Settings8H · net · $10k
Funding arb · Price arb /

ZK

all ZK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.016%
Price spread now: BloFin against OKX+0.066%103s7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$850.850% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.029%+$3 on $10k
Price spread, last 4 days (all we have)+0.524%+$52 · spread now +0.066%, 7d avg +0.057%
Together, before fees+0.553%+$55 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZK-USDT-SWAP0.012110.0100pay 0.0050% / 4h3h 03m$1.0M$2.2M20x
ShortBloFin ZK-USDT0.012120.0106get 0.0053% / 4h3h 03m$217K$23K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$1.19
Price spread: +0.066% → +0.057%
$0.92
Slippage, 4 orders
−$62.96
Fee OKX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$82.84
Costs to cover
0.850%
Break-even
493.6 days
Slippage from OKX: live order book, 4 min ago; BloFin: live order book, 62 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago1.24 bp21.6 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 62 min ago2.10 bp24.2 bp −$2452.2 bp −$522doesn't fitdoesn't fit

ZK on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZK/USDC PERP+0.0033%1h0.01170−3.370%$2K$31K5.5xas long as short
Lighter ZK+0.0096%1h0.01213+0.198%$128K$187K8xas long as short
Hyperliquid ZK+0.0100%1h0.01212+0.074%$600K$163K5xas long as short
Aster ZKUSDT+0.0100%4h0.01212+0.120%$33K$22K10xas long as short
Pacifica ZK+0.0100%1h0.01212+0.099%$30K$3K5xas long as short
Binance ZKUSDT+0.0100%4h0.01212+0.107%$5.0M$7.7M75xas long as short
Bybit ZKUSDT+0.0100%4h0.01210−0.033%$5.1M$2.5M25xas long as short
OKX ZK-USDT-SWAPlong+0.0100%4h0.01211long leg$1.0M$2.2M20x
Gate ZK_USDT+0.0100%8h0.01213+0.182%$305K$267K50xas long as short
KuCoin ZKUSDTM+0.0100%4h0.01212+0.099%$982K$1.7M50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZKUSDT+0.0100%4h0.01213+0.182%$1.5M$810K75xas long as short
BingX ZK-USDT+0.0100%4h0.01211+0.025%$6.6Mas long as short
Variational Omni ZK+0.0100%4h0.01211+0.017%$58K$8Kas long as short
GRVT ZK_USDT_Perp+0.0100%4h0.01212+0.103%$162K$2.1M10xas long as short
ApeX Omni ZKUSDT+0.0100%1h0.01213+0.182%$8K$633K50xas long as short
BloFin ZK-USDTshort+0.0106%4h0.01212+0.066%$217K$23K75x
Kraken Futures PF_ZKUSD+0.3489%1h0.01222+0.885%$213K$43K25xas long as short