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

ZK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0146%/8h= −16.0% APRnext payment $0.73 per $10,000 · paid last 24h −0.010%
Price spread now: OKX against Variational Omni−0.237%7-day average · you buy dearer than you sell
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 4 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 against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.237% cheaper against Variational Omni than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ZK0.011740.0100pay 0.0050% / 4h3h 22m$57K$15K
ShortOKX ZK-USDT-SWAP0.01171−0.0046pay 0.0023% / 4h3h 22m$1.0M$2.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$30.62
Price spread: −0.237% → 0.000%
−$23.7
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$64.32
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago4.26 bp25.5 bp −$26doesn't fitdoesn'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-SWAPshort−0.0046%4h0.01171−0.237%$1.0M$2.2M20x
Injective ZK/USDC PERP+0.0033%1h0.01170−0.356%$2K$31K5.5xas long as short
Lighter ZK+0.0096%1h0.01176+0.121%$135K$181K8xas long as short
Hyperliquid ZK+0.0100%1h0.01175+0.044%$586K$187K5xas long as short
Aster ZKUSDT+0.0100%4h0.01175+0.050%$31K$20K10xas long as short
Pacifica ZK+0.0100%1h0.01174−0.033%$29K$3K5xas long as short
Binance ZKUSDT+0.0100%4h0.01174−0.057%$4.9M$8.1M75xas long as short
Bybit ZKUSDT+0.0100%4h0.01172−0.143%$5.1M$2.4M25xas long as short
Gate ZK_USDT+0.0100%8h0.01173−0.101%$303K$254K50xas long as short
KuCoin ZKUSDTM+0.0100%4h0.01172−0.186%$967K$1.4M50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZKUSDT+0.0100%4h0.01174−0.016%$1.5M$838K75xas long as short
BingX ZK-USDT+0.0100%4h0.01172−0.143%$6.7Mas long as short
Variational Omni ZKlong+0.0100%4h0.01174long leg$57K$15K
GRVT ZK_USDT_Perp+0.0100%4h0.01174+0.027%$152K$2.3M10xas long as short
ApeX Omni ZKUSDT+0.0100%1h0.01179+0.410%$8K$620K50xas long as short
BloFin ZK-USDT+0.0133%4h0.01174−0.041%$216K$21K75xas long as short
Kraken Futures PF_ZKUSD+0.1336%1h0.01176+0.165%$193K$38K25xas long as short