ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.47 per $10,000 · paid last 24h +0.010%

Price spread now: BingX against OKX+0.051%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$920.922% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.051%, 7d avg −0.011%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.062% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZK-USDT-SWAP	0.01183	0.0007	pay 0.0003% / 4h	47m 58s	$1.0M	$2.3M	20x
Short	BingX ZK-USDT	0.01184	0.0100	get 0.0050% / 4h	47m 58s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now +0.051%Rate

Funding earned: $19.62
Price spread: +0.051% → −0.011%: $6.16
Slippage, 4 orders: −$72.19
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$66.41
Costs to cover: 0.922%
Break-even: 30.7 days

Slippage from OKX: live order book, 4 min ago; BingX: live order book, 4 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 OKX live order book, 4 min ago	2.95 bp	23.3 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	4.22 bp	19.6 bp −$20	50.8 bp −$508	398.9 bp −$39.9K	754.1 bp −$377.1K

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-SWAPlong	+0.0007%	4h	0.01183	long leg	$1.0M	$2.3M	20x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.107%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01185	+0.152%	$137K	$179K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01185	+0.203%	$588K	$222K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01183	−0.012%	$32K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01182	−0.093%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01184	+0.076%	$4.9M	$8.6M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01184	+0.034%	$5.1M	$2.5M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01183	−0.008%	$330K	$230K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01182	−0.093%	$975K	$1.3M	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	0.01183	−0.008%	$1.5M	$836K	75x	as long as short
BingX ZK-USDTshort	+0.0100%	4h	0.01184	+0.051%	—	$6.6M	—
Variational Omni ZK	+0.0100%	4h	0.01184	+0.054%	$58K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01189	+0.499%	$158K	$2.4M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01186	+0.245%	$8K	$618K	50x	as long as short
BloFin ZK-USDT	+0.0138%	4h	0.01182	−0.101%	$217K	$21K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1926%	1h	0.01186	+0.282%	$195K	$39K	25x	as long as short