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

ZK

all ZK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.013%
Price spread now: Injective against Variational Omni−0.455%106s7-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 −$2 a day on $10k at the current rate, and Injective is 0.455% cheaper against Variational Omni than usual: you would sell low and buy high (−$45 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ZK0.011750.0100pay 0.0050% / 4h1h 55m$57K$13K
ShortInjective ZK/USDC PERP0.011700.0033get 0.0004% / 1h55m 39s$2K$31K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14
Price spread: −0.455% → 0.000%
−$45.47
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$59.49
Costs to cover
0.000%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell Injective no order-book sample
Variational Omni and Injective: 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
OKX ZK-USDT-SWAP−0.0059%4h0.01174−0.080%$998K$2.2M20xas long as short
Injective ZK/USDC PERPshort+0.0033%1h0.01170−0.455%$2K$31K5.5x
Lighter ZK+0.0096%1h0.01177+0.124%$128K$194K8xas long as short
Hyperliquid ZK+0.0100%1h0.01176+0.098%$584K$180K5xas long as short
Aster ZKUSDT+0.0100%4h0.01175−0.049%$31K$21K10xas long as short
Pacifica ZK+0.0100%1h0.01176+0.056%$29K$3K5xas long as short
Binance ZKUSDT+0.0100%4h0.01175−0.063%$4.9M$8.1M75xas long as short
Bybit ZKUSDT+0.0100%4h0.01174−0.114%$5.1M$2.4M25xas long as short
Gate ZK_USDT+0.0100%8h0.01175−0.029%$299K$259K50xas long as short
KuCoin ZKUSDTM+0.0100%4h0.01175−0.029%$967K$1.5M50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZKUSDT+0.0100%4h0.01176+0.056%$1.4M$909K75xas long as short
BingX ZK-USDT+0.0100%4h0.01174−0.080%$6.7Mas long as short
Variational Omni ZKlong+0.0100%4h0.01175long leg$57K$13K
GRVT ZK_USDT_Perp+0.0100%4h0.01177+0.176%$155K$2.3M10xas long as short
ApeX Omni ZKUSDT+0.0100%1h0.01180+0.396%$8K$625K50xas long as short
BloFin ZK-USDT+0.0159%4h0.01183+0.626%$213K$18K75xas long as short
Kraken Futures PF_ZKUSD+0.1643%1h0.01178+0.243%$201K$42K25xas long as short