ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.23 per $10,000 · paid last 24h −0.001%

Price spread now: BloFin against KuCoin+0.026%365s7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2402.395% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now +0.026%, 7d avg −0.021%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.047% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.021%. The two prices were read 365 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	KuCoin ZKUSDTM	0.01170	0.0100	pay 0.0050% / 4h	2h 43m	$973K	$1.2M	50x
Short	BloFin ZK-USDT	0.01170	0.0147	get 0.0073% / 4h	2h 43m	$216K	$22K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now +0.026%Rate

Funding earned: $9.82
Price spread: +0.026% → −0.021%: $4.67
Slippage, 4 orders: −$215.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$225.04
Costs to cover: 2.395%
Break-even: 167.5 days

Slippage from KuCoin: live order book, 7 min ago; BloFin: live order book, 17 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 KuCoin live order book, 7 min ago	12.80 bp	104.4 bp −$104	203.1 bp −$2,031	doesn't fit	doesn't fit
Sell BloFin live order book, 17 min ago	3.42 bp	19.1 bp −$19	41.4 bp −$414	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
OKX ZK-USDT-SWAP	−0.0211%	4h	0.01166	−0.368%	$1.0M	$2.4M	20x	as long as short
Bybit ZKUSDT	−0.0150%	4h	0.01166	−0.325%	$5.0M	$2.6M	25x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	0.000%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01172	+0.171%	$130K	$176K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01170	+0.017%	$581K	$240K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01171	+0.083%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01171	+0.051%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01168	−0.209%	$4.8M	$9.3M	75x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01170	0.000%	$326K	$236K	50x	as long as short
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01170	long leg	$973K	$1.2M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01169	−0.085%	$1.5M	$865K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01168	−0.145%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01166	−0.345%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01169	−0.094%	$155K	$2.6M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01170	0.000%	$9K	$626K	50x	as long as short
BloFin ZK-USDTshort	+0.0147%	4h	0.01170	+0.026%	$216K	$22K	75x
Kraken Futures PF_ZKUSD	+0.0736%	1h	0.01174	+0.340%	$193K	$43K	25x	as long as short