ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1371%/8h= +150.2% APRnext payment +$1.71 per $10,000 · paid last 24h +0.584%

Price spread now: Kraken Futures against Injective+1.246%63s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Kraken Futures is 1.246% dearer against Injective than usual: you sell high and buy low: +$125 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 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	Injective ZK/USDC PERP	0.01170	0.0033	pay 0.0004% / 1h	41m 38s	$2K	$31K	5.5x
Short	Kraken Futures PF_ZKUSD	0.01185	0.1405	get 0.0176% / 1h	41m 38s	$195K	$44K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now +1.246%Rate

Funding earned: $287.99
Price spread: +1.246% → 0.000%: $124.63
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $402.6
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 36 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 36 min ago	30.45 bp	41.7 bp −$42	217.3 bp −$2,173	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPlong	+0.0033%	1h	0.01170	long leg	$2K	$31K	5.5x
OKX ZK-USDT-SWAP	+0.0042%	4h	0.01178	+0.684%	$982K	$2.3M	20x	as long as short
BloFin ZK-USDT	+0.0062%	4h	0.01181	+0.923%	$213K	$25K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01181	+0.932%	$129K	$166K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01180	+0.872%	$599K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01180	+0.839%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01180	+0.855%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01178	+0.705%	$4.8M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01178	+0.692%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01178	+0.684%	$322K	$245K	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	0.01178	+0.684%	$990K	$1.0M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01180	+0.855%	$1.5M	$857K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01178	+0.709%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01181	+0.906%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01182	+0.992%	$154K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01182	+1.026%	$8K	$628K	50x	as long as short
Kraken Futures PF_ZKUSDshort	+0.1405%	1h	0.01185	+1.246%	$195K	$44K	25x