080%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.080% cheaper against Aster than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZKUSDT	0.01167	0.0100	pay 0.0050% / 4h	3h 00m	$31K	$20K	10x
Short	Bitget ZKUSDT	0.01166	0.0100	get 0.0050% / 4h	3h 00m	$1.5M	$846K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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 AsterbpFee BitgetbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → 0.000%: −$8.01
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.01
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bitget: live order book, 1 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	8.58 bp	20.5 bp −$21	44.9 bp −$449	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0058%	4h	0.01165	−0.157%	$993K	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.263%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01167	+0.006%	$126K	$189K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01167	−0.029%	$583K	$188K	5x	as long as short
Aster ZKUSDTlong	+0.0100%	4h	0.01167	long leg	$31K	$20K	10x
Pacifica ZK	+0.0100%	1h	0.01166	−0.106%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01166	−0.076%	$4.8M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01165	−0.174%	$5.0M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01165	−0.166%	$299K	$263K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01166	−0.080%	$958K	$1.4M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDTshort	+0.0100%	4h	0.01166	−0.080%	$1.5M	$846K	75x
BingX ZK-USDT	+0.0100%	4h	0.01165	−0.149%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01165	−0.205%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01171	+0.348%	$158K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01170	+0.263%	$8K	$620K	50x	as long as short
BloFin ZK-USDT	+0.0148%	4h	0.01169	+0.186%	$214K	$20K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1345%	1h	0.01168	+0.128%	$192K	$37K	25x	as long as short