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 −0.004%

Price spread now: Variational Omni against Aster−0.345%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.345% cheaper against Aster than usual: you would sell low and buy high, −$35 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	0.01168	0.0100	pay 0.0050% / 4h	2h 13m	$31K	$21K	10x
Short	Variational Omni ZK	0.01164	0.0100	get 0.0050% / 4h	2h 13m	$56K	$13K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.345%Rate

Funding earned: $0
Price spread: −0.345% → 0.000%: −$34.52
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$42.52
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—

Aster and Variational Omni: 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	−0.0097%	4h	0.01167	−0.020%	$994K	$2.1M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.194%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01169	+0.091%	$127K	$197K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01169	+0.099%	$582K	$180K	5x	as long as short
Aster ZKUSDTlong	+0.0100%	4h	0.01168	long leg	$31K	$21K	10x
Pacifica ZK	+0.0100%	1h	0.01168	−0.003%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01168	+0.055%	$4.8M	$8.1M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01167	−0.063%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01167	−0.063%	$297K	$266K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01166	−0.149%	$960K	$1.5M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01168	+0.022%	$1.4M	$896K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01167	−0.020%	—	$6.7M	—	as long as short
Variational Omni ZKshort	+0.0100%	4h	0.01164	−0.345%	$56K	$13K	—
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01166	−0.179%	$153K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01164	−0.320%	$8K	$624K	50x	as long as short
BloFin ZK-USDT	+0.0140%	4h	0.01165	−0.226%	$211K	$18K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1272%	1h	0.01172	+0.346%	$195K	$38K	25x	as long as short