ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.11 per $10,000 · paid last 24h −0.001%

Price spread now: BloFin against Binance+0.136%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$680.681% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 3 days (all we have)−0.005%$0 · spread now +0.136%, 7d avg +0.025%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.110% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKUSDT	0.01178	0.0100	pay 0.0050% / 4h	3h 12m	$4.8M	$9.4M	75x
Short	BloFin ZK-USDT	0.01180	0.0121	get 0.0061% / 4h	3h 12m	$215K	$22K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now +0.136%Rate

Funding earned: $4.41
Price spread: +0.136% → +0.025%: $11.04
Slippage, 4 orders: −$46.07
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$52.62
Costs to cover: 0.681%
Break-even: 90.5 days

Slippage from Binance: live order book, 12 min ago; BloFin: live order book, 53 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 Binance live order book, 12 min ago	3.40 bp	19.0 bp −$19	62.5 bp −$625	doesn't fit	doesn't fit
Sell BloFin live order book, 53 min ago	0.42 bp	17.7 bp −$18	50.0 bp −$500	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
OKX ZK-USDT-SWAP	−0.0098%	4h	0.01176	−0.127%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.679%	$2K	$31K	5.5x	as long as short
Bybit ZKUSDT	+0.0090%	4h	0.01178	−0.025%	$5.0M	$2.6M	25x	as long as short
Lighter ZK	+0.0096%	1h	0.01180	+0.178%	$131K	$173K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01179	+0.110%	$585K	$242K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01180	+0.173%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01178	0.000%	$29K	$3K	5x	as long as short
Binance ZKUSDTlong	+0.0100%	4h	0.01178	long leg	$4.8M	$9.4M	75x
Gate ZK_USDT	+0.0100%	8h	0.01180	+0.170%	$332K	$241K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01178	0.000%	$983K	$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	0.01179	+0.085%	$1.5M	$846K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01178	+0.008%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01176	−0.202%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01179	+0.085%	$164K	$2.7M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01178	0.000%	$9K	$623K	50x	as long as short
BloFin ZK-USDTshort	+0.0121%	4h	0.01180	+0.136%	$215K	$22K	75x
Kraken Futures PF_ZKUSD	+0.1358%	1h	0.01183	+0.452%	$195K	$43K	25x	as long as short