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 +0.009%

Price spread now: Variational Omni against OKX−0.808%7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.808% cheaper against OKX than usual: you would sell low and buy high, −$81 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	OKX ZK-USDT-SWAP	0.01206	0.0100	pay 0.0050% / 4h	3h 27m	$1.0M	$2.2M	20x
Short	Variational Omni ZK	0.01197	0.0100	get 0.0050% / 4h	3h 27m	$58K	$13K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now −0.808%Rate

Funding earned: $0
Price spread: −0.808% → 0.000%: −$80.79
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$90.79
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	4.18 bp	25.2 bp −$25	doesn't fit	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 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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−3.025%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0089%	4h	0.01196	−0.870%	$217K	$20K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01204	−0.191%	$129K	$186K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01206	−0.025%	$597K	$172K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01207	+0.005%	$33K	$23K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01205	−0.141%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01207	+0.022%	$5.0M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01206	−0.058%	$5.1M	$2.5M	25x	as long as short
OKX ZK-USDT-SWAPlong	+0.0100%	4h	0.01206	long leg	$1.0M	$2.2M	20x
Gate ZK_USDT	+0.0100%	8h	0.01204	−0.207%	$303K	$262K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01206	−0.041%	$981K	$1.7M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01206	−0.041%	$1.5M	$913K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01204	−0.182%	—	$6.7M	—	as long as short
Variational Omni ZKshort	+0.0100%	4h	0.01197	−0.808%	$58K	$13K	—
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01198	−0.705%	$161K	$2.1M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01199	−0.622%	$8K	$630K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.3513%	1h	0.01213	+0.561%	$212K	$49K	25x	as long as short