ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.08 per $10,000 · paid last 24h +0.025%

Price spread now: BloFin against Bybit+0.043%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$770.766% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)+0.427%+$43 · spread now +0.043%, 7d avg +0.093%

Together, before fees+0.475%+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.050% cheaper against Bybit than usual: you would sell low and buy high (spread +0.043% now, against its 7-day average of +0.093%). If the spread goes back, that is −$5 on $10k: about 11 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKUSDT	0.01168	0.0100	pay 0.0050% / 4h	2h 26m	$5.0M	$2.7M	25x
Short	BloFin ZK-USDT	0.01168	0.0115	get 0.0058% / 4h	2h 26m	$212K	$35K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.043%Rate

Funding earned: $3.17
Price spread: +0.043% → +0.093%: −$5
Slippage, 4 orders: −$53.63
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$78.45
Costs to cover: 0.766%
Break-even: 180.1 days

Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 55 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 Bybit live order book, 1 min ago	1.28 bp	23.7 bp −$24	73.3 bp −$733	doesn't fit	doesn't fit
Sell BloFin live order book, 55 min ago	0.85 bp	20.3 bp −$20	39.7 bp −$397	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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.171%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01171	+0.223%	$119K	$159K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01170	+0.128%	$587K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01169	+0.066%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01168	0.000%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01168	+0.043%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDTlong	+0.0100%	4h	0.01168	long leg	$5.0M	$2.7M	25x
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01167	−0.111%	$950K	$2.3M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01167	−0.086%	$316K	$256K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01168	0.000%	$990K	$956K	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	0.01168	0.000%	$1.5M	$851K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01168	+0.017%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01165	−0.219%	$57K	$20K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01166	−0.171%	$160K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01166	−0.171%	$8K	$622K	50x	as long as short
BloFin ZK-USDTshort	+0.0115%	4h	0.01168	+0.043%	$212K	$35K	75x
Kraken Futures PF_ZKUSD	+0.1489%	1h	0.01172	+0.337%	$194K	$44K	25x	as long as short