Funding you earn now, next payment 09:00 UTC+0.3401%/8h= +372.4% APRpaid last 24h +0.597%
Price spread now: Kraken Futures against BingX+0.503%53s7-day average +0.261% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as 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−$2512.515% of the position
Funding, last 7 days+1.633%+$163 on $10k
+Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.503%, 7d avg +0.261%
=Both sides work for this trade now. Funding pays +$102 a day on $10k at the current rate, and Kraken Futures is 0.241% dearer against BingX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.261%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.633% in total (about 85.1% a year). A funding rate is set anew for every payment. 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 | BingX ZK-USDT | 0.01211 | 0.0100 | pay 0.0050% / 4h | 3h 11m | — | $6.6M | — |
| Short | Kraken Futures PF_ZKUSD | 0.01217 | 0.3501 | get 0.0438% / 1h | 11m 26s | $212K | $48K | 25x |
BingX ZK-USDT
Kraken Futures PF_ZKUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $714.27
- Price spread: +0.503% → +0.261%
- $24.14
- Slippage, 4 orders
- −$231.46
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $486.95
- Costs to cover
- 2.515%
- Break-even
- 2.2 days
Slippage from BingX: live order book, 11 min ago; Kraken Futures: live order book, 21 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, 11 min ago | 3.31 bp | 17.5 bp −$17 | 51.1 bp −$511 | 382.7 bp −$38.3K | 643.0 bp −$321.5K |
| Sell Kraken Futures live order book, 21 min ago | 40.44 bp | 71.6 bp −$72 | 311.2 bp −$3,112 | 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 | −3.410% | $2K | $31K | 5.5x | as long as short |
| BloFin ZK-USDT | +0.0090% | 4h | 0.01209 | −0.215% | $216K | $20K | 75x | as long as short |
| Lighter ZK | +0.0096% | 1h | 0.01213 | +0.116% | $128K | $187K | 8x | as long as short |
| Hyperliquid ZK | +0.0100% | 1h | 0.01212 | +0.083% | $600K | $172K | 5x | as long as short |
| Aster ZKUSDT | +0.0100% | 4h | 0.01212 | +0.027% | $33K | $22K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01211 | −0.025% | $30K | $3K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01211 | −0.028% | $5.0M | $7.8M | 75x | as long as short |
| Bybit ZKUSDT | +0.0100% | 4h | 0.01211 | −0.050% | $5.1M | $2.5M | 25x | as long as short |
| OKX ZK-USDT-SWAP | +0.0100% | 4h | 0.01211 | −0.041% | $1.0M | $2.2M | 20x | as long as short |
| Gate ZK_USDT | +0.0100% | 8h | 0.01212 | +0.058% | $305K | $266K | 50x | as long as short |
Injective ZK/USDC PERP
BloFin ZK-USDT
Lighter ZK
Hyperliquid ZK
Aster ZKUSDT
Pacifica ZK
Binance ZKUSDT
Bybit ZKUSDT
OKX ZK-USDT-SWAP
Gate ZK_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01210 | −0.107% | $979K | $1.7M | 50x | as long as short |
| Bitget ZKUSDT | +0.0100% | 4h | 0.01212 | +0.058% | $1.5M | $890K | 75x | as long as short |
| BingX ZK-USDTlong | +0.0100% | 4h | 0.01211 | long leg | — | $6.6M | — | |
| Variational Omni ZK | +0.0100% | 4h | 0.01213 | +0.175% | $58K | $13K | — | as long as short |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01210 | −0.107% | $162K | $2.1M | 10x | as long as short |
| ApeX Omni ZKUSDT | +0.0100% | 1h | 0.01209 | −0.190% | $8K | $632K | 50x | as long as short |
| Kraken Futures PF_ZKUSDshort | +0.3501% | 1h | 0.01217 | +0.503% | $212K | $48K | 25x |
KuCoin ZKUSDTM
Bitget ZKUSDT
Variational Omni ZK
GRVT ZK_USDT_Perp
ApeX Omni ZKUSDT