ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1602%/8h= −175.4% APRnext payment −$2.00 per $10,000 · paid last 24h −0.593%

Price spread now: Injective against Kraken Futures−1.193%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and Injective is 1.193% cheaper against Kraken Futures than usual: you would sell low and buy high (−$119 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZKUSD	0.01184	0.1635	pay 0.0204% / 1h	28m 53s	$202K	$41K	25x
Short	Injective ZK/USDC PERP	0.01170	0.0033	get 0.0004% / 1h	28m 53s	$2K	$31K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 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 Kraken FuturesbpFee InjectivebpOrdersPrice spread, now −1.193%Rate

Funding earned: −$336.34
Price spread: −1.193% → 0.000%: −$119.3
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$465.65
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 14 min ago; Injective: no order-book sample. Net counts fees only.

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, 14 min ago	31.84 bp	83.2 bp −$83	17325.2 bp −$173.3K	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0024%	4h	0.01180	−0.348%	$1.0M	$2.1M	20x	as long as short
Injective ZK/USDC PERPshort	+0.0033%	1h	0.01170	−1.193%	$2K	$31K	5.5x
Lighter ZK	+0.0096%	1h	0.01182	−0.146%	$131K	$197K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01181	−0.256%	$586K	$175K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01181	−0.268%	$32K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01180	−0.340%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01181	−0.280%	$4.9M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01180	−0.306%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01180	−0.348%	$301K	$260K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01180	−0.348%	$969K	$1.6M	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	0.01180	−0.348%	$1.4M	$889K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01180	−0.315%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01177	−0.569%	$57K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01178	−0.517%	$163K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01178	−0.517%	$8K	$628K	50x	as long as short
BloFin ZK-USDT	+0.0105%	4h	0.01180	−0.382%	$213K	$19K	75x	as long as short
Kraken Futures PF_ZKUSDlong	+0.1635%	1h	0.01184	long leg	$202K	$41K	25x