ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.003%

Price spread now: KuCoin against BloFin−0.042%95s7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2032.028% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.042%, 7d avg +0.014%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.056% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.014%). Swap the legs. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZK-USDT	0.01192	0.0148	pay 0.0074% / 4h	43m 31s	$214K	$26K	75x
Short	KuCoin ZKUSDTM	0.01192	0.0100	get 0.0050% / 4h	43m 31s	$972K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$10.12
Price spread: −0.042% → +0.014%: −$5.58
Slippage, 4 orders: −$178.77
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$218.48
Costs to cover: 2.028%
Break-even: never at this rate

Slippage from BloFin: live order book, 55 min ago; KuCoin: 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 BloFin live order book, 55 min ago	0.84 bp	18.7 bp −$19	53.4 bp −$534	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	12.59 bp	74.4 bp −$74	178.8 bp −$1,788	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	−0.2452%	1h	0.01197	+0.406%	$210K	$57K	25x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.887%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01193	+0.059%	$129K	$190K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01193	+0.025%	$585K	$175K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01193	+0.025%	$33K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01192	−0.075%	$29K	$2K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01192	−0.008%	$4.9M	$7.6M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01192	−0.084%	$5.1M	$2.6M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01191	−0.126%	$1.0M	$2.1M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01192	−0.042%	$303K	$263K	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTMshort	+0.0100%	4h	0.01192	−0.042%	$972K	$1.8M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01192	−0.042%	$1.5M	$843K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01192	−0.067%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01190	−0.168%	$58K	$4K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01193	+0.033%	$159K	$1.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01194	+0.126%	$8K	$637K	50x	as long as short
BloFin ZK-USDTlong	+0.0148%	4h	0.01192	long leg	$214K	$26K	75x