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: Aster against BingX+0.101%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Aster

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: Aster is 0.101% dearer against BingX than usual: you sell high and buy low, +$10 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	BingX ZK-USDT	0.01179	0.0100	pay 0.0050% / 4h	3h 49m	—	$6.7M	—
Short	Aster ZKUSDT	0.01180	0.0100	get 0.0050% / 4h	3h 49m	$32K	$21K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now +0.101%Rate

Funding earned: $0
Price spread: +0.101% → 0.000%: $10.09
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$7.91
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 3 min ago; Aster: 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 BingX live order book, 3 min ago	3.37 bp	21.9 bp −$22	58.3 bp −$583	478.9 bp −$47.9K	724.9 bp −$362.4K
Sell Aster no order-book sample	—	—	—	—	—

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	+0.0004%	4h	0.01178	−0.110%	$1.0M	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.763%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01181	+0.161%	$136K	$181K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01181	+0.144%	$588K	$188K	5x	as long as short
Aster ZKUSDTshort	+0.0100%	4h	0.01180	+0.101%	$32K	$21K	10x
Pacifica ZK	+0.0100%	1h	0.01181	+0.170%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01179	+0.017%	$4.9M	$8.2M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01178	−0.068%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01179	0.000%	$309K	$251K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01180	+0.085%	$975K	$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 ZKUSDT	+0.0100%	4h	0.01179	0.000%	$1.5M	$844K	75x	as long as short
BingX ZK-USDTlong	+0.0100%	4h	0.01179	long leg	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01183	+0.322%	$58K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01188	+0.766%	$162K	$2.4M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01187	+0.679%	$8K	$619K	50x	as long as short
BloFin ZK-USDT	+0.0132%	4h	0.01180	+0.068%	$216K	$21K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1329%	1h	0.01183	+0.317%	$194K	$38K	25x	as long as short