ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.44 per $10,000 · paid last 24h −0.017%

Price spread now: OKX against BloFin−0.185%103s7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as 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−$870.873% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.165%−$16 · spread now −0.185%, 7d avg −0.056%

Together, before fees−0.200%−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.130% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.056%). Swap the legs. The two prices were read 103 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	0.01187	0.0094	pay 0.0047% / 4h	3h 51m	$218K	$21K	75x
Short	OKX ZK-USDT-SWAP	0.01184	0.0006	get 0.0003% / 4h	3h 51m	$1.0M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.185%Rate

Funding earned: −$18.44
Price spread: −0.185% → −0.056%: −$12.99
Slippage, 4 orders: −$65.33
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$118.75
Costs to cover: 0.873%
Break-even: never at this rate

Slippage from BloFin: live order book, 39 min ago; OKX: 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 BloFin live order book, 39 min ago	0.84 bp	19.1 bp −$19	50.3 bp −$503	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	4.65 bp	23.9 bp −$24	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	+0.0006%	4h	0.01184	−0.185%	$1.0M	$2.2M	20x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.407%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDTlong	+0.0094%	4h	0.01187	long leg	$218K	$21K	75x
Lighter ZK	+0.0096%	1h	0.01187	+0.051%	$136K	$181K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01187	+0.034%	$591K	$188K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01186	−0.037%	$32K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01185	−0.101%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01185	−0.126%	$4.9M	$8.2M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01184	−0.194%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01186	−0.059%	$327K	$241K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01185	−0.143%	$978K	$1.4M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01185	−0.143%	$1.5M	$844K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01185	−0.143%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01182	−0.384%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01188	+0.112%	$162K	$2.4M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01187	+0.025%	$8K	$619K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1321%	1h	0.01190	+0.262%	$196K	$38K	25x	as long as short