ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.47 per $10,000 · paid last 24h −0.017%

Price spread now: OKX against BloFin−0.043%93s7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as 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−$780.782% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now −0.043%, 7d avg −0.055%

Together, before fees−0.187%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 93 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	0.01175	0.0063	pay 0.0031% / 4h	3h 15m	$216K	$21K	75x
Short	OKX ZK-USDT-SWAP	0.01175	−0.0031	pay 0.0016% / 4h	3h 15m	$998K	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$19.81
Price spread: −0.043% → −0.055%: $1.27
Slippage, 4 orders: −$56.19
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$96.74
Costs to cover: 0.782%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 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 BloFin live order book, 5 min ago	4.68 bp	15.7 bp −$16	50.6 bp −$506	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.56 bp	24.1 bp −$24	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	−0.0031%	4h	0.01175	−0.043%	$998K	$2.2M	20x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.468%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDTlong	+0.0063%	4h	0.01175	long leg	$216K	$21K	75x
Lighter ZK	+0.0096%	1h	0.01177	+0.153%	$127K	$189K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01176	+0.085%	$588K	$188K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01177	+0.119%	$32K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01176	+0.009%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01176	+0.043%	$4.9M	$8.1M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01175	−0.085%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01175	−0.043%	$302K	$260K	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	0.01175	−0.043%	$967K	$1.4M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01175	−0.043%	$1.5M	$846K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01176	+0.009%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01173	−0.171%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01175	−0.041%	$159K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01174	−0.128%	$8K	$620K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1334%	1h	0.01178	+0.204%	$194K	$38K	25x	as long as short