ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.08 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against BloFin−0.127%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$730.732% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now −0.127%, 7d avg +0.031%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.158% cheaper against BloFin than usual: you would sell low and buy high (spread −0.127% now, against its 7-day average of +0.031%). If the spread goes back, that is −$16 on $10k: about 32 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZK-USDT	0.01176	0.0083	pay 0.0042% / 4h	1h 54m	$213K	$19K	75x
Short	Bitget ZKUSDT	0.01175	0.0100	get 0.0050% / 4h	1h 54m	$1.4M	$909K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.127%Rate

Funding earned: $3.51
Price spread: −0.127% → +0.031%: −$15.85
Slippage, 4 orders: −$49.23
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$85.57
Costs to cover: 0.732%
Break-even: 177.5 days

Slippage from BloFin: live order book, 21 min ago; Bitget: 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, 21 min ago	3.01 bp	16.4 bp −$16	36.7 bp −$367	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	8.50 bp	19.8 bp −$20	69.8 bp −$698	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	−0.0063%	4h	0.01174	−0.229%	$998K	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.552%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDTlong	+0.0083%	4h	0.01176	long leg	$213K	$19K	75x
Lighter ZK	+0.0096%	1h	0.01176	−0.042%	$128K	$194K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01175	−0.127%	$583K	$180K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01175	−0.148%	$31K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01176	−0.042%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01175	−0.170%	$4.9M	$8.1M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01174	−0.204%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01175	−0.127%	$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	0.01173	−0.297%	$965K	$1.5M	50x	as long as short
Bitget ZKUSDTshort	+0.0100%	4h	0.01175	−0.127%	$1.4M	$909K	75x
BingX ZK-USDT	+0.0100%	4h	0.01174	−0.212%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01175	−0.098%	$57K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01177	+0.077%	$155K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01180	+0.297%	$8K	$625K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1645%	1h	0.01177	+0.054%	$201K	$42K	25x	as long as short