ZK funding rates and arbitrage
Updated 2026-11-11 23:02 UTC
Best ZK arbitrage after every cost
No ZK pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
ZK funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| ApeX | ZK-USDT | 0.0052% | 1 h | +46.0% | +3.3% | $19.6K | 2026-11-12 00:00 |
| Pacifica | ZK | 0.0013% | 1 h | +10.9% | +10.9% | $11.4K | 2026-11-12 00:00 |
| WhiteBIT | ZK_PERP | 0.0050% | 4 h | +10.9% | +11.0% | $1.1M | 2026-11-12 00:00 |
| Hyperliquid | ZK | 0.0013% | 1 h | +10.9% | +0.6% | $1.4M | 2026-11-12 00:00 |
| Bitget | ZKUSDT | 0.0035% | 4 h | +7.7% | −0.9% | $1.2M | 2026-11-12 00:00 |
| BingX | ZK-USDT | 0.0034% | 4 h | +7.4% | +10.8% | $629.2K | 2026-11-12 00:00 |
| Bitunix | ZKUSDT | 0.0013% | 4 h | +2.9% | +7.5% | — | 2026-11-12 00:00 |
| BloFin | ZK-USDT | 0.0012% | 4 h | +2.6% | +6.7% | $213.7K | 2026-11-12 00:00 |
| Binance | ZKUSDT | 0.0005% | 4 h | +1.2% | +8.2% | $4.2M | 2026-11-12 00:00 |
| Aster | ZKUSDT | 0.0005% | 4 h | +1.1% | −14.3% | $14.9K | 2026-11-12 00:00 |
| Extended | ZK-USD | 0.0001% | 1 h | +0.9% | +8.0% | $2K | 2026-11-12 00:00 |
| WOO X | PERP_ZK_USDT | 0.0004% | 4 h | +0.8% | +8.1% | $9 | 2026-11-12 00:00 |
| Lighter | ZK | -0.0003% | 1 h | −2.6% | +7.6% | $33.9K | 2026-11-12 00:00 |
| Gate | ZK_USDT | -0.0035% | 8 h | −3.8% | +4.9% | $138.4K | 2026-11-12 00:00 |
| Bybit | ZKUSDT | -0.0021% | 4 h | −4.6% | +4.6% | $2.9M | 2026-11-12 00:00 |
| Variational | ZK-PERP | -0.0057% | 4 h | −12.5% | −6.2% | $34.9K | 2026-11-12 00:00 |
| Kraken | PF_ZKUSD | -0.0023% | 1 h | −20.3% | −57.8% | $168.3K | 2026-11-12 00:00 |
| KuCoin | ZKUSDTM | -0.0096% | 4 h | −21.0% | −17.7% | $980.4K | 2026-11-12 00:00 |
| OKX | ZK-USDT-SWAP | -0.0148% | 4 h | −32.3% | −13.6% | $1.4M | 2026-11-12 00:00 |
| GRVT | ZK_USDT_Perp | -0.0272% | 4 h | −59.6% | −3.6% | $117.8K | 2026-11-12 00:00 |
| Crypto.com | ZKUSD-PERP | -0.0181% | 1 h | −158.2% | +136.8% | $30.2K | 2026-11-12 00:00 |
Borrow ZK to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 5.92% | — |
| Bybit | 8.40% | — |
| OKX | 14.94% | — |
| Binance | 25.37% | — |
| Gate | 45.82% | $30K |
Cost to enter $10,000 of ZK
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Extended | ZK-USD | 3.6 bp | top of book only |
| Variational | ZK-PERP | 4.4 bp | top of book only |
| Lighter | ZK | 4.9 bp | top of book only |
| OKX | ZK-USDT-SWAP | 6.6 bp | top of book only |
| BingX | ZK-USDT | 6.6 bp | top of book only |
| Binance | ZKUSDT | 6.6 bp | top of book only |
| GRVT | ZK_USDT_Perp | 6.7 bp | top of book only |
| Bybit | ZKUSDT | 7.1 bp | top of book only |
| BloFin | ZK-USDT | 7.6 bp | top of book only |
| Bybit | ZKUSDT (spot) | 13.3 bp | top of book only |
| Hyperliquid | ZK | 14.3 bp | top of book only |
| OKX | ZK-USDT (spot) | 14.9 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on ZK
Questions
Is ZK funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no ZK pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest ZK funding rate?
ApeX at +46.0% a year (0.0052% every 1 h); the lowest is Crypto.com at −158.2%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.