ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.001%

Price spread now: BloFin against BingX+0.078%66s7-day average +0.047% · 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—prices read too far apart to compare

costs, in and out, $10k−$660.660% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 3 days (all we have)+0.268%+$27 · spread now +0.078%, 7d avg +0.047%

Together, before fees+0.233%+$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.030% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.047%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZK-USDT	0.01159	0.0100	pay 0.0050% / 4h	2h 02m	—	$6.7M	—
Short	BloFin ZK-USDT	0.01160	0.0104	get 0.0052% / 4h	2h 02m	$213K	$24K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0.82
Price spread: +0.078% → +0.047%: $3.03
Slippage, 4 orders: −$43.97
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$62.11
Costs to cover: 0.660%
Break-even: 535.6 days

Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 13 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 BingX live order book, 5 min ago	2.58 bp	16.0 bp −$16	46.1 bp −$461	456.5 bp −$45.6K	784.3 bp −$392.2K
Sell BloFin live order book, 13 min ago	2.14 bp	20.5 bp −$20	37.4 bp −$374	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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.949%	$2K	$31K	5.5x	as long as short
OKX ZK-USDT-SWAP	+0.0043%	4h	0.01159	−0.017%	$942K	$2.3M	20x	as long as short
Lighter ZK	+0.0096%	1h	0.01161	+0.207%	$118K	$160K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01161	+0.181%	$583K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01160	+0.127%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01160	+0.060%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01160	+0.049%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01159	0.000%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01159	0.000%	$314K	$256K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01159	0.000%	$984K	$963K	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	0.01161	+0.173%	$1.5M	$851K	75x	as long as short
BingX ZK-USDTlong	+0.0100%	4h	0.01159	long leg	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01159	−0.009%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01160	+0.085%	$153K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01161	+0.173%	$7K	$623K	50x	as long as short
BloFin ZK-USDTshort	+0.0104%	4h	0.01160	+0.078%	$213K	$24K	75x
Kraken Futures PF_ZKUSD	+0.1500%	1h	0.01163	+0.352%	$193K	$44K	25x	as long as short