ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1311%/8h= +143.5% APRnext payment +$1.64 per $10,000 · paid last 24h +0.604%

Price spread now: Kraken Futures against Injective−0.084%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.084% cheaper against Injective than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 5 hours of funding at the current rate (+$39 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ZK/USDC PERP	0.01170	0.0033	pay 0.0004% / 1h	1m 03s	$2K	$31K	5.5x
Short	Kraken Futures PF_ZKUSD	0.01169	0.1344	get 0.0168% / 1h	1m 03s	$192K	$37K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now −0.084%Rate

Funding earned: $275.3
Price spread: −0.084% → 0.000%: −$8.42
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $256.86
Costs to cover: 0.100%
Break-even: 0.5 days

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 51 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 51 min ago	39.60 bp	50.7 bp −$51	233.2 bp −$2,332	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0061%	4h	0.01166	−0.359%	$993K	$2.2M	20x	as long as short
Injective ZK/USDC PERPlong	+0.0033%	1h	0.01170	long leg	$2K	$31K	5.5x
Lighter ZK	+0.0096%	1h	0.01167	−0.256%	$126K	$189K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01167	−0.299%	$583K	$188K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01167	−0.257%	$31K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01166	−0.350%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01166	−0.366%	$4.8M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01165	−0.410%	$5.0M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01165	−0.427%	$299K	$263K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01165	−0.427%	$957K	$1.4M	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	0.01166	−0.342%	$1.5M	$847K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01166	−0.376%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01165	−0.466%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01171	+0.085%	$158K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01170	0.000%	$8K	$620K	50x	as long as short
BloFin ZK-USDT	+0.0148%	4h	0.01169	−0.077%	$214K	$20K	75x	as long as short
Kraken Futures PF_ZKUSDshort	+0.1344%	1h	0.01169	−0.084%	$192K	$37K	25x