Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against KuCoin+0.085%112s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$295as 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−$2952.952% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+2.507%+$251 · spread now +0.085%, 7d avg +0.045%

Together, before fees+2.505%+$250 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 0.041% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.045%. The two prices were read 112 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	KuCoin ZKUSDTM	0.01171	0.0100	pay 0.0050% / 4h	1h 47m	$974K	$1.3M	50x
Short	ApeX Omni ZKUSDT	0.01172	0.0100	get 0.0013% / 1h	47m 38s	$9K	$619K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.045%: $4.05
Slippage, 4 orders: −$273.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$291.11
Costs to cover: 2.952%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; ApeX Omni: live order book, 15 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 KuCoin live order book, 3 min ago	12.81 bp	112.6 bp −$113	264.2 bp −$2,642	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 15 min ago	12.79 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit

ZK on 16 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	−0.0113%	4h	0.01170	−0.120%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.085%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01174	+0.239%	$135K	$181K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01173	+0.196%	$583K	$223K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01173	+0.196%	$31K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01172	+0.060%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01172	+0.068%	$4.8M	$8.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01171	−0.026%	$5.0M	$2.5M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01172	+0.085%	$326K	$231K	50x	as long as short
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01171	long leg	$974K	$1.3M	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01170	−0.085%	$1.5M	$850K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01170	−0.051%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01175	+0.322%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01174	+0.285%	$155K	$2.5M	10x	as long as short
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01172	+0.085%	$9K	$619K	50x
Kraken Futures PF_ZKUSD	+0.1601%	1h	0.01175	+0.351%	$193K	$39K	25x	as long as short