ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.41 per $10,000 · paid last 24h −0.026%

Price spread now: OKX against Binance−0.099%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$700.704% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days+0.101%+$10 · spread now −0.099%, 7d avg +0.011%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.110% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKUSDT	0.01173	0.0100	pay 0.0050% / 4h	1h 04m	$4.8M	$9.8M	75x
Short	OKX ZK-USDT-SWAP	0.01172	0.0018	get 0.0009% / 4h	1h 04m	$947K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Binance. 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 BinancebpFee OKXbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$17.17
Price spread: −0.099% → +0.011%: −$11.02
Slippage, 4 orders: −$50.44
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$98.62
Costs to cover: 0.704%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; OKX: live order book, 3 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 Binance live order book, 5 min ago	1.28 bp	16.6 bp −$17	57.9 bp −$579	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.14 bp	19.6 bp −$20	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	+0.0018%	4h	0.01172	−0.099%	$947K	$2.3M	20x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.270%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0057%	4h	0.01168	−0.415%	$211K	$25K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01174	+0.028%	$128K	$165K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01174	+0.080%	$595K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01172	−0.084%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01173	−0.040%	$29K	$3K	5x	as long as short
Binance ZKUSDTlong	+0.0100%	4h	0.01173	long leg	$4.8M	$9.8M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01173	−0.031%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01173	−0.014%	$320K	$248K	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	0.01172	−0.099%	$988K	$1.0M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01173	−0.014%	$1.5M	$866K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01173	−0.048%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01167	−0.484%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01169	−0.354%	$160K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01169	−0.355%	$8K	$624K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1289%	1h	0.01173	−0.022%	$194K	$43K	25x	as long as short