ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.62 per $10,000 · paid last 24h −0.017%

Price spread now: OKX against BloFin+0.203%53s7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as 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−$820.817% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.365%−$36 · spread now +0.203%, 7d avg −0.055%

Together, before fees−0.400%−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.258% dearer against BloFin than usual: you sell high and buy low (spread +0.203% now, against its 7-day average of −0.055%): +$26 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.9 days. At the pace of the last 7 days (−0.035% in total) that is about 52 days. The two prices were read 53 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	0.01179	0.0062	pay 0.0031% / 4h	2h 04m	$211K	$18K	75x
Short	OKX ZK-USDT-SWAP	0.01182	−0.0062	pay 0.0031% / 4h	2h 04m	$1.0M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.203%Rate

Funding earned: −$26.11
Price spread: +0.203% → −0.055%: $25.85
Slippage, 4 orders: −$59.65
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$81.92
Costs to cover: 0.817%
Break-even: never at this rate

Slippage from BloFin: live order book, 11 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 BloFin live order book, 11 min ago	3.01 bp	16.4 bp −$16	36.7 bp −$367	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	4.25 bp	24.6 bp −$25	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	−0.0062%	4h	0.01182	+0.203%	$1.0M	$2.2M	20x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.805%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDTlong	+0.0062%	4h	0.01179	long leg	$211K	$18K	75x
Lighter ZK	+0.0096%	1h	0.01181	+0.161%	$129K	$197K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01183	+0.314%	$587K	$180K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01183	+0.299%	$32K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01180	+0.059%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01183	+0.299%	$4.9M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01183	+0.280%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01182	+0.212%	$301K	$267K	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	0.01183	+0.297%	$974K	$1.5M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01183	+0.297%	$1.5M	$912K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01182	+0.246%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01178	−0.119%	$57K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01178	−0.128%	$155K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01179	−0.042%	$8K	$625K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1260%	1h	0.01183	+0.283%	$202K	$43K	25x	as long as short