Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Bitget against ApeX Omni0.000%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$900.899% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−2.214%−$221 · spread now 0.000%, 7d avg −0.022%

Together, before fees−2.175%−$218 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: Bitget is 0.022% dearer against ApeX Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZKUSDT	0.01186	0.0100	pay 0.0013% / 1h	21m 14s	$8K	$629K	50x
Short	Bitget ZKUSDT	0.01186	0.0100	get 0.0050% / 4h	21m 14s	$1.4M	$886K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.022%: $2.16
Slippage, 4 orders: −$67.94
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$87.78
Costs to cover: 0.899%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 17 min ago; Bitget: live order book, 5 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, 17 min ago	12.60 bp	22.4 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	12.65 bp	18.9 bp −$19	49.0 bp −$490	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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.349%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0048%	4h	0.01186	−0.017%	$215K	$19K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01187	+0.076%	$127K	$197K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01188	+0.126%	$591K	$165K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01187	+0.106%	$33K	$23K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01187	+0.093%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01186	−0.026%	$4.9M	$7.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01185	−0.051%	$5.1M	$2.4M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01186	0.000%	$1.0M	$2.1M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01186	0.000%	$302K	$263K	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	0.01186	0.000%	$965K	$1.6M	50x	as long as short
Bitget ZKUSDTshort	+0.0100%	4h	0.01186	0.000%	$1.4M	$886K	75x
BingX ZK-USDT	+0.0100%	4h	0.01186	+0.034%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01185	−0.099%	$57K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01187	+0.084%	$155K	$2.2M	10x	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01186	long leg	$8K	$629K	50x
Kraken Futures PF_ZKUSD	+0.2708%	1h	0.01190	+0.322%	$208K	$46K	25x	as long as short