# ZK funding rates and arbitrage

Updated 2026-10-29 22:28 UTC · https://afterfees.xyz/coin/ZK

## 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 |
|---|---|---|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_ZKUSD | 0.0401% | 1 h | +351.0% | +9.2% | $213K | 2026-10-29 23:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | ZKUSD-PERP | 0.0093% | 1 h | +81.8% | +98.1% | $35.5K | 2026-10-29 23:00 |
| [Extended](https://afterfees.xyz/venues/extended) | ZK-USD | 0.0013% | 1 h | +11.4% | +10.1% | $1.9K | 2026-10-29 23:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | ZKUSDTM | 0.0050% | 4 h | +10.9% | +8.8% | $1.6M | 2026-10-30 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | ZKUSDT | 0.0050% | 4 h | +10.9% | +6.6% | — | 2026-10-30 00:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | ZK_PERP | 0.0050% | 4 h | +10.9% | +11.0% | $1.2M | 2026-10-30 00:00 |
| [Pacifica](https://afterfees.xyz/venues/pacifica) | ZK | 0.0013% | 1 h | +10.9% | +11.0% | $13K | 2026-10-29 23:00 |
| [ApeX](https://afterfees.xyz/venues/apex) | ZK-USDT | 0.0013% | 1 h | +10.9% | +6.9% | $16.3K | 2026-10-29 23:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | ZKUSDT | 0.0050% | 4 h | +10.9% | +7.2% | $1.2M | 2026-10-30 00:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_ZK_USDT | 0.0050% | 4 h | +10.9% | +6.7% | $11 | 2026-10-30 00:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | ZK-USDT | 0.0050% | 4 h | +10.9% | +10.4% | $1.1M | 2026-10-30 00:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | ZK_USDT_Perp | 0.0050% | 4 h | +10.9% | −6.2% | $143.4K | 2026-10-30 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | ZKUSDT | 0.0050% | 4 h | +10.9% | +6.7% | $5.3M | 2026-10-30 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | ZK_USDT | 0.0100% | 8 h | +10.9% | +11.0% | $154.1K | 2026-10-30 00:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | ZK | 0.0013% | 1 h | +10.9% | +11.0% | $3.6M | 2026-10-29 23:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | ZK | 0.0012% | 1 h | +10.5% | +10.5% | $59.8K | 2026-10-29 23:00 |
| [Variational](https://afterfees.xyz/venues/variational) | ZK-PERP | 0.0044% | 4 h | +9.5% | — | $57K | 2026-10-30 00:00 |
| [BloFin](https://afterfees.xyz/venues/blofin) | ZK-USDT | 0.0022% | 4 h | +4.8% | +7.6% | $232.3K | 2026-10-30 00:00 |
| [OKX](https://afterfees.xyz/venues/okx) | ZK-USDT-SWAP | -0.0001% | 4 h | −0.3% | −3.0% | $1.3M | 2026-10-30 00:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | ZKUSDT | -0.0014% | 4 h | −3.1% | +2.7% | $4.5M | 2026-10-30 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | ZKUSDT | -0.0016% | 4 h | −3.4% | −6.1% | $17.5K | 2026-10-30 00:00 |

## Borrow ZK to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| OKX | 5.51% | — |
| Bybit | 5.95% | — |
| Bitget | 8.13% | — |
| Binance | 26.98% | — |
| Gate | 67.14% | $30K |

## Cost to enter $10,000 of ZK

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| GRVT | ZK_USDT_Perp | 17.5 bp | order-book snapshot, 51 min old |
| Extended | ZK-USD | 3.0 bp | top of book only |
| BingX | ZK-USDT | 6.4 bp | top of book only |
| OKX | ZK-USDT-SWAP | 6.4 bp | top of book only |
| Binance | ZKUSDT | 6.9 bp | top of book only |
| Lighter | ZK | 7.9 bp | top of book only |
| BloFin | ZK-USDT | 8.8 bp | top of book only |
| Variational | ZK-PERP | 9.3 bp | top of book only |
| Bybit | ZKUSDT | 9.7 bp | top of book only |
| Aster | ZKUSDT | 10.5 bp | top of book only |
| Hyperliquid | ZK | 11.0 bp | top of book only |
| Gate | ZK_USDT | 12.1 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

- [Borrow ZK: rates on every exchange](https://afterfees.xyz/borrow/ZK)
- [ZK transfer arbitrage](https://afterfees.xyz/transfers/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?**

Kraken at +351.0% a year (0.0401% every 1 h); the lowest is Aster at −3.4%. 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._