Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against BingX+0.015%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZK-USDT	0.01169	0.0100	pay 0.0050% / 4h	1h 37m	—	$6.6M	—
Short	Aster ZKUSDT	0.01170	0.0100	get 0.0050% / 4h	1h 37m	$31K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → 0.000%: $1.55
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$16.45
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 14 min ago; Aster: no order-book sample. 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 BingX live order book, 14 min ago	4.68 bp	25.9 bp −$26	56.7 bp −$567	481.3 bp −$48.1K	708.9 bp −$354.4K
Sell Aster no order-book sample	—	—	—	—	—

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
OKX ZK-USDT-SWAP	−0.0093%	4h	0.01168	−0.120%	$1.0M	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.051%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01171	+0.128%	$135K	$182K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01171	+0.111%	$583K	$221K	5x	as long as short
Aster ZKUSDTshort	+0.0100%	4h	0.01170	+0.015%	$31K	$20K	10x
Pacifica ZK	+0.0100%	1h	0.01169	−0.043%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01169	−0.068%	$4.8M	$8.7M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01168	−0.086%	$5.0M	$2.5M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01170	+0.051%	$326K	$231K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01169	−0.034%	$973K	$1.3M	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	0.01170	+0.051%	$1.5M	$834K	75x	as long as short
BingX ZK-USDTlong	+0.0100%	4h	0.01169	long leg	—	$6.6M	—
Variational Omni ZK	+0.0100%	4h	0.01170	+0.049%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01174	+0.434%	$155K	$2.5M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01173	+0.308%	$9K	$620K	50x	as long as short
BloFin ZK-USDT	+0.0108%	4h	0.01174	+0.393%	$217K	$20K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1604%	1h	0.01172	+0.258%	$193K	$39K	25x	as long as short