ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.30 per $10,000 · paid last 24h −0.003%

Price spread now: Bybit against Bitget+0.034%7-day average −0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$920.916% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 7 days−0.188%−$19 · spread now +0.034%, 7d avg −0.086%

Together, before fees−0.271%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.120% dearer against Bitget than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.086%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKUSDT	0.01172	0.0100	pay 0.0050% / 4h	2h 32m	$1.5M	$856K	75x
Short	Bybit ZKUSDT	0.01172	0.0041	get 0.0020% / 4h	2h 32m	$5.0M	$2.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$12.44
Price spread: +0.034% → −0.086%: $12.04
Slippage, 4 orders: −$68.56
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$91.97
Costs to cover: 0.916%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 5 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, 4 min ago	8.54 bp	25.0 bp −$25	99.3 bp −$993	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	6.00 bp	24.6 bp −$25	107.8 bp −$1,078	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-SWAP	−0.0196%	4h	0.01172	−0.034%	$1.0M	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.171%	$2K	$31K	5.5x	as long as short
Bybit ZKUSDTshort	+0.0041%	4h	0.01172	+0.034%	$5.0M	$2.6M	25x
Lighter ZK	+0.0096%	1h	0.01173	+0.102%	$130K	$176K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01173	+0.085%	$582K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01172	−0.031%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01171	−0.043%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01171	−0.059%	$4.8M	$9.3M	75x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01170	−0.171%	$325K	$238K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01171	−0.085%	$973K	$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 ZKUSDTlong	+0.0100%	4h	0.01172	long leg	$1.5M	$856K	75x
BingX ZK-USDT	+0.0100%	4h	0.01170	−0.154%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01171	−0.071%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01172	+0.010%	$161K	$2.6M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01172	0.000%	$9K	$625K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.0736%	1h	0.01174	+0.152%	$193K	$43K	25x	as long as short