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

ZK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.1533%/8h= +167.8% APRpaid last 24h +0.576%
Price spread now: Kraken Futures against Aster+0.204%54s7-day average · you sell dearer than you buy
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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and Kraken Futures is 0.204% dearer against Aster than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZKUSDT0.011830.0100pay 0.0050% / 4h1h 01m$32K$22K10x
ShortKraken Futures PF_ZKUSD0.011860.1633get 0.0204% / 1h1m 27s$207K$46K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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
$321.85
Price spread: +0.204% → 0.000%
$20.44
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$324.29
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Kraken Futures: live order book, 41 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 Aster no order-book sample
Sell Kraken Futures live order book, 41 min ago31.84 bp49.5 bp −$50258.3 bp −$2,583doesn't fitdoesn't fit
Aster: 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%1h0.01170−1.132%$2K$31K5.5xas long as short
BloFin ZK-USDT+0.0088%4h0.01184+0.017%$214K$19K75xas long as short
Lighter ZK+0.0096%1h0.01184+0.059%$127K$201K8xas long as short
Hyperliquid ZK+0.0100%1h0.01184+0.034%$587K$170K5xas long as short
Aster ZKUSDTlong+0.0100%4h0.01183long leg$32K$22K10x
Pacifica ZK+0.0100%1h0.01184+0.051%$29K$3K5xas long as short
Binance ZKUSDT+0.0100%4h0.01183−0.050%$4.9M$8.0M75xas long as short
Bybit ZKUSDT+0.0100%4h0.01182−0.160%$5.1M$2.4M25xas long as short
OKX ZK-USDT-SWAP+0.0100%4h0.01182−0.093%$1.0M$2.1M20xas long as short
Gate ZK_USDT+0.0100%8h0.01182−0.118%$302K$264K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZKUSDTM+0.0100%4h0.01182−0.118%$967K$1.6M50xas long as short
Bitget ZKUSDT+0.0100%4h0.01182−0.118%$1.4M$884K75xas long as short
BingX ZK-USDT+0.0100%4h0.01182−0.093%$6.7Mas long as short
Variational Omni ZK+0.0100%4h0.01187+0.338%$57K$13Kas long as short
GRVT ZK_USDT_Perp+0.0100%4h0.01184+0.051%$164K$2.2M10xas long as short
ApeX Omni ZKUSDT+0.0100%1h0.01187+0.304%$8K$629K50xas long as short
Kraken Futures PF_ZKUSDshort+0.1633%1h0.01186+0.204%$207K$46K25x