ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.11 per $10,000 · paid last 24h +0.001%

Price spread now: BingX against BloFin−0.127%66s7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as 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−$700.700% of the position

Long on BloFin Short on BingX

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)+0.007%+$1 · spread now −0.127%, 7d avg −0.045%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.082% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.045%). Swap the legs. The two prices were read 66 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	0.01180	0.0121	pay 0.0061% / 4h	3h 12m	$215K	$22K	75x
Short	BingX ZK-USDT	0.01178	0.0100	get 0.0050% / 4h	3h 12m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$4.41
Price spread: −0.127% → −0.045%: −$8.19
Slippage, 4 orders: −$47.95
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$82.56
Costs to cover: 0.700%
Break-even: never at this rate

Slippage from BloFin: live order book, 53 min ago; BingX: live order book, 10 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, 53 min ago	0.42 bp	12.1 bp −$12	40.3 bp −$403	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	4.25 bp	17.9 bp −$18	49.1 bp −$491	352.6 bp −$35.3K	667.1 bp −$333.5K

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	−0.0104%	4h	0.01176	−0.305%	$1.0M	$2.3M	20x	as long as short
Bybit ZKUSDT	+0.0018%	4h	0.01177	−0.203%	$5.0M	$2.6M	25x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.814%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01180	+0.042%	$131K	$173K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01179	−0.042%	$585K	$242K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01180	+0.021%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01178	−0.136%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01178	−0.149%	$4.8M	$9.4M	75x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01179	−0.051%	$331K	$241K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01178	−0.136%	$983K	$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 ZKUSDT	+0.0100%	4h	0.01179	−0.051%	$1.5M	$846K	75x	as long as short
BingX ZK-USDTshort	+0.0100%	4h	0.01178	−0.127%	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01176	−0.338%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01179	−0.051%	$164K	$2.7M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01178	−0.136%	$9K	$623K	50x	as long as short
BloFin ZK-USDTlong	+0.0121%	4h	0.01180	long leg	$215K	$22K	75x
Kraken Futures PF_ZKUSD	+0.1360%	1h	0.01181	+0.104%	$194K	$43K	25x	as long as short