ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0147%/8h= −16.1% APRnext payment −$0.74 per $10,000 · paid last 24h −0.003%

Price spread now: Bybit against Binance−0.060%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$590.593% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.060%, 7d avg −0.041%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKUSDT	0.01175	0.0100	pay 0.0050% / 4h	3h 33m	$4.8M	$9.6M	75x
Short	Bybit ZKUSDT	0.01174	−0.0047	pay 0.0024% / 4h	3h 33m	$5.0M	$2.6M	25x

Funding history

latest

Range statsloading…

Bybit against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now −0.060%Rate

Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 4 min ago.

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, 6 min ago	0.43 bp	6.3 bp −$6	48.4 bp −$484	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.41 bp	16.8 bp −$17	55.6 bp −$556	doesn't fit	doesn't fit

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	−0.0111%	4h	0.01173	−0.111%	$996K	$2.3M	20x	as long as short
Bybit ZKUSDTshort	−0.0047%	4h	0.01174	−0.060%	$5.0M	$2.6M	25x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.400%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0056%	4h	0.01175	+0.026%	$215K	$22K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01176	+0.153%	$131K	$173K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01176	+0.102%	$597K	$236K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01175	−0.017%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01175	−0.017%	$29K	$3K	5x	as long as short
Binance ZKUSDTlong	+0.0100%	4h	0.01175	long leg	$4.8M	$9.6M	75x
Gate ZK_USDT	+0.0100%	8h	0.01175	+0.026%	$330K	$240K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01174	−0.060%	$980K	$1.1M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01175	+0.026%	$1.5M	$850K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01174	−0.068%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01175	+0.023%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01176	+0.111%	$152K	$2.7M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01177	+0.196%	$9K	$625K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1365%	1h	0.01177	+0.222%	$194K	$44K	25x	as long as short