Settings8H · net · $10k
Funding arb · Price arb /

ZK

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Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: Variational Omni against Hyperliquid−0.261%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.261% cheaper against Hyperliquid than usual: you would sell low and buy high, −$26 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ZK0.011790.0100pay 0.0013% / 1h11m 44s$585K$242K5x
ShortVariational Omni ZK0.011760.0100get 0.0050% / 4h3h 11m$57K$15K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Hyperliquid. 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

Funding earned
$0
Price spread: −0.261% → 0.000%
−$26.15
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$35.15
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 48 min ago; Variational Omni: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 48 min ago0.42 bp18.9 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni no order-book sample
Variational Omni: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZK-USDT-SWAP−0.0104%4h0.01177−0.136%$1.0M$2.3M20xas long as short
Bybit ZKUSDT+0.0018%4h0.01177−0.153%$5.0M$2.6M25xas long as short
Injective ZK/USDC PERP+0.0033%1h0.01170−0.738%$2K$31K5.5xas long as short
Lighter ZK+0.0096%1h0.01180+0.119%$131K$173K8xas long as short
Hyperliquid ZKlong+0.0100%1h0.01179long leg$585K$242K5x
Aster ZKUSDT+0.0100%4h0.01180+0.087%$37K$19K10xas long as short
Pacifica ZK+0.0100%1h0.01178−0.093%$29K$3K5xas long as short
Binance ZKUSDT+0.0100%4h0.01178−0.042%$4.8M$9.4M75xas long as short
Gate ZK_USDT+0.0100%8h0.01179+0.025%$331K$241K50xas long as short
KuCoin ZKUSDTM+0.0100%4h0.01177−0.144%$982K$1.2M50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZKUSDT+0.0100%4h0.01179+0.025%$1.5M$846K75xas long as short
BingX ZK-USDT+0.0100%4h0.01178−0.059%$6.7Mas long as short
Variational Omni ZKshort+0.0100%4h0.01176−0.261%$57K$15K
GRVT ZK_USDT_Perp+0.0100%4h0.01179+0.025%$164K$2.7M10xas long as short
ApeX Omni ZKUSDT+0.0100%1h0.01178−0.059%$9K$623K50xas long as short
BloFin ZK-USDT+0.0121%4h0.01180+0.076%$215K$22K75xas long as short
Kraken Futures PF_ZKUSD+0.1360%1h0.01181+0.180%$194K$43K25xas long as short