ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0165%/8h= −18.1% APRnext payment −$0.83 per $10,000 · paid last 24h −0.010%

Price spread now: OKX against BingX−0.026%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$890.888% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.026%, 7d avg +0.011%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.037% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZK-USDT	0.01176	0.0100	pay 0.0050% / 4h	1h 30m	—	$6.7M	—
Short	OKX ZK-USDT-SWAP	0.01176	−0.0065	pay 0.0033% / 4h	1h 30m	$1.0M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$34.71
Price spread: −0.026% → +0.011%: −$3.67
Slippage, 4 orders: −$68.82
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$127.21
Costs to cover: 0.888%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; OKX: live order book, 1 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, 6 min ago	4.70 bp	20.8 bp −$21	53.4 bp −$534	491.6 bp −$49.2K	759.9 bp −$379.9K
Sell OKX live order book, 1 min ago	2.98 bp	27.6 bp −$28	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-SWAPshort	−0.0065%	4h	0.01176	−0.026%	$1.0M	$2.2M	20x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.510%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01178	+0.187%	$136K	$182K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01179	+0.221%	$586K	$221K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01177	+0.045%	$32K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01175	−0.085%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01177	+0.051%	$4.9M	$8.7M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01176	+0.034%	$5.0M	$2.5M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01176	0.000%	$327K	$232K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01176	0.000%	$981K	$1.3M	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	0.01176	0.000%	$1.5M	$836K	75x	as long as short
BingX ZK-USDTlong	+0.0100%	4h	0.01176	long leg	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01175	−0.059%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01176	0.000%	$156K	$2.5M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01174	−0.170%	$9K	$620K	50x	as long as short
BloFin ZK-USDT	+0.0129%	4h	0.01175	−0.068%	$218K	$20K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1595%	1h	0.01180	+0.301%	$194K	$39K	25x	as long as short