ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1260%/8h= +137.9% APRpaid last 24h +0.564%

Price spread now: Kraken Futures against BingX+0.265%7-day average +0.254% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$231as in the Price arb table

costs, in and out, $10k−$2322.322% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+1.271%+$127 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.265%, 7d avg +0.254%

Together, before fees+1.264%+$126 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.254%, so right now this pair is about funding alone: +$38 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZK-USDT	0.01179	0.0100	pay 0.0050% / 4h	3h 05m	—	$6.7M	—
Short	Kraken Futures PF_ZKUSD	0.01182	0.1360	get 0.0170% / 1h	5m 16s	$195K	$43K	25x

Funding history

latest

Range statsloading…

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.265%Rate

Slippage from BingX: live order book, 2 min ago; Kraken Futures: live order book, 2 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 2 min ago	2.97 bp	22.2 bp −$22	48.7 bp −$487	398.9 bp −$39.9K	650.4 bp −$325.2K
Sell Kraken Futures live order book, 2 min ago	38.06 bp	50.9 bp −$51	233.2 bp −$2,332	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
Bybit ZKUSDT	−0.0211%	4h	0.01177	−0.102%	$5.0M	$2.6M	25x	as long as short
OKX ZK-USDT-SWAP	−0.0120%	4h	0.01177	−0.093%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.721%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01181	+0.178%	$131K	$173K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01180	+0.102%	$586K	$240K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01179	+0.062%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01179	0.000%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01179	+0.012%	$4.8M	$9.4M	75x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01180	+0.127%	$332K	$241K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01178	−0.042%	$980K	$1.2M	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	0.01180	+0.127%	$1.5M	$848K	75x	as long as short
BingX ZK-USDTlong	+0.0100%	4h	0.01179	long leg	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01177	−0.133%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01180	+0.127%	$165K	$2.7M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01180	+0.127%	$9K	$624K	50x	as long as short
BloFin ZK-USDT	+0.0118%	4h	0.01180	+0.153%	$216K	$22K	75x	as long as short
Kraken Futures PF_ZKUSDshort	+0.1360%	1h	0.01182	+0.265%	$195K	$43K	25x