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ZK — funding rate on OKX
OKX · ZK-USDT-SWAP+0.005%per 4h · +0.001%/hshorts receive
last settlement+0.005%→upcoming payout+0.005%• unchanged
3:21:06settlement
0calmheat
Price (mark)
0.008969
-1.2% 24h
Vol 24h
$1.8M
Open interest
$1.3M
Price move in 2 min
—
avg 7d
-0.001%/h
avg 30d
-0.001%/h
Price and skew
Liquidations
24h$233
$233 longs$0 shorts
Longs were wiped — 100% of the total. Quiet over the last hour.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.13 · $0.03/hour
- Net snipe per settlement
- $-3.88 = 0.005% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.03×needs 0.160%+ per settlement
- Liquidation price
- 0.010718 (+19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Context and comparison
Funding history · 503 settlements
ZK on 8 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Aster | -0.011% / 4h | -0.003%/h | longs | -0.149% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Hyperliquid | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| Bybit | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| OKX ← you are here | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitunix | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Gate | -0.004% / 8h | -0.001%/h | longs | -0.156% |
Aster-0.003%/h
longsrate -0.011% / 4hsnipe -0.149%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Hyperliquid+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Bybit+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
OKX← you are here+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitunix+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Gate-0.001%/h
longsrate -0.004% / 8hsnipe -0.156%
Max spread across exchanges: +0.004%/h
ZK across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
5 exchanges on one timeline
OKXevery 4hBinanceevery 4hHyperliquidevery 1hBybitevery 4hBitgetevery 4hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0032%/h
widest spread
0.0116%/h
06.11 00:00 UTC · Binance ↔ Hyperliquid
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter short before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a short here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.