ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.009%

Price spread now: Lighter against Injective−0.538%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 Lighter

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.538% cheaper against Injective than usual: you would sell low and buy high (spread −0.538% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$54 on $10k: about 29 days of funding at the current rate (+$2 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	19m 14s	$2K	$31K	5.5x
Short	Lighter ZK	0.01164	0.0096	get 0.0012% / 1h	19m 14s	$124K	$194K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.538%Rate

Funding earned: $13.16
Price spread: −0.538% → 0.000%: −$53.85
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: −$40.71
Costs to cover: 0.000%
Break-even: 28.7 days

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 11 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 Lighter live order book, 11 min ago	5.61 bp	5.8 bp −$6	61.8 bp −$618	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	−0.0123%	4h	0.01165	−0.462%	$991K	$2.1M	20x	as long as short
Injective ZK/USDC PERPlong	+0.0033%	1h	0.01170	long leg	$2K	$31K	5.5x
Lighter ZKshort	+0.0096%	1h	0.01164	−0.538%	$124K	$194K	8x
Hyperliquid ZK	+0.0100%	1h	0.01165	−0.393%	$580K	$179K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01163	−0.603%	$31K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01163	−0.598%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01164	−0.518%	$4.8M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01164	−0.513%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01163	−0.598%	$296K	$265K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01164	−0.513%	$956K	$1.5M	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	0.01165	−0.427%	$1.4M	$899K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01164	−0.521%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01159	−0.949%	$56K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01156	−1.197%	$159K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01155	−1.282%	$8K	$624K	50x	as long as short
BloFin ZK-USDT	+0.0122%	4h	0.01163	−0.590%	$211K	$17K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1279%	1h	0.01166	−0.331%	$191K	$35K	25x	as long as short