ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1230%/8h= −134.7% APRpaid last 24h −0.587%

Price spread now: KuCoin against Kraken Futures−0.204%7-day average −0.199% · you buy dearer than you sell

Net, funding: paid 7d − costs−$499as in the Funding arb table

Net, price: spread back to 7d avg − costs−$353as in the Price arb table

costs, in and out, $10k−$3533.529% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−1.464%−$146 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.204%, 7d avg −0.199%

Together, before fees−1.439%−$144 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.199%, so right now this pair is about funding alone: −$37 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZKUSD	0.01181	0.1330	pay 0.0166% / 1h	47m 10s	$194K	$38K	25x
Short	KuCoin ZKUSDTM	0.01179	0.0100	get 0.0050% / 4h	3h 47m	$972K	$1.4M	50x

Funding history

latest

Range statsloading…

KuCoin against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now −0.204%Rate

Slippage from Kraken Futures: live order book, 5 min ago; KuCoin: live order book, 3 min ago.

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, 5 min ago	39.60 bp	103.1 bp −$103	19311.6 bp −$193.1K	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	12.71 bp	91.2 bp −$91	179.4 bp −$1,794	doesn't fit	doesn't fit

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	+0.0005%	4h	0.01178	−0.288%	$1.0M	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.966%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01181	−0.018%	$136K	$181K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01180	−0.119%	$588K	$188K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01180	−0.092%	$32K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01179	−0.161%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01179	−0.200%	$4.9M	$8.2M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01179	−0.238%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01178	−0.288%	$308K	$252K	50x	as long as short
KuCoin ZKUSDTMshort	+0.0100%	4h	0.01179	−0.204%	$972K	$1.4M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01180	−0.119%	$1.5M	$845K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01178	−0.288%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01183	+0.117%	$58K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01180	−0.090%	$161K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01180	−0.119%	$8K	$619K	50x	as long as short
BloFin ZK-USDT	+0.0149%	4h	0.01180	−0.136%	$216K	$21K	75x	as long as short
Kraken Futures PF_ZKUSDlong	+0.1330%	1h	0.01181	long leg	$194K	$38K	25x