ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.003%

Price spread now: BloFin against KuCoin−0.657%80s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$194as 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−$1951.948% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.709%+$71 · spread now −0.657%, 7d avg −0.014%

Together, before fees+0.718%+$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.643% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.657% now, against its 7-day average of −0.014%). If the spread goes back, that is −$64 on $10k: about 51 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.008% in total) that is about 18 months. The two prices were read 80 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	KuCoin ZKUSDTM	0.01187	0.0100	pay 0.0050% / 4h	1h 25m	$975K	$1.6M	50x
Short	BloFin ZK-USDT	0.01179	0.0142	get 0.0071% / 4h	1h 25m	$213K	$19K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now −0.657%Rate

Funding earned: $8.78
Price spread: −0.657% → −0.014%: −$64.32
Slippage, 4 orders: −$170.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$250.3
Costs to cover: 1.948%
Break-even: 206.4 days

Slippage from KuCoin: live order book, 10 min ago; BloFin: live order book, 50 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 KuCoin live order book, 10 min ago	8.50 bp	88.6 bp −$89	175.9 bp −$1,759	doesn't fit	doesn't fit
Sell BloFin live order book, 50 min ago	3.01 bp	16.9 bp −$17	41.7 bp −$417	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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.432%	$2K	$31K	5.5x	as long as short
OKX ZK-USDT-SWAP	+0.0036%	4h	0.01187	−0.017%	$1.0M	$2.2M	20x	as long as short
Lighter ZK	+0.0096%	1h	0.01190	+0.261%	$132K	$197K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01190	+0.261%	$591K	$175K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01189	+0.149%	$32K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01184	−0.227%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01189	+0.156%	$4.9M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01188	+0.059%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01189	+0.168%	$305K	$261K	50x	as long as short
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01187	long leg	$975K	$1.6M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01188	+0.084%	$1.5M	$889K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01188	+0.084%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01177	−0.809%	$57K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01178	−0.758%	$163K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01180	−0.590%	$8K	$629K	50x	as long as short
BloFin ZK-USDTshort	+0.0142%	4h	0.01179	−0.657%	$213K	$19K	75x
Kraken Futures PF_ZKUSD	+0.1624%	1h	0.01192	+0.414%	$203K	$41K	25x	as long as short