ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.003%

Price spread now: BloFin against BingX+0.101%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$800.798% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.101%, 7d avg +0.042%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.059% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZK-USDT	0.01183	0.0100	pay 0.0050% / 4h	59m 17s	—	$6.7M	—
Short	BloFin ZK-USDT	0.01184	0.0135	get 0.0067% / 4h	59m 17s	$214K	$19K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.101%Rate

Funding earned: $7.26
Price spread: +0.101% → +0.042%: $5.9
Slippage, 4 orders: −$57.8
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$66.64
Costs to cover: 0.798%
Break-even: 71.3 days

Slippage from BingX: live order book, 8 min ago; BloFin: live order book, 12 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 BingX live order book, 8 min ago	3.79 bp	22.2 bp −$22	51.0 bp −$510	399.0 bp −$39.9K	660.5 bp −$330.3K
Sell BloFin live order book, 12 min ago	2.10 bp	20.7 bp −$21	43.4 bp −$434	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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.074%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01184	+0.144%	$127K	$196K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01184	+0.110%	$587K	$170K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01184	+0.104%	$32K	$22K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01184	+0.101%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01183	+0.034%	$4.9M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01182	−0.025%	$5.1M	$2.4M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01182	−0.101%	$1.0M	$2.1M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01181	−0.144%	$301K	$258K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01183	+0.025%	$968K	$1.6M	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	0.01182	−0.059%	$1.4M	$884K	75x	as long as short
BingX ZK-USDTlong	+0.0100%	4h	0.01183	long leg	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01181	−0.132%	$57K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01183	+0.062%	$164K	$2.2M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01183	+0.025%	$8K	$628K	50x	as long as short
BloFin ZK-USDTshort	+0.0135%	4h	0.01184	+0.101%	$214K	$19K	75x
Kraken Futures PF_ZKUSD	+0.2717%	1h	0.01186	+0.238%	$207K	$46K	25x	as long as short