Funding you earn now, next payment 04:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.010%
Price spread now: Gate against OKX−0.017%7-day average +0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1051.050% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.017%, 7d avg +0.050%
=Funding pays, the price is against you. Gate is 0.067% cheaper against OKX than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.050%). If the spread goes back, that is −$7 on $10k: about 27 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.072% in total) that is about 6.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZK-USDT-SWAP | 0.01177 | −0.0101 | get 0.0050% / 4h | 3h 15m | $1.0M | $2.3M | 20x |
| Short | Gate ZK_USDT | 0.01177 | 0.0100 | get 0.0100% / 8h | 7h 15m | $331K | $241K | 50x |
OKX ZK-USDT-SWAP
Gate ZK_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against OKX. 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
- $42.15
- Price spread: −0.017% → +0.050%
- −$6.68
- Slippage, 4 orders
- −$80
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$69.54
- Costs to cover
- 1.050%
- Break-even
- 18.5 days
Slippage from OKX: live order book, 1 min ago; Gate: live order book, 54 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, 1 min ago | 2.98 bp | 21.0 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 54 min ago | 4.24 bp | 29.2 bp −$29 | doesn't fit | 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-SWAPlong | −0.0101% | 4h | 0.01177 | long leg | $1.0M | $2.3M | 20x | |
| Injective ZK/USDC PERP | +0.0033% | 1h | 0.01170 | −0.612% | $2K | $31K | 5.5x | as long as short |
| Bybit ZKUSDT | +0.0062% | 4h | 0.01177 | 0.000% | $5.0M | $2.6M | 25x | as long as short |
| Lighter ZK | +0.0096% | 1h | 0.01180 | +0.272% | $131K | $173K | 8x | as long as short |
| Hyperliquid ZK | +0.0100% | 1h | 0.01180 | +0.204% | $585K | $242K | 5x | as long as short |
| Aster ZKUSDT | +0.0100% | 4h | 0.01179 | +0.135% | $37K | $19K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01178 | +0.093% | $29K | $3K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01179 | +0.122% | $4.8M | $9.4M | 75x | as long as short |
| Gate ZK_USDTshort | +0.0100% | 8h | 0.01177 | −0.017% | $331K | $241K | 50x | |
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01177 | −0.017% | $980K | $1.2M | 50x | as long as short |
Injective ZK/USDC PERP
Bybit ZKUSDT
Lighter ZK
Hyperliquid ZK
Aster ZKUSDT
Pacifica ZK
Binance ZKUSDT
KuCoin ZKUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZKUSDT | +0.0100% | 4h | 0.01178 | +0.068% | $1.5M | $846K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01178 | +0.059% | — | $6.7M | — | as long as short |
| Variational Omni ZK | +0.0100% | 4h | 0.01176 | −0.134% | $57K | $15K | — | as long as short |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01176 | −0.102% | $164K | $2.7M | 10x | as long as short |
| ApeX Omni ZKUSDT | +0.0100% | 1h | 0.01176 | −0.102% | $9K | $623K | 50x | as long as short |
| BloFin ZK-USDT | +0.0130% | 4h | 0.01175 | −0.195% | $215K | $21K | 75x | as long as short |
| Kraken Futures PF_ZKUSD | +0.1361% | 1h | 0.01180 | +0.255% | $194K | $43K | 25x | as long as short |
Bitget ZKUSDT
BingX ZK-USDT
Variational Omni ZK
GRVT ZK_USDT_Perp
ApeX Omni ZKUSDT
BloFin ZK-USDT
Kraken Futures PF_ZKUSD