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

ZK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.4% APRnext payment $0.06 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against Variational Omni−0.319%86s7-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 4 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
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.319% cheaper against Variational Omni than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ZK0.011870.0100pay 0.0050% / 4h1h 01m$57K$13K
ShortBloFin ZK-USDT0.011840.0088get 0.0044% / 4h1h 01m$214K$19K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. 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
−$2.61
Price spread: −0.319% → 0.000%
−$31.94
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$46.54
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; BloFin: live order book, 9 min ago. 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 Variational Omni no order-book sample
Sell BloFin live order book, 9 min ago2.10 bp20.7 bp −$2143.4 bp −$434doesn't fitdoesn't fit
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 PERP+0.0033%1h0.01170−1.465%$2K$31K5.5xas long as short
BloFin ZK-USDTshort+0.0088%4h0.01184−0.319%$214K$19K75x
Lighter ZK+0.0096%1h0.01184−0.277%$127K$201K8xas long as short
Hyperliquid ZK+0.0100%1h0.01184−0.294%$587K$170K5xas long as short
Aster ZKUSDT+0.0100%4h0.01184−0.278%$32K$22K10xas long as short
Pacifica ZK+0.0100%1h0.01184−0.286%$29K$3K5xas long as short
Binance ZKUSDT+0.0100%4h0.01183−0.387%$4.9M$8.0M75xas long as short
Bybit ZKUSDT+0.0100%4h0.01182−0.437%$5.1M$2.4M25xas long as short
OKX ZK-USDT-SWAP+0.0100%4h0.01182−0.429%$1.0M$2.1M20xas long as short
Gate ZK_USDT+0.0100%8h0.01182−0.454%$302K$264K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZKUSDTM+0.0100%4h0.01183−0.370%$965K$1.6M50xas long as short
Bitget ZKUSDT+0.0100%4h0.01182−0.454%$1.4M$878K75xas long as short
BingX ZK-USDT+0.0100%4h0.01183−0.395%$6.7Mas long as short
Variational Omni ZKlong+0.0100%4h0.01187long leg$57K$13K
GRVT ZK_USDT_Perp+0.0100%4h0.01188+0.026%$164K$2.2M10xas long as short
ApeX Omni ZKUSDT+0.0100%1h0.01187−0.033%$8K$629K50xas long as short
Kraken Futures PF_ZKUSD+0.1633%1h0.01186−0.133%$207K$46K25xas long as short