ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.30 per $10,000 · paid last 24h −0.001%

Price spread now: Binance against BloFin−0.181%61s7-day average −0.027% · you buy dearer than you sell

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−$690.691% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.018%−$2 · spread now −0.181%, 7d avg −0.027%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.154% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.027%). Swap the legs. The two prices were read 61 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	BloFin ZK-USDT	0.01164	0.0159	pay 0.0080% / 4h	1h 36m	$210K	$24K	75x
Short	Binance ZKUSDT	0.01162	0.0100	get 0.0050% / 4h	1h 36m	$4.7M	$9.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.181%Rate

Funding earned: −$12.42
Price spread: −0.181% → −0.027%: −$15.43
Slippage, 4 orders: −$47.05
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$96.9
Costs to cover: 0.691%
Break-even: never at this rate

Slippage from BloFin: live order book, 39 min ago; Binance: live order book, 3 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 BloFin live order book, 39 min ago	2.14 bp	13.0 bp −$13	35.8 bp −$358	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.43 bp	16.9 bp −$17	51.2 bp −$512	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	−0.0022%	4h	0.01161	−0.283%	$941K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.490%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01164	+0.009%	$127K	$165K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01164	−0.017%	$584K	$234K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01164	−0.054%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01163	−0.129%	$29K	$3K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01162	−0.181%	$4.7M	$9.9M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01162	−0.232%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01164	−0.026%	$315K	$244K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01163	−0.112%	$987K	$972K	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	0.01163	−0.112%	$1.5M	$857K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01163	−0.112%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01166	+0.109%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01166	+0.146%	$161K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01167	+0.232%	$8K	$621K	50x	as long as short
BloFin ZK-USDTlong	+0.0159%	4h	0.01164	long leg	$210K	$24K	75x
Kraken Futures PF_ZKUSD	+0.1298%	1h	0.01165	+0.037%	$193K	$43K	25x	as long as short