Spread before costs (cost unknown: a leg has no order-book sample)−0.543%
7d average—if it closes, per $10,000$54funding while held, a day+$4.75
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZKUSDT | 0.01176 | 0.0100 | pay 0.0050% / 4h | 5m 13s | $4.7M | $11.2M | 75x |
| Short | Injective ZK/USDC PERP | 0.01170 | 0.0258 | get 0.0032% / 1h | 5m 13s | $2K | $31K | 5.5x |
Binance ZKUSDT
Injective ZK/USDC PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$54.28
- Funding while held
- $4.75
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$59.55
- Spread needed to break even
- 0.100%
Slippage unknown: Binance: live order book, 6 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0158%
- Per $10,000 a day
- +$4.75
- Average in range /8h
- —
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, 6 min ago | 1.28 bp | 18.6 bp −$19 | 63.9 bp −$639 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective0.01170cheapest
Variational Omni0.01176+0.504%Bybit0.01176+0.521%
Variational Omni
BybitBinance0.01176+0.546%
OKX0.01176+0.556%BingX0.01177+0.573%Pacifica0.01177+0.581%BloFin0.01177+0.590%KuCoin0.01177+0.598%Bitget0.01177+0.598%Lighter0.01178+0.650%Aster0.01178+0.671%Hyperliquid0.01178+0.675%Gate0.01178+0.684%ApeX Omni0.01178+0.684%Kraken Futures0.01180+0.877%
OKX
BingX
Pacifica
BloFin
KuCoin
Bitget
Lighter
Aster
Hyperliquid
Gate
ApeX Omni
Kraken FuturesZK on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ZK/USDC PERPshort | −0.543% | +0.0258% | 1h | $2K | $31K | 5.5x | |
| Variational Omni ZK | −0.042% | +0.0100% | 4h | $57K | $20K | — | as long as short |
| Bybit ZKUSDT | −0.024% | +0.0100% | 4h | $5.0M | $3.0M | 25x | as long as short |
| Binance ZKUSDTlong | 0.000% | +0.0100% | 4h | $4.7M | $11.2M | 75x | |
| OKX ZK-USDT-SWAP | +0.010% | +0.0100% | 4h | $969K | $2.5M | 20x | as long as short |
| BingX ZK-USDT | +0.027% | +0.0100% | 4h | — | $6.7M | — | as long as short |
| Pacifica ZK | +0.035% | +0.0100% | 1h | $29K | $4K | 5x | as long as short |
| BloFin ZK-USDT | +0.044% | +0.0075% | 4h | $225K | $50K | 75x | as long as short |
| KuCoin ZKUSDTM | +0.052% | +0.0100% | 4h | $1.1M | $1.2M | 50x | as long as short |
| Bitget ZKUSDT | +0.052% | +0.0100% | 4h | $1.5M | $1.0M | 75x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter ZK | +0.103% | +0.0096% | 1h | $128K | $143K | 8x | as long as short |
| Aster ZKUSDT | +0.125% | +0.0100% | 4h | $32K | $34K | 10x | as long as short |
| Hyperliquid ZK | +0.129% | +0.0100% | 1h | $574K | $294K | 5x | as long as short |
| Gate ZK_USDT | +0.137% | +0.0100% | 8h | $334K | $304K | 50x | as long as short |
| ApeX Omni ZKUSDT | +0.137% | +0.0100% | 1h | $8K | $611K | 50x | as long as short |
| Kraken Futures PF_ZKUSD | +0.330% | +0.1955% | 1h | $196K | $40K | 25x | as long as short |