ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0107%/8h= −11.7% APRnext payment −$0.53 per $10,000 · paid last 24h −0.026%

Price spread now: OKX against Bitget0.000%7-day average −0.034% · 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−$77as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days−0.065%−$7 · spread now 0.000%, 7d avg −0.034%

Together, before fees−0.133%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.034% dearer against Bitget than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.034%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.068% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKUSDT	0.01165	0.0100	pay 0.0050% / 4h	1h 43m	$1.5M	$856K	75x
Short	OKX ZK-USDT-SWAP	0.01165	−0.0007	pay 0.0003% / 4h	1h 43m	$943K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$22.43
Price spread: 0.000% → −0.034%: $3.38
Slippage, 4 orders: −$58.79
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$99.84
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; OKX: live order book, 4 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	8.61 bp	19.2 bp −$19	49.4 bp −$494	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.58 bp	26.0 bp −$26	doesn't fit	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-SWAPshort	−0.0007%	4h	0.01165	0.000%	$943K	$2.3M	20x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.429%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01167	+0.155%	$119K	$157K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01166	+0.112%	$585K	$236K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01167	+0.130%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01165	+0.034%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01165	+0.024%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01165	+0.026%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01166	+0.086%	$315K	$244K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01165	0.000%	$987K	$966K	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	0.01165	long leg	$1.5M	$856K	75x
BingX ZK-USDT	+0.0100%	4h	0.01165	0.000%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01161	−0.331%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01165	0.000%	$160K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01165	0.000%	$8K	$622K	50x	as long as short
BloFin ZK-USDT	+0.0115%	4h	0.01165	−0.009%	$211K	$24K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1295%	1h	0.01168	+0.249%	$193K	$43K	25x	as long as short