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 0.000%

Price spread now: Aster against Bitget+0.091%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Aster

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: Aster is 0.091% dearer against Bitget than usual: you sell high and buy low, +$9 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	Bitget ZKUSDT	0.01195	0.0100	pay 0.0050% / 4h	3h 58m	$1.4M	$893K	75x
Short	Aster ZKUSDT	0.01196	0.0100	get 0.0050% / 4h	3h 58m	$33K	$23K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → 0.000%: $9.06
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.94
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	8.37 bp	21.3 bp −$21	67.1 bp −$671	doesn't fit	doesn't fit
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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−2.092%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01196	+0.109%	$128K	$186K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01196	+0.084%	$594K	$166K	5x	as long as short
Aster ZKUSDTshort	+0.0100%	4h	0.01196	+0.091%	$33K	$23K	10x
Pacifica ZK	+0.0100%	1h	0.01195	0.000%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01196	+0.092%	$4.9M	$7.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01196	+0.126%	$5.2M	$2.4M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01196	+0.117%	$1.0M	$2.1M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01194	−0.084%	$304K	$256K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01194	−0.084%	$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 ZKUSDTlong	+0.0100%	4h	0.01195	long leg	$1.4M	$893K	75x
BingX ZK-USDT	+0.0100%	4h	0.01196	+0.100%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01194	−0.068%	$58K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01196	+0.077%	$156K	$2.1M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01192	−0.251%	$8K	$628K	50x	as long as short
BloFin ZK-USDT	+0.0160%	4h	0.01195	−0.017%	$213K	$19K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.3551%	1h	0.01201	+0.461%	$210K	$46K	25x	as long as short