ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.016%

Price spread now: ApeX Omni against Lighter−0.428%78s7-day average +0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as 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−$880.882% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 3 days (all we have)+1.075%+$108 · spread now −0.428%, 7d avg +0.071%

Together, before fees+1.220%+ Points / potential airdropLighter: Season 3 · farm board+$122 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 0.499% cheaper against Lighter than usual: you would sell low and buy high, −$50 on $10k if it goes back to its 7-day average of +0.071%. The two prices were read 78 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	Lighter ZK	0.01168	0.0096	pay 0.0012% / 1h	23m 53s	$127K	$165K	8x
Short	ApeX Omni ZKUSDT	0.01163	0.0100	get 0.0013% / 1h	23m 53s	$8K	$620K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now −0.428%Rate

Funding earned: $0.84
Price spread: −0.428% → +0.071%: −$49.93
Slippage, 4 orders: −$78.17
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$137.26
Costs to cover: 0.882%
Break-even: 1150.8 days

Slippage from Lighter: live order book, 50 min ago; ApeX Omni: live order book, 59 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 Lighter live order book, 50 min ago	9.86 bp	24.8 bp −$25	73.9 bp −$739	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 59 min ago	12.83 bp	26.3 bp −$26	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	0.01165	−0.291%	$941K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.171%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0078%	4h	0.01163	−0.462%	$211K	$24K	75x	as long as short
Lighter ZKlong	+0.0096%	1h	0.01168	long leg	$127K	$165K	8x
Hyperliquid ZK	+0.0100%	1h	0.01167	−0.128%	$585K	$235K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01166	−0.172%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01166	−0.188%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01166	−0.185%	$4.7M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01165	−0.265%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01166	−0.171%	$318K	$247K	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	0.01165	−0.257%	$987K	$987K	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01165	−0.257%	$1.5M	$860K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01165	−0.231%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01163	−0.436%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01163	−0.432%	$151K	$2.8M	10x	as long as short
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01163	−0.428%	$8K	$620K	50x
Kraken Futures PF_ZKUSD	+0.1294%	1h	0.01169	+0.047%	$193K	$43K	25x	as long as short