Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against Binance−0.239%59s7-day average +0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as 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−$800.802% of the position

Long on Binance Short on ApeX Omni

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)+1.092%+$109 · spread now −0.239%, 7d avg +0.094%

Together, before fees+1.083%+$108 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: ApeX Omni is 0.333% cheaper against Binance than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.094%. 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	Binance ZKUSDT	0.01172	0.0100	pay 0.0050% / 4h	1h 04m	$4.7M	$9.8M	75x
Short	ApeX Omni ZKUSDT	0.01169	0.0100	get 0.0013% / 1h	4m 32s	$8K	$624K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.239%Rate

Funding earned: $0
Price spread: −0.239% → +0.094%: −$33.3
Slippage, 4 orders: −$60.22
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$113.52
Costs to cover: 0.802%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; ApeX Omni: live order book, 13 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 Binance live order book, 5 min ago	1.28 bp	16.6 bp −$17	57.9 bp −$579	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 13 min ago	12.86 bp	24.1 bp −$24	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
OKX ZK-USDT-SWAP	+0.0018%	4h	0.01173	+0.076%	$947K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.154%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0057%	4h	0.01168	−0.299%	$211K	$25K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01174	+0.145%	$128K	$165K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01173	+0.111%	$595K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01172	+0.025%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01173	+0.076%	$29K	$3K	5x	as long as short
Binance ZKUSDTlong	+0.0100%	4h	0.01172	long leg	$4.7M	$9.8M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01173	+0.076%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01172	+0.017%	$320K	$248K	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	0.01171	−0.069%	$988K	$1.0M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01172	+0.017%	$1.5M	$866K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01172	+0.025%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01167	−0.368%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01169	−0.238%	$160K	$2.8M	10x	as long as short
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01169	−0.239%	$8K	$624K	50x
Kraken Futures PF_ZKUSD	+0.1289%	1h	0.01173	+0.094%	$194K	$43K	25x	as long as short