ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.010%

Price spread now: ApeX Omni against Lighter+0.247%48s7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as 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−$830.829% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 3 days (all we have)+0.136%+$14 · spread now +0.247%, 7d avg +0.062%

Together, before fees+0.280%+ Points / potential airdropLighter: Season 3 · farm board+$28 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 0.185% dearer against Lighter than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.062%. The two prices were read 48 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	Lighter ZK	0.01176	0.0096	pay 0.0012% / 1h	2m 39s	$131K	$173K	8x
Short	ApeX Omni ZKUSDT	0.01179	0.0100	get 0.0013% / 1h	2m 39s	$9K	$625K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now +0.247%Rate

Funding earned: $0.84
Price spread: +0.247% → +0.062%: $18.49
Slippage, 4 orders: −$72.94
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$63.61
Costs to cover: 0.829%
Break-even: 537.1 days

Slippage from Lighter: live order book, 52 min ago; ApeX Omni: live order book, 5 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 Lighter live order book, 52 min ago	8.02 bp	25.5 bp −$25	65.3 bp −$653	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 5 min ago	12.71 bp	23.9 bp −$24	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
Bybit ZKUSDT	−0.0201%	4h	0.01172	−0.332%	$5.0M	$2.6M	25x	as long as short
OKX ZK-USDT-SWAP	−0.0111%	4h	0.01171	−0.391%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.519%	$2K	$31K	5.5x	as long as short
Lighter ZKlong	+0.0096%	1h	0.01176	long leg	$131K	$173K	8x
Hyperliquid ZK	+0.0100%	1h	0.01176	−0.017%	$584K	$240K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01175	−0.099%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01174	−0.170%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01174	−0.167%	$4.8M	$9.4M	75x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01174	−0.179%	$330K	$242K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01173	−0.264%	$974K	$1.2M	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	0.01174	−0.179%	$1.5M	$838K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01172	−0.374%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01177	+0.071%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01179	+0.250%	$164K	$2.7M	10x	as long as short
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01179	+0.247%	$9K	$625K	50x
BloFin ZK-USDT	+0.0133%	4h	0.01180	+0.366%	$216K	$22K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1365%	1h	0.01177	+0.060%	$194K	$43K	25x	as long as short