Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: OKX against Aster−0.102%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on OKX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.102% cheaper against Aster than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZKUSDT	0.01198	0.0100	pay 0.0050% / 4h	3h 32m	$33K	$23K	10x
Short	OKX ZK-USDT-SWAP	0.01197	0.0100	get 0.0050% / 4h	3h 32m	$1.0M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee AsterbpFee OKXbpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → 0.000%: −$10.17
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.17
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; OKX: live order book, 5 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell OKX live order book, 5 min ago	2.92 bp	26.4 bp −$26	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−2.363%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01200	+0.099%	$128K	$186K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01199	+0.048%	$594K	$172K	5x	as long as short
Aster ZKUSDTlong	+0.0100%	4h	0.01198	long leg	$33K	$23K	10x
Pacifica ZK	+0.0100%	1h	0.01199	+0.057%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01197	−0.068%	$4.9M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01197	−0.102%	$5.1M	$2.5M	25x	as long as short
OKX ZK-USDT-SWAPshort	+0.0100%	4h	0.01197	−0.102%	$1.0M	$2.2M	20x
Gate ZK_USDT	+0.0100%	8h	0.01197	−0.110%	$303K	$261K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01197	−0.110%	$970K	$1.7M	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	0.01198	−0.027%	$1.5M	$913K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01197	−0.102%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01200	+0.120%	$58K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01203	+0.391%	$161K	$2.1M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01204	+0.474%	$8K	$631K	50x	as long as short
BloFin ZK-USDT	+0.0133%	4h	0.01201	+0.207%	$217K	$20K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.3544%	1h	0.01203	+0.353%	$210K	$47K	25x	as long as short