ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.001%

Price spread now: Binance against BloFin+0.223%101s7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$630.632% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.422%−$42 · spread now +0.223%, 7d avg −0.027%

Together, before fees−0.418%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.249% dearer against BloFin than usual: you sell high and buy low (spread +0.223% now, against its 7-day average of −0.027%): +$25 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 15 days. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZK-USDT	0.01166	0.0157	pay 0.0078% / 4h	1h 07m	$211K	$25K	75x
Short	Binance ZKUSDT	0.01168	0.0100	get 0.0050% / 4h	1h 07m	$4.7M	$9.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.223%Rate

Funding earned: −$11.87
Price spread: +0.223% → −0.027%: $24.94
Slippage, 4 orders: −$41.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$50.11
Costs to cover: 0.632%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Binance: live order book, 2 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 BloFin live order book, 3 min ago	0.86 bp	21.0 bp −$21	40.7 bp −$407	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.28 bp	14.4 bp −$14	52.5 bp −$525	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-SWAP	+0.0009%	4h	0.01168	+0.215%	$944K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.386%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01169	+0.335%	$127K	$165K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01168	+0.257%	$593K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01168	+0.192%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01168	+0.180%	$29K	$3K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01168	+0.223%	$4.7M	$9.8M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01168	+0.180%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01167	+0.129%	$319K	$248K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01167	+0.129%	$982K	$1.0M	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	0.01168	+0.215%	$1.5M	$866K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01167	+0.172%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01166	+0.029%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01169	+0.301%	$160K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01166	+0.043%	$8K	$624K	50x	as long as short
BloFin ZK-USDTlong	+0.0157%	4h	0.01166	long leg	$211K	$25K	75x
Kraken Futures PF_ZKUSD	+0.1292%	1h	0.01171	+0.445%	$194K	$43K	25x	as long as short