ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0268%/8h= −29.3% APRnext payment −$1.34 per $10,000 · paid last 24h −0.010%

Price spread now: OKX against Binance−0.122%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$810.811% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days+0.132%+$13 · spread now −0.122%, 7d avg +0.009%

Together, before fees+0.091%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and OKX is 0.131% cheaper against Binance than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKUSDT	0.01175	0.0100	pay 0.0050% / 4h	2h 24m	$4.9M	$9.1M	75x
Short	OKX ZK-USDT-SWAP	0.01174	−0.0168	pay 0.0084% / 4h	2h 24m	$1.0M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.122%Rate

Funding earned: −$56.23
Price spread: −0.122% → +0.009%: −$13.1
Slippage, 4 orders: −$61.06
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$150.39
Costs to cover: 0.811%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; OKX: live order book, 2 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, 15 min ago	1.29 bp	21.7 bp −$22	76.0 bp −$760	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.41 bp	27.2 bp −$27	117.0 bp −$1,170	doesn't fit	doesn't fit

ZK on 16 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-SWAPshort	−0.0168%	4h	0.01174	−0.122%	$1.0M	$2.4M	20x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.445%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01177	+0.125%	$131K	$176K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01176	+0.074%	$584K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01176	+0.042%	$37K	$15K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01175	−0.011%	$29K	$3K	5x	as long as short
Binance ZKUSDTlong	+0.0100%	4h	0.01175	long leg	$4.9M	$9.1M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01175	−0.045%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01174	−0.105%	$326K	$240K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01174	−0.105%	$976K	$1.2M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01175	−0.019%	$1.5M	$857K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01175	−0.002%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01175	−0.040%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01174	−0.105%	$161K	$2.6M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01172	−0.275%	$9K	$624K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.0733%	1h	0.01179	+0.282%	$194K	$43K	25x	as long as short