Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Gate against ApeX Omni−0.344%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1131.133% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 3 days (all we have)−0.550%−$55 · spread now −0.344%, 7d avg −0.066%

Together, before fees−0.510%−$51 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: Gate is 0.278% cheaper against ApeX Omni than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZKUSDT	0.01163	0.0100	pay 0.0013% / 1h	4m 58s	$8K	$623K	50x
Short	Gate ZK_USDT	0.01159	0.0100	get 0.0100% / 8h	2h 04m	$314K	$256K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.344%Rate

Funding earned: $0
Price spread: −0.344% → −0.066%: −$27.81
Slippage, 4 orders: −$88.28
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$141.09
Costs to cover: 1.133%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 18 min ago; Gate: live order book, 15 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, 18 min ago	12.83 bp	24.8 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 15 min ago	8.56 bp	34.2 bp −$34	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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.602%	$2K	$31K	5.5x	as long as short
OKX ZK-USDT-SWAP	+0.0072%	4h	0.01158	−0.439%	$942K	$2.3M	20x	as long as short
Lighter ZK	+0.0096%	1h	0.01161	−0.138%	$118K	$160K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01161	−0.181%	$582K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01161	−0.202%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01161	−0.172%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01159	−0.344%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01159	−0.378%	$4.9M	$2.7M	25x	as long as short
Gate ZK_USDTshort	+0.0100%	8h	0.01159	−0.344%	$314K	$256K	50x
KuCoin ZKUSDTM	+0.0100%	4h	0.01160	−0.258%	$983K	$964K	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	0.01161	−0.172%	$1.5M	$851K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01160	−0.275%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01159	−0.353%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01165	+0.172%	$154K	$2.9M	10x	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01163	long leg	$8K	$623K	50x
BloFin ZK-USDT	+0.0105%	4h	0.01160	−0.232%	$212K	$24K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1501%	1h	0.01162	−0.058%	$192K	$44K	25x	as long as short