ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: BloFin against Binance−0.149%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$710.706% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.300%+$30 · spread now −0.149%, 7d avg +0.020%

Together, before fees+0.297%+$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.170% cheaper against Binance than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKUSDT	0.01194	0.0100	pay 0.0050% / 4h	47m 06s	$4.9M	$7.6M	75x
Short	BloFin ZK-USDT	0.01192	0.0099	get 0.0050% / 4h	47m 06s	$214K	$26K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.149%Rate

Funding earned: −$0.2
Price spread: −0.149% → +0.020%: −$16.95
Slippage, 4 orders: −$48.57
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$87.72
Costs to cover: 0.706%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; BloFin: live order book, 51 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 Binance live order book, 15 min ago	1.68 bp	22.7 bp −$23	82.2 bp −$822	doesn't fit	doesn't fit
Sell BloFin live order book, 51 min ago	0.84 bp	14.2 bp −$14	37.5 bp −$375	doesn't fit	doesn't fit

ZK on 17 exchanges

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
Kraken Futures PF_ZKUSD	−0.2454%	1h	0.01196	+0.197%	$210K	$57K	25x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−2.000%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01194	+0.018%	$129K	$190K	8x	as long as short
BloFin ZK-USDTshort	+0.0099%	4h	0.01192	−0.149%	$214K	$26K	75x
Hyperliquid ZK	+0.0100%	1h	0.01194	+0.018%	$585K	$175K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01194	−0.007%	$33K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01193	−0.074%	$29K	$2K	5x	as long as short
Binance ZKUSDTlong	+0.0100%	4h	0.01194	long leg	$4.9M	$7.6M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01193	−0.074%	$5.1M	$2.6M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01192	−0.132%	$1.0M	$2.1M	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZK_USDT	+0.0100%	8h	0.01193	−0.074%	$304K	$263K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01193	−0.074%	$971K	$1.8M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01193	−0.074%	$1.5M	$845K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01192	−0.116%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01189	−0.385%	$57K	$4K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01192	−0.158%	$159K	$1.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01191	−0.241%	$8K	$637K	50x	as long as short