ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.37 per $10,000 · paid last 24h +0.007%

Price spread now: Bybit against OKX+0.008%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$990.994% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.008%, 7d avg −0.050%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.058% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZK-USDT-SWAP	0.01189	0.0025	pay 0.0013% / 4h	20m 04s	$1.0M	$2.3M	20x
Short	Bybit ZKUSDT	0.01189	0.0100	get 0.0050% / 4h	20m 04s	$5.1M	$2.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.008%Rate

Funding earned: $15.65
Price spread: +0.008% → −0.050%: $5.84
Slippage, 4 orders: −$78.37
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$77.88
Costs to cover: 0.994%
Break-even: 41.8 days

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 3 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 OKX live order book, 2 min ago	4.20 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.20 bp	29.4 bp −$29	89.4 bp −$894	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-SWAPlong	+0.0025%	4h	0.01189	long leg	$1.0M	$2.3M	20x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.598%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01192	+0.261%	$138K	$180K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01192	+0.235%	$592K	$195K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01190	+0.070%	$32K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01191	+0.135%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01190	+0.118%	$4.9M	$8.5M	75x	as long as short
Bybit ZKUSDTshort	+0.0100%	4h	0.01189	+0.008%	$5.1M	$2.5M	25x
Gate ZK_USDT	+0.0100%	8h	0.01191	+0.168%	$327K	$248K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01190	+0.084%	$980K	$1.4M	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	0.01190	+0.084%	$1.5M	$858K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01190	+0.076%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01189	+0.019%	$58K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01192	+0.253%	$159K	$2.4M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01193	+0.336%	$8K	$616K	50x	as long as short
BloFin ZK-USDT	+0.0157%	4h	0.01192	+0.210%	$218K	$21K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1914%	1h	0.01194	+0.391%	$196K	$38K	25x	as long as short