ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1394%/8h= −152.6% APRpaid last 24h −0.593%

Price spread now: OKX against Kraken Futures−0.273%7-day average −0.264% · you buy dearer than you sell

Net, funding: paid 7d − costs−$311as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1781.785% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−1.320%−$132 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.273%, 7d avg −0.264%

Together, before fees−1.316%−$132 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.264%, so right now this pair is about funding alone: −$42 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	0.01179	0.1411	pay 0.0176% / 1h	35m 47s	$194K	$44K	25x
Short	OKX ZK-USDT-SWAP	0.01176	0.0017	get 0.0009% / 4h	35m 47s	$981K	$2.3M	20x

Funding history

latest

Range statsloading…

OKX against Kraken Futures. 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 Kraken FuturesbpFee OKXbpOrdersPrice spread, now −0.273%Rate

Slippage from Kraken Futures: live order book, 42 min ago; OKX: live order book, 1 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	30.45 bp	97.1 bp −$97	15381.4 bp −$153.8K	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	3.40 bp	21.1 bp −$21	doesn't fit	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-SWAPshort	+0.0017%	4h	0.01176	−0.273%	$981K	$2.3M	20x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.791%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01179	−0.019%	$128K	$166K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01179	−0.061%	$598K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01178	−0.132%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01177	−0.197%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01177	−0.197%	$4.8M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01177	−0.180%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01177	−0.197%	$322K	$245K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01176	−0.282%	$986K	$1.1M	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	0.01178	−0.112%	$1.5M	$857K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01177	−0.214%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01176	−0.259%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01178	−0.112%	$153K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01179	−0.027%	$9K	$628K	50x	as long as short
BloFin ZK-USDT	+0.0113%	4h	0.01178	−0.129%	$215K	$25K	75x	as long as short
Kraken Futures PF_ZKUSDlong	+0.1411%	1h	0.01179	long leg	$194K	$44K	25x