Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%

Price spread now: Variational Omni against KuCoin+0.221%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.221% dearer against KuCoin than usual: you sell high and buy low, +$22 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	KuCoin ZKUSDTM	0.01178	0.0100	pay 0.0050% / 4h	40m 27s	$989K	$1.0M	50x
Short	Variational Omni ZK	0.01181	0.0100	get 0.0050% / 4h	40m 27s	$57K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.221%Rate

Funding earned: $0
Price spread: +0.221% → 0.000%: $22.09
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $10.09
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 4 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 4 min ago	8.48 bp	90.4 bp −$90	212.4 bp −$2,124	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.679%	$2K	$31K	5.5x	as long as short
OKX ZK-USDT-SWAP	+0.0041%	4h	0.01177	−0.093%	$981K	$2.3M	20x	as long as short
BloFin ZK-USDT	+0.0042%	4h	0.01179	+0.042%	$213K	$25K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01180	+0.195%	$129K	$166K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01179	+0.110%	$599K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01179	+0.061%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01178	0.000%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01177	−0.051%	$4.8M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01177	−0.051%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01178	0.000%	$322K	$245K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01178	long leg	$989K	$1.0M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01179	+0.085%	$1.5M	$857K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01178	−0.042%	—	$6.7M	—	as long as short
Variational Omni ZKshort	+0.0100%	4h	0.01181	+0.221%	$57K	$15K	—
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01182	+0.306%	$154K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01182	+0.340%	$8K	$628K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1409%	1h	0.01181	+0.284%	$195K	$44K	25x	as long as short