Funding you earn now, next payment 02:00 UTC−0.0595%/8h= −65.2% APRpaid last 24h −0.576%
Price spread now: BloFin against Kraken Futures+0.490%537s7-day average −0.209% · you sell dearer than you buy
Net, funding: paid 7d − costs−$355as 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−$2242.239% of the position
Funding, last 7 days−1.311%−$131 on $10k
+Price spread, last 3 days (all we have)−0.637%−$64 · spread now +0.490%, 7d avg −0.209%
=The price spread pays, funding is against you. BloFin is 0.699% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.490% now, against its 7-day average of −0.209%): +$70 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 3.9 days. The two prices were read 537 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 | Kraken Futures PF_ZKUSD | 0.01165 | 0.0742 | pay 0.0093% / 1h | 39m 49s | $192K | $42K | 25x |
| Short | BloFin ZK-USDT | 0.01170 | 0.0147 | get 0.0073% / 4h | 2h 39m | $216K | $22K | 75x |
Kraken Futures PF_ZKUSD
BloFin ZK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$125.03
- Price spread: +0.490% → −0.209%
- $69.91
- Slippage, 4 orders
- −$201.86
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$278.98
- Costs to cover
- 2.239%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 28 min ago; BloFin: live order book, 20 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 Kraken Futures live order book, 28 min ago | 38.06 bp | 136.7 bp −$137 | 16518.0 bp −$165.2K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 20 min ago | 3.42 bp | 19.1 bp −$19 | 41.4 bp −$414 | 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 | −0.0213% | 4h | 0.01162 | −0.223% | $1.0M | $2.4M | 20x | as long as short |
| Bybit ZKUSDT | −0.0135% | 4h | 0.01162 | −0.223% | $5.0M | $2.6M | 25x | as long as short |
| Injective ZK/USDC PERP | +0.0033% | 1h | 0.01170 | +0.464% | $2K | $31K | 5.5x | as long as short |
| Lighter ZK | +0.0096% | 1h | 0.01163 | −0.103% | $129K | $176K | 8x | as long as short |
| Hyperliquid ZK | +0.0100% | 1h | 0.01163 | −0.137% | $577K | $240K | 5x | as long as short |
| Aster ZKUSDT | +0.0100% | 4h | 0.01162 | −0.206% | $36K | $19K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01163 | −0.137% | $29K | $3K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01162 | −0.206% | $4.8M | $9.3M | 75x | as long as short |
| Gate ZK_USDT | +0.0100% | 8h | 0.01162 | −0.223% | $324K | $237K | 50x | as long as short |
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01162 | −0.223% | $966K | $1.2M | 50x | as long as short |
OKX ZK-USDT-SWAP
Bybit ZKUSDT
Injective ZK/USDC PERP
Lighter ZK
Hyperliquid ZK
Aster ZKUSDT
Pacifica ZK
Binance ZKUSDT
Gate ZK_USDT
KuCoin ZKUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZKUSDT | +0.0100% | 4h | 0.01163 | −0.137% | $1.4M | $866K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01161 | −0.317% | — | $6.7M | — | as long as short |
| Variational Omni ZK | +0.0100% | 4h | 0.01164 | −0.062% | $57K | $15K | — | as long as short |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01169 | +0.370% | $155K | $2.6M | 10x | as long as short |
| ApeX Omni ZKUSDT | +0.0100% | 1h | 0.01170 | +0.464% | $9K | $625K | 50x | as long as short |
| BloFin ZK-USDTshort | +0.0147% | 4h | 0.01170 | +0.490% | $216K | $22K | 75x | |
| Kraken Futures PF_ZKUSDlong | +0.0742% | 1h | 0.01165 | long leg | $192K | $42K | 25x |
Bitget ZKUSDT
BingX ZK-USDT
Variational Omni ZK
GRVT ZK_USDT_Perp
ApeX Omni ZKUSDT