Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Binance against ApeX Omni+0.173%59s7-day average −0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as 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−$720.720% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 3 days (all we have)−0.682%−$68 · spread now +0.173%, 7d avg −0.088%

Together, before fees−0.673%−$67 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: Binance is 0.262% dearer against ApeX Omni than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.088%. The two prices were read 59 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	ApeX Omni ZKUSDT	0.01175	0.0100	pay 0.0013% / 1h	28m 30s	$9K	$625K	50x
Short	Binance ZKUSDT	0.01177	0.0100	get 0.0050% / 4h	3h 28m	$4.8M	$9.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.173%Rate

Funding earned: $0
Price spread: +0.173% → −0.088%: $26.19
Slippage, 4 orders: −$51.99
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.8
Costs to cover: 0.720%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 44 min ago; Binance: live order book, 11 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 ApeX Omni live order book, 44 min ago	12.74 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.43 bp	17.6 bp −$18	49.8 bp −$498	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	−0.0109%	4h	0.01175	−0.026%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.426%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01179	+0.374%	$131K	$173K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01179	+0.315%	$586K	$244K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01178	+0.250%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01177	+0.170%	$29K	$3K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01177	+0.173%	$4.8M	$9.5M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01175	+0.043%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01177	+0.170%	$331K	$241K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01176	+0.085%	$983K	$1.1M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01177	+0.170%	$1.5M	$852K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01176	+0.102%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01173	−0.177%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01176	+0.082%	$152K	$2.7M	10x	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01175	long leg	$9K	$625K	50x
BloFin ZK-USDT	+0.0105%	4h	0.01177	+0.136%	$215K	$22K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1363%	1h	0.01179	+0.311%	$194K	$43K	25x	as long as short