Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1260%/8h= +137.9% APRpaid last 24h +0.564%

Price spread now: Kraken Futures against Aster+0.119%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Kraken Futures is 0.119% dearer against Aster than usual: you sell high and buy low: +$12 more if the spread 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	0.01180	0.0100	pay 0.0050% / 4h	3h 04m	$37K	$19K	10x
Short	Kraken Futures PF_ZKUSD	0.01182	0.1360	get 0.0170% / 1h	4m 20s	$195K	$43K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.119%Rate

Funding earned: $264.5
Price spread: +0.119% → 0.000%: $11.93
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $258.43
Costs to cover: 0.180%
Break-even: 0.2 days

Slippage unknown: Aster: no order-book sample; Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	38.06 bp	50.9 bp −$51	233.2 bp −$2,332	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
Bybit ZKUSDT	−0.0190%	4h	0.01178	−0.179%	$5.0M	$2.6M	25x	as long as short
OKX ZK-USDT-SWAP	−0.0117%	4h	0.01178	−0.229%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.865%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0087%	4h	0.01180	+0.016%	$216K	$22K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01181	+0.093%	$131K	$173K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01181	+0.093%	$586K	$240K	5x	as long as short
Aster ZKUSDTlong	+0.0100%	4h	0.01180	long leg	$37K	$19K	10x
Pacifica ZK	+0.0100%	1h	0.01180	−0.018%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01180	−0.003%	$4.8M	$9.4M	75x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01180	−0.018%	$332K	$241K	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	0.01179	−0.102%	$979K	$1.2M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01180	−0.018%	$1.5M	$848K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01179	−0.077%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01177	−0.278%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01180	−0.018%	$165K	$2.7M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01180	−0.018%	$9K	$624K	50x	as long as short
Kraken Futures PF_ZKUSDshort	+0.1360%	1h	0.01182	+0.119%	$195K	$43K	25x