Funding you earn now, next payment 00:00 UTC−0.1311%/8h= −143.6% APRnext payment −$1.64 per $10,000 · paid last 24h −0.570%
Price spread now: ApeX Omni against Kraken Futures−0.027%75s7-day average −0.183% · you buy dearer than you sell
Net, funding: paid 7d − costs−$317as 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−$1881.880% of the position
Funding, last 7 days−1.290%−$129 on $10k
+Price spread, last 3 days (all we have)−0.061%−$6 · spread now −0.027%, 7d avg −0.183%
=The price spread pays, funding is against you. ApeX Omni is 0.155% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.183%): +$16 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−1.290% in total) that is about 20 hours. The two prices were read 75 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 | Kraken Futures PF_ZKUSD | 0.01179 | 0.1411 | pay 0.0176% / 1h | 35m 54s | $194K | $44K | 25x |
| Short | ApeX Omni ZKUSDT | 0.01179 | 0.0100 | get 0.0013% / 1h | 35m 54s | $9K | $628K | 50x |
Kraken Futures PF_ZKUSD
ApeX Omni ZKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$275.3
- Price spread: −0.027% → −0.183%
- $15.53
- Slippage, 4 orders
- −$168.01
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$447.78
- Costs to cover
- 1.880%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 42 min ago; ApeX Omni: live order book, 42 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 Kraken Futures live order book, 42 min ago | 30.45 bp | 97.1 bp −$97 | 15381.4 bp −$153.8K | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 42 min ago | 12.86 bp | 24.1 bp −$24 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZK-USDT-SWAP | +0.0017% | 4h | 0.01176 | −0.273% | $981K | $2.3M | 20x | as long as short |
| Injective ZK/USDC PERP | +0.0033% | 1h | 0.01170 | −0.791% | $2K | $31K | 5.5x | as long as short |
| Lighter ZK | +0.0096% | 1h | 0.01179 | −0.019% | $128K | $166K | 8x | as long as short |
| Hyperliquid ZK | +0.0100% | 1h | 0.01179 | −0.061% | $598K | $238K | 5x | as long as short |
| Aster ZKUSDT | +0.0100% | 4h | 0.01178 | −0.132% | $37K | $19K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01177 | −0.197% | $29K | $3K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01177 | −0.197% | $4.8M | $9.8M | 75x | as long as short |
| Bybit ZKUSDT | +0.0100% | 4h | 0.01177 | −0.180% | $5.0M | $2.6M | 25x | as long as short |
| Gate ZK_USDT | +0.0100% | 8h | 0.01177 | −0.197% | $322K | $245K | 50x | as long as short |
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01176 | −0.282% | $986K | $1.1M | 50x | as long as short |
OKX ZK-USDT-SWAP
Injective ZK/USDC PERP
Lighter ZK
Hyperliquid ZK
Aster ZKUSDT
Pacifica ZK
Binance ZKUSDT
Bybit ZKUSDT
Gate ZK_USDT
KuCoin ZKUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZKUSDT | +0.0100% | 4h | 0.01178 | −0.112% | $1.5M | $857K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01177 | −0.214% | — | $6.7M | — | as long as short |
| Variational Omni ZK | +0.0100% | 4h | 0.01176 | −0.259% | $57K | $15K | — | as long as short |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01178 | −0.112% | $153K | $2.8M | 10x | as long as short |
| ApeX Omni ZKUSDTshort | +0.0100% | 1h | 0.01179 | −0.027% | $9K | $628K | 50x | |
| BloFin ZK-USDT | +0.0113% | 4h | 0.01178 | −0.129% | $215K | $25K | 75x | as long as short |
| Kraken Futures PF_ZKUSDlong | +0.1411% | 1h | 0.01179 | long leg | $194K | $44K | 25x |
Bitget ZKUSDT
BingX ZK-USDT
Variational Omni ZK
GRVT ZK_USDT_Perp
BloFin ZK-USDT