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

ZK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against Variational Omni+0.371%251s7-day average · you sell dearer than you buy
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 airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.371% dearer against Variational Omni than usual: you sell high and buy low: +$37 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 251 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ZK0.011660.0100pay 0.0050% / 4h2h 45m$57K$15K
ShortBloFin ZK-USDT0.011700.0147get 0.0073% / 4h2h 45m$216K$22K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. 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
$9.82
Price spread: +0.371% → 0.000%
$37.14
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$34.96
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; BloFin: live order book, 15 min ago. 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 Variational Omni no order-book sample
Sell BloFin live order book, 15 min ago3.42 bp19.1 bp −$1941.4 bp −$414doesn't fitdoesn't fit
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−0.0212%4h0.01167+0.080%$1.0M$2.4M20xas long as short
Bybit ZKUSDT−0.0184%4h0.01168+0.174%$5.0M$2.6M25xas long as short
Injective ZK/USDC PERP+0.0033%1h0.01170+0.346%$2K$31K5.5xas long as short
Lighter ZK+0.0096%1h0.01170+0.371%$130K$175K8xas long as short
Hyperliquid ZK+0.0100%1h0.01170+0.303%$581K$240K5xas long as short
Aster ZKUSDT+0.0100%4h0.01170+0.313%$36K$19K10xas long as short
Pacifica ZK+0.0100%1h0.01168+0.200%$29K$3K5xas long as short
Binance ZKUSDT+0.0100%4h0.01168+0.217%$4.8M$9.4M75xas long as short
Gate ZK_USDT+0.0100%8h0.01168+0.174%$325K$235K50xas long as short
KuCoin ZKUSDTM+0.0100%4h0.01168+0.174%$971K$1.2M50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZKUSDT+0.0100%4h0.01169+0.260%$1.5M$863K75xas long as short
BingX ZK-USDT+0.0100%4h0.01168+0.148%$6.7Mas long as short
Variational Omni ZKlong+0.0100%4h0.01166long leg$57K$15K
GRVT ZK_USDT_Perp+0.0100%4h0.01172+0.517%$155K$2.6M10xas long as short
ApeX Omni ZKUSDT+0.0100%1h0.01170+0.346%$9K$626K50xas long as short
BloFin ZK-USDTshort+0.0147%4h0.01170+0.371%$216K$22K75x
Kraken Futures PF_ZKUSD+0.0737%1h0.01173+0.598%$193K$43K25xas long as short