ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0219%/8h= −23.9% APRnext payment −$1.09 per $10,000 · paid last 24h −0.010%

Price spread now: OKX against KuCoin−0.077%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs−$287as in the Price arb table

costs, in and out, $10k−$2852.848% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.077%, 7d avg −0.057%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: −$7 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 -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.09 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKUSDTM	0.01171	0.0100	pay 0.0050% / 4h	1h 46m	$975K	$1.3M	50x
Short	OKX ZK-USDT-SWAP	0.01170	−0.0119	pay 0.0059% / 4h	1h 46m	$1.0M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$45.93
Price spread: −0.077% → −0.057%: −$1.96
Slippage, 4 orders: −$262.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$332.71
Costs to cover: 2.848%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 5 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 KuCoin live order book, 3 min ago	12.81 bp	112.6 bp −$113	264.2 bp −$2,642	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	4.26 bp	24.4 bp −$24	doesn't fit	doesn't fit	doesn't fit

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
OKX ZK-USDT-SWAPshort	−0.0119%	4h	0.01170	−0.077%	$1.0M	$2.3M	20x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.085%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01171	−0.017%	$135K	$181K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01171	−0.026%	$581K	$223K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01171	−0.005%	$31K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01172	+0.060%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01171	−0.026%	$4.8M	$8.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01171	+0.009%	$5.0M	$2.5M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01171	0.000%	$326K	$231K	50x	as long as short
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01171	long leg	$975K	$1.3M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01171	0.000%	$1.5M	$850K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01171	−0.043%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01175	+0.322%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01174	+0.285%	$155K	$2.5M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01170	−0.085%	$9K	$620K	50x	as long as short
BloFin ZK-USDT	+0.0130%	4h	0.01171	+0.043%	—	$20K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1605%	1h	0.01172	+0.105%	$193K	$39K	25x	as long as short