Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: ApeX Omni against Bybit−0.466%59s7-day average +0.154% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as 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−$850.847% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 3 days (all we have)+2.087%+$209 · spread now −0.466%, 7d avg +0.154%

Together, before fees+2.129%+$213 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: ApeX Omni is 0.620% cheaper against Bybit than usual: you would sell low and buy high, −$62 on $10k if it goes back to its 7-day average of +0.154%. The two prices were read 59 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	Bybit ZKUSDT	0.01179	0.0100	pay 0.0050% / 4h	3h 30m	$5.0M	$2.8M	25x
Short	ApeX Omni ZKUSDT	0.01174	0.0100	get 0.0013% / 1h	30m 31s	$8K	$619K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.466%Rate

Funding earned: $0
Price spread: −0.466% → +0.154%: −$62.04
Slippage, 4 orders: −$63.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$146.76
Costs to cover: 0.847%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 18 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 Bybit live order book, 3 min ago	3.40 bp	19.3 bp −$19	139.5 bp −$1,395	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 18 min ago	12.86 bp	24.6 bp −$25	doesn't fit	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	−0.805%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0052%	4h	0.01176	−0.331%	$214K	$36K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01182	+0.195%	$120K	$161K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01180	+0.085%	$589K	$242K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01178	−0.089%	$37K	$27K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01180	+0.008%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01180	+0.061%	$4.7M	$10.3M	75x	as long as short
Bybit ZKUSDTlong	+0.0100%	4h	0.01179	long leg	$5.0M	$2.8M	25x
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01179	0.000%	$970K	$2.3M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01181	+0.127%	$321K	$260K	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	0.01181	+0.127%	$1.0M	$1.0M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01180	+0.042%	$1.5M	$877K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01180	+0.085%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01175	−0.353%	$57K	$20K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01177	−0.212%	$162K	$2.9M	10x	as long as short
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01174	−0.466%	$8K	$619K	50x
Kraken Futures PF_ZKUSD	+0.2216%	1h	0.01180	+0.003%	$195K	$44K	25x	as long as short