Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against Gate+0.173%81s7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as 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−$1131.133% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 3 days (all we have)+0.722%+$72 · spread now +0.173%, 7d avg +0.066%

Together, before fees+0.682%+$68 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 0.107% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.066%. The two prices were read 81 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	Gate ZK_USDT	0.01159	0.0100	pay 0.0100% / 8h	2h 00m	$314K	$256K	50x
Short	ApeX Omni ZKUSDT	0.01161	0.0100	get 0.0013% / 1h	0m 03s	$7K	$623K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.173%Rate

Funding earned: $0
Price spread: +0.173% → +0.066%: $10.68
Slippage, 4 orders: −$88.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$102.6
Costs to cover: 1.133%
Break-even: never at this rate

Slippage from Gate: live order book, 20 min ago; ApeX Omni: live order book, 23 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 Gate live order book, 20 min ago	8.56 bp	28.0 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 23 min ago	12.83 bp	26.3 bp −$26	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
OKX ZK-USDT-SWAP	+0.0027%	4h	0.01159	−0.017%	$942K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.949%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01161	+0.181%	$118K	$160K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01161	+0.129%	$582K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01160	+0.108%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01159	0.000%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01159	+0.005%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01159	−0.026%	$4.9M	$2.7M	25x	as long as short
Gate ZK_USDTlong	+0.0100%	8h	0.01159	long leg	$314K	$256K	50x
KuCoin ZKUSDTM	+0.0100%	4h	0.01159	0.000%	$983K	$965K	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	0.01160	+0.086%	$1.4M	$851K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01159	+0.009%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01159	−0.016%	$56K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01160	+0.085%	$153K	$2.9M	10x	as long as short
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01161	+0.173%	$7K	$623K	50x
BloFin ZK-USDT	+0.0123%	4h	0.01159	−0.017%	$212K	$24K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1501%	1h	0.01162	+0.270%	$192K	$44K	25x	as long as short