ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.009%

Price spread now: Injective against Lighter−0.527%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.527% cheaper against Lighter than usual: you would sell low and buy high (−$53 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZK	0.01176	0.0096	pay 0.0012% / 1h	54m 39s	$128K	$194K	8x
Short	Injective ZK/USDC PERP	0.01170	0.0033	get 0.0004% / 1h	54m 39s	$2K	$31K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Lighter. 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 LighterbpFee InjectivebpOrdersPrice spread, now −0.527%Rate

Funding earned: −$13.16
Price spread: −0.527% → 0.000%: −$52.71
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$65.89
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 35 min ago; Injective: no order-book sample. Net counts fees only.

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 Lighter live order book, 35 min ago	5.61 bp	21.0 bp −$21	70.9 bp −$709	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 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-SWAP	−0.0064%	4h	0.01174	−0.204%	$998K	$2.1M	20x	as long as short
Injective ZK/USDC PERPshort	+0.0033%	1h	0.01170	−0.527%	$2K	$31K	5.5x
BloFin ZK-USDT	+0.0083%	4h	0.01176	+0.026%	$213K	$19K	75x	as long as short
Lighter ZKlong	+0.0096%	1h	0.01176	long leg	$128K	$194K	8x
Hyperliquid ZK	+0.0100%	1h	0.01175	−0.085%	$583K	$177K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01175	−0.122%	$31K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01175	−0.102%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01174	−0.146%	$4.9M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01174	−0.153%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01175	−0.102%	$299K	$259K	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	0.01174	−0.187%	$966K	$1.5M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01175	−0.102%	$1.4M	$909K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01174	−0.187%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01175	−0.073%	$57K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01177	+0.103%	$155K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01180	+0.323%	$8K	$625K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1645%	1h	0.01177	+0.080%	$201K	$42K	25x	as long as short