ZK funding rates and arbitrage

ZK perpetuals trade on 14 contracts across 14 venues, forming 91 cross-venue arbitrage pairs. By net APR the current best pair is long Kraken against short Crypto.com, netting +91.54%, though note the legs settle on different cadences (1h / 4h)。

ZK perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
Binance	ZKUSDT	USDT	4h	0.0039%	+8.43%	+3.74%	$13.6M	0.01486
BingX	ZK-USDT	USDT	4h	0.0050%	+10.95%	+9.16%	$7.2M	0.01485
KuCoin	ZKUSDTM	USDT	4h	0.0008%	+1.75%	-4.32%	$4.8M	0.01486
OKX	ZK-USDT-SWAP	USDT	4h	0.0018%	+3.91%	-9.28%	$4.5M	0.01487
Bybit	ZKUSDT	USDT	4h	0.0050%	+10.95%	+6.88%	$3.4M	0.01486
Hyperliquid	ZK	USDC	1h	0.0013%	+10.95%	+10.95%	$854K	0.01487
Bitget	ZKUSDT	USDT	4h	0.0050%	+10.95%	+3.30%	$728K	0.01485
WhiteBIT	ZK_PERP	USDT	4h	0.0050%	+10.95%	+10.95%	$359K	0.01485
Gate	ZK_USDT	USDT	8h	-0.0022%	-2.41%	-9.91%	$257K	0.01485
Kraken	PF_ZKUSD	USD	1h	-0.0074%	-64.49%	-12.42%	$57K	0.01485
Lighter	ZK	USDC	1h	0.0012%	+10.51%	+10.51%	$32K	0.01485
Aster	ZKUSDT	USDT	4h	0.0029%	+6.30%	-0.48%	$18K	0.01485
Coinbase	ZK-PERP	USDC	1h	0.0022%	+19.27%	+19.27%	$7K	0.01516
Crypto.com	ZKUSD-PERP	USD	4h	0.0124%	+27.05%	+31.89%	$679	0.01487

ZK cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Kraken USD	Crypto.com USD	+91.54%	0.2508%	+44.32%	1h / 4h	$679
Kraken USD	Coinbase USDC	+83.77%	0.2295%	+31.70%	1h matched	$7K
Kraken USD	BingX USDT	+75.44%	0.2067%	+21.58%	1h / 4h	$57K
Kraken USD	Bitget USDT	+75.44%	0.2067%	+15.72%	1h / 4h	$57K
Kraken USD	Bybit USDT	+75.44%	0.2067%	+19.31%	1h / 4h	$57K
Kraken USD	Hyperliquid USDC	+75.44%	0.2067%	+23.37%	1h matched	$57K
Kraken USD	WhiteBIT USDT	+75.44%	0.2067%	+23.37%	1h / 4h	$57K
Kraken USD	Lighter USDC	+75.01%	0.2055%	+22.94%	1h matched	$32K
Kraken USD	Binance USDT	+72.93%	0.1998%	+16.17%	1h / 4h	$57K
Kraken USD	Aster USDT	+70.79%	0.1940%	+11.94%	1h / 4h	$18K
Kraken USD	OKX USDT	+68.41%	0.1874%	+3.15%	1h / 4h	$57K
Kraken USD	KuCoin USDT	+66.25%	0.1815%	+8.11%	1h / 4h	$57K

ZKsync project profile

Website Whitepaper GitHub X (Twitter)

Key facts

Total: 21.00B
Max supply: 21.00B
Type: Token
Market cap rank: #200

Smart Contract PlatformEthereum EcosystemLayer 2 (L2)Zero Knowledge (ZK)ZkSync EcosystemConsensys PortfolioBlockchain Capital PortfolioOKX Ventures Portfolio

Contract addresses

zksync0x5a7d6b2f92c77fad6ccabd7ee0624e64907eaf3e

ethereum0x66a5cfb2e9c529f14fe6364ad1075df3a649c0a5

Block explorers

etherscan.io intel.arkm.com ethplorer.io explorer.zksync.io zksync-era.l2scan.co

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

ACE+134.1%AIXBT+192.3%AMZN+47.3%ARKM+116.9%AVGO+24.8%AZTEC+0.4%BABY+689.8%BAT+119.3%BIGTIME+56.7%BILL+74.8%BRETT+506.3%CAKE+46.9%

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