ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.21 per $10,000 · paid last 24h +0.025%

Price spread now: BloFin against Bybit−0.205%7-day average +0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)+0.470%+$47 · spread now −0.205%, 7d avg +0.092%

Together, before fees+0.518%+$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.297% cheaper against Bybit than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.092%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKUSDT	0.01171	0.0100	pay 0.0050% / 4h	1h 04m	$5.0M	$2.6M	25x
Short	BloFin ZK-USDT	0.01168	0.0057	get 0.0029% / 4h	1h 04m	$211K	$25K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now −0.205%Rate

Funding earned: −$8.97
Price spread: −0.205% → +0.092%: −$29.68
Slippage, 4 orders: −$41.86
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$103.52
Costs to cover: 0.649%
Break-even: never at this rate

Slippage from Bybit: live order book, 8 min ago; BloFin: live order book, 5 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 Bybit live order book, 8 min ago	1.72 bp	17.6 bp −$18	55.1 bp −$551	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.86 bp	11.2 bp −$11	32.5 bp −$325	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	+0.0015%	4h	0.01171	+0.051%	$946K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.060%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDTshort	+0.0057%	4h	0.01168	−0.205%	$211K	$25K	75x
Lighter ZK	+0.0096%	1h	0.01173	+0.196%	$128K	$165K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01172	+0.154%	$595K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01172	+0.109%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01171	+0.017%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01171	+0.068%	$4.7M	$9.8M	75x	as long as short
Bybit ZKUSDTlong	+0.0100%	4h	0.01171	long leg	$5.0M	$2.6M	25x
Gate ZK_USDT	+0.0100%	8h	0.01170	−0.060%	$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	0.01170	−0.060%	$987K	$1.0M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01171	+0.026%	$1.5M	$866K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01171	+0.051%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01167	−0.274%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01169	−0.144%	$160K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01169	−0.145%	$8K	$624K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1289%	1h	0.01173	+0.189%	$194K	$43K	25x	as long as short