ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1160%/8h= −127.1% APRpaid last 24h −0.608%

Price spread now: Binance against Kraken Futures−0.220%7-day average −0.238% · you buy dearer than you sell

Net, funding: paid 7d − costs−$385as in the Funding arb table

Net, price: spread back to 7d avg − costs−$234as in the Price arb table

costs, in and out, $10k−$2352.353% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−1.500%−$150 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.220%, 7d avg −0.238%

Together, before fees−1.538%−$154 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.238%, so right now this pair is about funding alone: −$35 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZKUSD	0.01183	0.1260	pay 0.0158% / 1h	5m 03s	$202K	$43K	25x
Short	Binance ZKUSDT	0.01180	0.0100	get 0.0050% / 4h	2h 05m	$4.9M	$8.1M	75x

Funding history

latest

Range statsloading…

Binance against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.220%Rate

Slippage from Kraken Futures: live order book, 42 min ago; Binance: live order book, 4 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 42 min ago	17.54 bp	164.6 bp −$165	17232.1 bp −$172.3K	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	2.13 bp	18.6 bp −$19	61.9 bp −$619	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	−0.0062%	4h	0.01179	−0.307%	$1.0M	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.085%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0062%	4h	0.01179	−0.282%	$211K	$18K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01182	−0.113%	$129K	$197K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01181	−0.164%	$586K	$180K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01180	−0.230%	$32K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01181	−0.130%	$29K	$3K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01180	−0.220%	$4.9M	$8.1M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01180	−0.265%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01180	−0.240%	$301K	$267K	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	0.01179	−0.324%	$971K	$1.5M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01181	−0.155%	$1.4M	$912K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01180	−0.265%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01178	−0.401%	$57K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01178	−0.410%	$155K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01179	−0.324%	$8K	$625K	50x	as long as short
Kraken Futures PF_ZKUSDlong	+0.1260%	1h	0.01183	long leg	$202K	$43K	25x