Funding you earn now, next payment 11:00 UTC−3.9974%/8h= −4377.2% APRpaid last 24h −0.634%
Price spread now: Gate against Kraken Futures−0.232%7-day average −0.222% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8,059as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7,882as in the Price arb table
costs, in and out, $10k−$7,88178.807% of the position
Funding, last 7 days−1.786%−$179 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.232%, 7d avg −0.222%
=The price spread sits at its 7-day average of −0.222%, so right now this pair is about funding alone: −$1,199 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.786% in total (about -93.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZKUSD | 0.01197 | 4.0074 | pay 0.5009% / 1h | 48m 15s | $208K | $48K | 25x |
| Short | Gate ZK_USDT | 0.01194 | 0.0100 | get 0.0100% / 8h | 5h 48m | $306K | $268K | 50x |
Kraken Futures PF_ZKUSD
Gate ZK_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8,394.61
- Price spread: −0.232% → −0.222%
- −$0.97
- Slippage, 4 orders
- −$7,855.74
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$16,276.32
- Costs to cover
- 78.807%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 62 min ago; Gate: live order book, 59 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 Kraken Futures live order book, 62 min ago | 32.38 bp | 7762.9 bp −$7,763 | 40528.5 bp −$405.3K | doesn't fit | doesn't fit |
| Sell Gate live order book, 59 min ago | 4.23 bp | 35.2 bp −$35 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ZK/USDC PERP | +0.0033% | 1h | 0.01170 | −2.237% | $2K | $31K | 5.5x | as long as short |
| BloFin ZK-USDT | +0.0078% | 4h | 0.01195 | −0.140% | $214K | $27K | 75x | as long as short |
| Lighter ZK | +0.0096% | 1h | 0.01197 | −0.015% | $129K | $180K | 8x | as long as short |
| Hyperliquid ZK | +0.0100% | 1h | 0.01195 | −0.132% | $592K | $171K | 5x | as long as short |
| Aster ZKUSDT | +0.0100% | 4h | 0.01195 | −0.137% | $33K | $20K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01194 | −0.249% | $29K | $2K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01195 | −0.173% | $4.9M | $7.8M | 75x | as long as short |
| Bybit ZKUSDT | +0.0100% | 4h | 0.01194 | −0.199% | $5.1M | $2.5M | 25x | as long as short |
| OKX ZK-USDT-SWAP | +0.0100% | 4h | 0.01194 | −0.207% | $1.0M | $2.2M | 20x | as long as short |
| Gate ZK_USDTshort | +0.0100% | 8h | 0.01194 | −0.232% | $306K | $268K | 50x |
Injective ZK/USDC PERP
BloFin ZK-USDT
Lighter ZK
Hyperliquid ZK
Aster ZKUSDT
Pacifica ZK
Binance ZKUSDT
Bybit ZKUSDT
OKX ZK-USDT-SWAPShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01194 | −0.232% | $966K | $1.8M | 50x | as long as short |
| Bitget ZKUSDT | +0.0100% | 4h | 0.01196 | −0.065% | $1.5M | $877K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01195 | −0.148% | — | $6.6M | — | as long as short |
| Variational Omni ZK | +0.0100% | 4h | 0.01195 | −0.186% | $58K | $4K | — | as long as short |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01196 | −0.035% | $160K | $2.0M | 10x | as long as short |
| ApeX Omni ZKUSDT | +0.0100% | 1h | 0.01195 | −0.148% | $8K | $635K | 50x | as long as short |
| Kraken Futures PF_ZKUSDlong | +4.0074% | 1h | 0.01197 | long leg | $208K | $48K | 25x |
KuCoin ZKUSDTM
Bitget ZKUSDT
BingX ZK-USDT
Variational Omni ZK
GRVT ZK_USDT_Perp
ApeX Omni ZKUSDT