Spread before costs (cost unknown: a leg has no order-book sample)−0.372%
7d average—if it closes, per $10,000$37funding while held, a day+$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZK | 0.01172 | 0.0096 | pay 0.0012% / 1h | 16m 02s | $116K | $160K | 8x |
| Short | Variational Omni ZK | 0.01167 | 0.0100 | get 0.0050% / 4h | 3h 16m | $57K | $20K | — |
Lighter ZK
Variational Omni ZKPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$37.2
- Funding while held
- $0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$37.08
- Spread needed to break even
- 0.000%
Slippage unknown: Lighter: live order book, 11 min ago; Variational Omni: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- Average in range /8h
- —
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, 11 min ago | 3.84 bp | 10.4 bp −$10 | 80.0 bp −$800 | 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 price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.01165cheapestBloFin0.01166+0.120%
ApeX Omni
BloFinVariational Omni0.01167+0.210%
OKX0.01170+0.386%Pacifica0.01170+0.395%Gate0.01170+0.429%Injective0.01170+0.429%Bybit0.01170+0.446%BingX0.01170+0.446%Binance0.01170+0.464%KuCoin0.01171+0.515%Bitget0.01171+0.515%
OKX
Pacifica
Gate
Injective
Bybit
BingX
Binance
KuCoin
BitgetLighter0.01172+0.584%
Aster0.01172+0.624%Hyperliquid0.01173+0.661%Kraken Futures0.01173+0.722%
Aster
Hyperliquid
Kraken FuturesZK on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni ZKUSDT | −0.580% | +0.0100% | 1h | $8K | $612K | 50x | as long as short |
| BloFin ZK-USDT | −0.461% | +0.0149% | 4h | $223K | $50K | 75x | as long as short |
| Variational Omni ZKshort | −0.372% | +0.0100% | 4h | $57K | $20K | — | |
| OKX ZK-USDT-SWAP | −0.196% | +0.0100% | 4h | $963K | $2.5M | 20x | as long as short |
| Pacifica ZK | −0.188% | +0.0100% | 1h | $29K | $3K | 5x | as long as short |
| Gate ZK_USDT | −0.154% | +0.0100% | 8h | $328K | $295K | 50x | as long as short |
| Injective ZK/USDC PERP | −0.154% | +0.0033% | 1h | $2K | $31K | 5.5x | as long as short |
| Bybit ZKUSDT | −0.137% | +0.0100% | 4h | $5.0M | $3.0M | 25x | as long as short |
| BingX ZK-USDT | −0.137% | +0.0100% | 4h | — | $6.7M | — | as long as short |
| Binance ZKUSDT | −0.119% | +0.0100% | 4h | $4.7M | $11.0M | 75x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin ZKUSDTM | −0.068% | +0.0100% | 4h | $1.0M | $1.2M | 50x | as long as short |
| Bitget ZKUSDT | −0.068% | +0.0100% | 4h | $1.5M | $987K | 75x | as long as short |
| Lighter ZKlong | 0.000% | +0.0096% | 1h | $116K | $160K | 8x | |
| Aster ZKUSDT | +0.040% | +0.0100% | 4h | $31K | $34K | 10x | as long as short |
| Hyperliquid ZK | +0.077% | +0.0100% | 1h | $574K | $270K | 5x | as long as short |
| Kraken Futures PF_ZKUSD | +0.138% | +0.1756% | 1h | $195K | $39K | 25x | as long as short |