Funding you earn now, next payment 06:00 UTC−0.1245%/8h= −136.3% APRnext payment −$1.56 per $10,000 · paid last 24h −0.626%
Price spread now: Injective against Kraken Futures+0.314%63s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread pays, funding is against you. Injective is 0.314% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.314% now, against zero (this spread has no 7-day history yet)): +$31 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 20 hours. The two prices were read 63 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 | Kraken Futures PF_ZKUSD | 0.01166 | 0.1278 | pay 0.0160% / 1h | 35m 39s | $191K | $35K | 25x |
| Short | Injective ZK/USDC PERP | 0.01170 | 0.0033 | get 0.0004% / 1h | 35m 39s | $2K | $31K | 5.5x |
Kraken Futures PF_ZKUSD
Injective ZK/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Kraken Futures. 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
- −$261.44
- Price spread: +0.314% → 0.000%
- $31.35
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$240.1
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 12 min ago; Injective: no order-book sample. 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 Kraken Futures live order book, 12 min ago | 17.54 bp | 164.6 bp −$165 | 17232.1 bp −$172.3K | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | −0.0120% | 4h | 0.01162 | −0.338% | $987K | $2.1M | 20x | as long as short |
| Injective ZK/USDC PERPshort | +0.0033% | 1h | 0.01170 | +0.314% | $2K | $31K | 5.5x | |
| BloFin ZK-USDT | +0.0051% | 4h | 0.01159 | −0.587% | $214K | $20K | 75x | as long as short |
| Lighter ZK | +0.0096% | 1h | 0.01165 | −0.132% | $126K | $188K | 8x | as long as short |
| Hyperliquid ZK | +0.0100% | 1h | 0.01164 | −0.192% | $582K | $175K | 5x | as long as short |
| Aster ZKUSDT | +0.0100% | 4h | 0.01164 | −0.218% | $31K | $21K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01163 | −0.269% | $29K | $3K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01164 | −0.175% | $4.8M | $8.0M | 75x | as long as short |
| Bybit ZKUSDT | +0.0100% | 4h | 0.01163 | −0.287% | $5.0M | $2.3M | 25x | as long as short |
| Gate ZK_USDT | +0.0100% | 8h | 0.01162 | −0.372% | $297K | $257K | 50x | as long as short |
OKX ZK-USDT-SWAP
BloFin ZK-USDT
Lighter ZK
Hyperliquid ZK
Aster ZKUSDT
Pacifica ZK
Binance ZKUSDT
Bybit ZKUSDT
Gate ZK_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01161 | −0.458% | $955K | $1.5M | 50x | as long as short |
| Bitget ZKUSDT | +0.0100% | 4h | 0.01163 | −0.287% | $1.5M | $848K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01163 | −0.278% | — | $6.7M | — | as long as short |
| Variational Omni ZK | +0.0100% | 4h | 0.01160 | −0.512% | $56K | $15K | — | as long as short |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01162 | −0.373% | $160K | $2.3M | 10x | as long as short |
| ApeX Omni ZKUSDT | +0.0100% | 1h | 0.01159 | −0.630% | $8K | $623K | 50x | as long as short |
| Kraken Futures PF_ZKUSDlong | +0.1278% | 1h | 0.01166 | long leg | $191K | $35K | 25x |
KuCoin ZKUSDTM
Bitget ZKUSDT
BingX ZK-USDT
Variational Omni ZK
GRVT ZK_USDT_Perp
ApeX Omni ZKUSDT