ZK

Alert

Funding spread now, next payment 17:00 UTC−0.1707%/8h

next payment, per $10,000−$2.13paid, last 24h−0.584%paid, last 4 days−1.430%to open and closeno order book

Long on Kraken Futures Short on Injective

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZKUSD	0.01184	0.1740	pay 0.0218% / 1h	41m 49s	$197K	$40K	25x
Short	Injective ZK/USDC PERP	0.01170	0.0033	get 0.0004% / 1h	41m 49s	$2K	$31K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee InjectivebpOrdersRate

Funding earned: −$358.47
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$368.49
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −1.208%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 2 min ago	41.85 bp	102.4 bp −$102	16905.9 bp −$169.1K	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ZK/USDC PERPshort	+0.0033%	1h	$2K	$31K	5.5x
Lighter ZK	+0.0096%	1h	$133K	$142K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	$578K	$294K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	$32K	$34K	10x	as long as short
Pacifica ZK	+0.0100%	1h	$30K	$4K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	$4.7M	$11.2M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	$5.0M	$3.0M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	$971K	$2.5M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	$332K	$292K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	$1.1M	$1.2M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	$1.5M	$1.0M	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	$57K	$20K	—	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	$8K	$611K	50x	as long as short
BloFin ZK-USDT	+0.0109%	4h	$224K	$49K	75x	as long as short
Kraken Futures PF_ZKUSDlong	+0.1740%	1h	$197K	$40K	25x