ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0127%/8h= −13.9% APRnext payment −$0.63 per $10,000 · paid last 24h −0.015%

Price spread now: OKX against KuCoin−0.153%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs−$261as in the Price arb table

costs, in and out, $10k−$2512.515% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days+0.076%+$8 · spread now −0.153%, 7d avg −0.055%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.098% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKUSDTM	0.01175	0.0100	pay 0.0050% / 4h	3h 14m	$968K	$1.4M	50x
Short	OKX ZK-USDT-SWAP	0.01173	−0.0027	pay 0.0013% / 4h	3h 14m	$998K	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$26.63
Price spread: −0.153% → −0.055%: −$9.82
Slippage, 4 orders: −$229.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$287.94
Costs to cover: 2.515%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; OKX: live order book, 2 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, 6 min ago	8.51 bp	109.8 bp −$110	240.3 bp −$2,403	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.56 bp	24.1 bp −$24	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	−0.0027%	4h	0.01173	−0.153%	$998K	$2.2M	20x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.426%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01176	+0.102%	$127K	$189K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01177	+0.136%	$588K	$188K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01177	+0.187%	$32K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01175	+0.009%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01176	+0.102%	$4.9M	$8.1M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01174	−0.085%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01175	0.000%	$302K	$260K	50x	as long as short
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01175	long leg	$968K	$1.4M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01176	+0.085%	$1.5M	$846K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01175	+0.043%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01173	−0.128%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01175	+0.002%	$159K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01176	+0.085%	$8K	$620K	50x	as long as short
BloFin ZK-USDT	+0.0126%	4h	0.01176	+0.051%	$216K	$21K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1333%	1h	0.01179	+0.354%	$194K	$38K	25x	as long as short