ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.001%

Price spread now: BloFin against Bitget−0.263%85s7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as 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−$720.719% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 3 days (all we have)+0.406%+$41 · spread now −0.263%, 7d avg −0.035%

Together, before fees+0.370%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.228% cheaper against Bitget than usual: you would sell low and buy high (spread −0.263% now, against its 7-day average of −0.035%). If the spread goes back, that is −$23 on $10k: about 26 days of funding at the current rate (+$1 a day). The two prices were read 85 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	Bitget ZKUSDT	0.01178	0.0100	pay 0.0050% / 4h	3h 15m	$1.5M	$851K	75x
Short	BloFin ZK-USDT	0.01175	0.0130	get 0.0065% / 4h	3h 15m	$215K	$21K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.263%Rate

Funding earned: $6.27
Price spread: −0.263% → −0.035%: −$22.84
Slippage, 4 orders: −$47.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$88.47
Costs to cover: 0.719%
Break-even: 105.8 days

Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 49 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 Bitget live order book, 1 min ago	8.50 bp	19.3 bp −$19	50.1 bp −$501	doesn't fit	doesn't fit
Sell BloFin live order book, 49 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	−0.0101%	4h	0.01177	−0.068%	$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	+0.0062%	4h	0.01177	−0.068%	$5.0M	$2.6M	25x	as long as short
Lighter ZK	+0.0096%	1h	0.01179	+0.119%	$131K	$173K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01180	+0.136%	$585K	$242K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01179	+0.063%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01177	−0.085%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01178	+0.020%	$4.8M	$9.4M	75x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01177	−0.085%	$331K	$241K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01177	−0.085%	$980K	$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 ZKUSDTlong	+0.0100%	4h	0.01178	long leg	$1.5M	$851K	75x
BingX ZK-USDT	+0.0100%	4h	0.01177	−0.068%	—	$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	0.01176	−0.170%	$164K	$2.7M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01176	−0.170%	$9K	$623K	50x	as long as short
BloFin ZK-USDTshort	+0.0130%	4h	0.01175	−0.263%	$215K	$21K	75x
Kraken Futures PF_ZKUSD	+0.1361%	1h	0.01180	+0.187%	$194K	$43K	25x	as long as short