Settings8H · net · $10k
Funding arb · Price arb /

ZK

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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.010%
Price spread now: Variational Omni against Injective−0.949%61s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Variational Omni is 0.949% cheaper against Injective than usual: you would sell low and buy high (spread −0.949% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$95 on $10k: about 47 days of funding at the current rate (+$2 a day). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ZK/USDC PERP0.011700.0033pay 0.0004% / 1h4m 16s$2K$31K5.5x
ShortVariational Omni ZK0.011590.0100get 0.0050% / 4h2h 04m$57K$15K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Injective. 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

Funding earned
$14
Price spread: −0.949% → 0.000%
−$94.89
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$80.91
Costs to cover
0.000%
Break-even
47.5 days
Slippage unknown: Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Variational Omni no order-book sample
Injective 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZK/USDC PERPlong+0.0033%1h0.01170long leg$2K$31K5.5x
OKX ZK-USDT-SWAP+0.0060%4h0.01158−1.000%$941K$2.3M20xas long as short
Lighter ZK+0.0096%1h0.01162−0.726%$118K$160K8xas long as short
Hyperliquid ZK+0.0100%1h0.01161−0.752%$583K$237K5xas long as short
Aster ZKUSDT+0.0100%4h0.01161−0.746%$36K$19K10xas long as short
Pacifica ZK+0.0100%1h0.01159−0.897%$29K$3K5xas long as short
Binance ZKUSDT+0.0100%4h0.01160−0.889%$4.7M$9.9M75xas long as short
Bybit ZKUSDT+0.0100%4h0.01159−0.940%$5.0M$2.7M25xas long as short
Gate ZK_USDT+0.0100%8h0.01159−0.940%$314K$256K50xas long as short
KuCoin ZKUSDTM+0.0100%4h0.01159−0.940%$983K$963K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZKUSDT+0.0100%4h0.01161−0.769%$1.5M$851K75xas long as short
BingX ZK-USDT+0.0100%4h0.01159−0.932%$6.7Mas long as short
Variational Omni ZKshort+0.0100%4h0.01159−0.949%$57K$15K
GRVT ZK_USDT_Perp+0.0100%4h0.01165−0.427%$154K$2.9M10xas long as short
ApeX Omni ZKUSDT+0.0100%1h0.01163−0.598%$8K$623K50xas long as short
BloFin ZK-USDT+0.0105%4h0.01160−0.829%$212K$24K75xas long as short
Kraken Futures PF_ZKUSD+0.1500%1h0.01163−0.604%$193K$44K25xas long as short