ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.63 per $10,000 · paid last 24h +0.009%

Price spread now: BloFin against OKX+0.136%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$830.832% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.454%+$45 · spread now +0.136%, 7d avg +0.055%

Together, before fees+0.490%+$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.081% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZK-USDT-SWAP	0.01173	−0.0054	get 0.0027% / 4h	1h 26m	$1.0M	$2.2M	20x
Short	BloFin ZK-USDT	0.01175	0.0071	get 0.0035% / 4h	1h 26m	$216K	$20K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.136%Rate

Funding earned: $26.27
Price spread: +0.136% → +0.055%: $8.1
Slippage, 4 orders: −$61.24
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$48.88
Costs to cover: 0.832%
Break-even: 20.0 days

Slippage from OKX: live order book, 6 min ago; BloFin: live order book, 12 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 OKX live order book, 6 min ago	2.98 bp	19.0 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 12 min ago	5.13 bp	12.9 bp −$13	39.6 bp −$396	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-SWAPlong	−0.0054%	4h	0.01173	long leg	$1.0M	$2.2M	20x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.256%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDTshort	+0.0071%	4h	0.01175	+0.136%	$216K	$20K	75x
Lighter ZK	+0.0096%	1h	0.01175	+0.213%	$136K	$182K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01176	+0.264%	$585K	$221K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01174	+0.054%	$31K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01174	+0.085%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01174	+0.102%	$4.9M	$8.6M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01173	+0.009%	$5.0M	$2.5M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01173	0.000%	$327K	$233K	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	0.01173	0.000%	$978K	$1.3M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01174	+0.085%	$1.5M	$832K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01173	+0.026%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01175	+0.197%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01175	+0.173%	$155K	$2.5M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01177	+0.341%	$9K	$620K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1600%	1h	0.01176	+0.221%	$193K	$39K	25x	as long as short