Funding you earn now, next payment 04:00 UTC+0.0489%/8h= +53.6% APRpaid last 24h +0.003%
Price spread now: Gate against Bybit+0.034%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1121.123% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.034%, 7d avg +0.090%
=Funding pays, the price is against you. Gate is 0.055% cheaper against Bybit than usual: you would sell low and buy high (spread +0.034% now, against its 7-day average of +0.090%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.082% in total) that is about 4.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZKUSDT | 0.01166 | −0.0389 | get 0.0195% / 4h | 2h 53m | $5.0M | $2.6M | 25x |
| Short | Gate ZK_USDT | 0.01166 | 0.0100 | get 0.0100% / 8h | 6h 53m | $330K | $231K | 50x |
Bybit ZKUSDT
Gate ZK_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $102.77
- Price spread: +0.034% → +0.090%
- −$5.54
- Slippage, 4 orders
- −$86.3
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$15.07
- Costs to cover
- 1.123%
- Break-even
- 8.0 days
Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 12 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, 4 min ago | 6.00 bp | 19.0 bp −$19 | 57.6 bp −$576 | doesn't fit | doesn't fit |
| Sell Gate live order book, 12 min ago | 8.48 bp | 35.2 bp −$35 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZKUSDT | −0.0727% | 1h | 0.01168 | +0.206% | $9K | $627K | 50x | as long as short |
| Bybit ZKUSDTlong | −0.0389% | 4h | 0.01166 | long leg | $5.0M | $2.6M | 25x | |
| OKX ZK-USDT-SWAP | −0.0167% | 4h | 0.01166 | +0.034% | $1.0M | $2.4M | 20x | as long as short |
| Injective ZK/USDC PERP | +0.0033% | 1h | 0.01170 | +0.377% | $2K | $31K | 5.5x | as long as short |
| BloFin ZK-USDT | +0.0047% | 4h | 0.01163 | −0.214% | $214K | $21K | 75x | as long as short |
| Lighter ZK | +0.0096% | 1h | 0.01165 | −0.026% | $130K | $175K | 8x | as long as short |
| Hyperliquid ZK | +0.0100% | 1h | 0.01167 | +0.129% | $582K | $238K | 5x | as long as short |
| Aster ZKUSDT | +0.0100% | 4h | 0.01164 | −0.108% | $36K | $19K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01163 | −0.223% | $29K | $3K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01167 | +0.080% | $4.8M | $9.3M | 75x | as long as short |
ApeX Omni ZKUSDT
OKX ZK-USDT-SWAP
Injective ZK/USDC PERP
BloFin ZK-USDT
Lighter ZK
Hyperliquid ZK
Aster ZKUSDT
Pacifica ZK
Binance ZKUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZK_USDTshort | +0.0100% | 8h | 0.01166 | +0.034% | $330K | $231K | 50x | |
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01166 | +0.034% | $965K | $1.2M | 50x | as long as short |
| Bitget ZKUSDT | +0.0100% | 4h | 0.01166 | +0.034% | $1.5M | $868K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01166 | +0.060% | — | $6.7M | — | as long as short |
| Variational Omni ZK | +0.0100% | 4h | 0.01162 | −0.286% | $57K | $15K | — | as long as short |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01161 | −0.394% | $162K | $2.6M | 10x | as long as short |
| Kraken Futures PF_ZKUSD | +0.0741% | 1h | 0.01166 | +0.054% | $192K | $43K | 25x | as long as short |
KuCoin ZKUSDTM
Bitget ZKUSDT
BingX ZK-USDT
Variational Omni ZK
GRVT ZK_USDT_Perp
Kraken Futures PF_ZKUSD