Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against BingX−0.344%98s7-day average +0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as 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−$900.897% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+2.464%+$246 · spread now −0.344%, 7d avg +0.091%

Together, before fees+2.425%+$243 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 0.435% cheaper against BingX than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of +0.091%. The two prices were read 98 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	BingX ZK-USDT	0.01192	0.0100	pay 0.0050% / 4h	15m 52s	—	$6.7M	—
Short	ApeX Omni ZKUSDT	0.01188	0.0100	get 0.0013% / 1h	15m 52s	$8K	$629K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now −0.344%Rate

Funding earned: $0
Price spread: −0.344% → +0.091%: −$43.52
Slippage, 4 orders: −$69.72
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$133.23
Costs to cover: 0.897%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; ApeX Omni: live order book, 22 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 BingX live order book, 11 min ago	4.63 bp	23.8 bp −$24	58.8 bp −$588	421.8 bp −$42.2K	697.7 bp −$348.8K
Sell ApeX Omni live order book, 22 min ago	12.60 bp	22.6 bp −$23	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	−1.854%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0047%	4h	0.01192	−0.017%	$215K	$19K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01194	+0.134%	$128K	$197K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01193	+0.092%	$593K	$165K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01193	+0.113%	$33K	$23K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01192	+0.017%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01192	+0.025%	$4.9M	$7.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01192	+0.017%	$5.2M	$2.4M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01191	−0.067%	$1.0M	$2.1M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01192	−0.008%	$304K	$264K	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	0.01191	−0.092%	$972K	$1.6M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01192	−0.008%	$1.4M	$885K	75x	as long as short
BingX ZK-USDTlong	+0.0100%	4h	0.01192	long leg	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01191	−0.062%	$58K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01190	−0.176%	$155K	$2.2M	10x	as long as short
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01188	−0.344%	$8K	$629K	50x
Kraken Futures PF_ZKUSD	+0.2690%	1h	0.01198	+0.473%	$209K	$46K	25x	as long as short