ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Bybit+0.093%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$830.835% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now +0.093%, 7d avg +0.100%

Together, before fees−0.024%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKUSDT	0.01179	0.0100	pay 0.0050% / 4h	1h 28m	$5.1M	$2.4M	25x
Short	Lighter ZK	0.01180	0.0096	get 0.0012% / 1h	28m 03s	$130K	$197K	8x

Funding history

latest

Range statsloading…

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now +0.093%Rate

Slippage from Bybit: live order book, 10 min ago; Lighter: live order book, 62 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 10 min ago	3.40 bp	27.7 bp −$28	88.4 bp −$884	doesn't fit	doesn't fit
Sell Lighter live order book, 62 min ago	5.61 bp	5.8 bp −$6	61.8 bp −$618	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	+0.0028%	4h	0.01178	−0.068%	$1.0M	$2.1M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.763%	$2K	$31K	5.5x	as long as short
Lighter ZKshort	+0.0096%	1h	0.01180	+0.093%	$130K	$197K	8x
Hyperliquid ZK	+0.0100%	1h	0.01179	+0.042%	$585K	$175K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01179	+0.026%	$32K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01179	+0.008%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01179	+0.026%	$4.9M	$8.0M	75x	as long as short
Bybit ZKUSDTlong	+0.0100%	4h	0.01179	long leg	$5.1M	$2.4M	25x
Gate ZK_USDT	+0.0100%	8h	0.01179	0.000%	$301K	$260K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01178	−0.085%	$969K	$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	0.01179	0.000%	$1.4M	$889K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01179	0.000%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01177	−0.136%	$57K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01178	−0.085%	$163K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01178	−0.085%	$8K	$628K	50x	as long as short
BloFin ZK-USDT	+0.0105%	4h	0.01180	+0.051%	$213K	$19K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1637%	1h	0.01182	+0.291%	$202K	$41K	25x	as long as short