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 −0.004%

Price spread now: Variational Omni against KuCoin+0.046%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational 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 0.046% dearer against KuCoin than usual: you sell high and buy low, +$5 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	KuCoin ZKUSDTM	0.01194	0.0100	pay 0.0050% / 4h	1h 47m	$965K	$1.8M	50x
Short	Variational Omni ZK	0.01195	0.0100	get 0.0050% / 4h	1h 47m	$58K	$4K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → 0.000%: $4.57
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.43
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 1 min ago	12.57 bp	100.7 bp −$101	187.9 bp −$1,879	doesn't fit	doesn'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 exchanges

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	−2.010%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0078%	4h	0.01195	+0.092%	$214K	$27K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01196	+0.184%	$129K	$180K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01195	+0.101%	$592K	$171K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01195	+0.107%	$33K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01194	−0.017%	$29K	$2K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01195	+0.050%	$4.9M	$7.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01195	+0.101%	$5.1M	$2.5M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01194	+0.025%	$1.0M	$2.2M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01194	0.000%	$306K	$268K	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01194	long leg	$965K	$1.8M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01195	+0.084%	$1.5M	$877K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01194	+0.017%	—	$6.6M	—	as long as short
Variational Omni ZKshort	+0.0100%	4h	0.01195	+0.046%	$58K	$4K	—
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01196	+0.198%	$160K	$2.0M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01195	+0.084%	$8K	$635K	50x	as long as short
Kraken Futures PF_ZKUSD	+4.0074%	1h	0.01197	+0.232%	$208K	$48K	25x	as long as short