Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

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

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

Long on Bybit 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKUSDT	0.01168	0.0100	pay 0.0050% / 4h	2h 11m	$5.1M	$2.4M	25x
Short	Aster ZKUSDT	0.01168	0.0100	get 0.0050% / 4h	2h 11m	$31K	$21K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → 0.000%: −$1.53
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$20.53
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.28 bp	28.5 bp −$29	129.5 bp −$1,295	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
OKX ZK-USDT-SWAP	−0.0092%	4h	0.01170	+0.146%	$995K	$2.1M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.146%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01170	+0.137%	$127K	$197K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01171	+0.197%	$582K	$180K	5x	as long as short
Aster ZKUSDTshort	+0.0100%	4h	0.01168	−0.015%	$31K	$21K	10x
Pacifica ZK	+0.0100%	1h	0.01168	−0.026%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01170	+0.112%	$4.8M	$8.1M	75x	as long as short
Bybit ZKUSDTlong	+0.0100%	4h	0.01168	long leg	$5.1M	$2.4M	25x
Gate ZK_USDT	+0.0100%	8h	0.01168	−0.026%	$297K	$266K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01167	−0.111%	$960K	$1.5M	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	0.01169	+0.060%	$1.4M	$901K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01168	+0.009%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01164	−0.393%	$56K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01166	−0.227%	$153K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01164	−0.368%	$8K	$624K	50x	as long as short
BloFin ZK-USDT	+0.0140%	4h	0.01165	−0.274%	$211K	$18K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1273%	1h	0.01171	+0.261%	$195K	$38K	25x	as long as short