Squeeze Insights Lab
All Pairs

ZK/USDT

Last updated: 9/15/2026, 3:58:19 AM

LOW RISK

Market calm across metrics

Stress Score (Normalized)
0.0080–1
1.0
Low RiskExtreme

Pulse signals— velocity & rarity composite

What's moving fast right now. Independent from the static stress score.

View timeline →
Pulse score (0–1)
0.307
Higher = inputs are simultaneously rare for this token and changing fast.
OI Δ 24h
-2.1%
OI Δ 7d
-23.1%
OI acceleration
-5.0%
ΔFunding 24h
-0.006%
|Funding| %ile
4
Vol compression
71
Volume spike
0
Perp basis
-0.168%

Stress-score timeline

StressPulse
00.5106-1807-0607-2408-1008-2809-15
DBSdrove the last 7d change(-0.15 score)
2026-06-182026-09-15 · daily snapshots since tracking begangaps = days without a valid score

Recent track record

18/40 correct

This pair's high-conviction direction calls over the last 30 days — recorded before the outcome, graded after. Small sample: a recent record, not a statistic.

1d · 8/173d · 6/147d · 4/9
2026-09-141d▼ DN-1.0%
2026-09-131d▼ DN-0.3%
2026-09-121d▼ DN+0.8%
2026-09-123d▼ DN-0.5%
2026-09-111d▼ DN+0.7%
2026-09-113d▼ DN+1.2%
2026-09-101d▼ DN-2.5%
2026-09-103d▼ DN-1.0%
2026-09-091d▼ DN-4.9%
2026-09-093d▼ DN-6.6%

Aggregated Open Interest (All Exchanges)

Total OI
$7.83M
Binance
$3.64M
46.4%
Bybit
$3.45M
44.0%
KuCoin
$746.64K
9.5%
Market Cap
$94.83M
Market Cap / Aggregated OI
$94.83M / $7.83M= 12.1066

Risk Signals (Extra)

OI / Volume (24h)
2.404
Level: high
Exchange OI Dominance
binance
Share: 46.4%
No dominance risk

Liquidation history

Long-side 77% of 30d liqstoday: 21st percentile of 90d
$139.7K$76.0K$006-1807-0607-2408-1008-2809-15
Long liqs (above) Short liqs (below)

Positioning summary

Binance's top traders by position size are 71.3% long and 28.7% short in ZKUSDT, a long/short ratio of 2.49. All accounts on the venue sit at 55.1% long, so the largest positions are leaning further long than the crowd. ZK has no Hyperliquid whale book, so these venue-wide ratios stand in for it; the interactive panel below reloads them on its own.

Interval:

Open Interest

Coinalyze
Latest
$3.64M
ΔOI
-$9.51K

Funding Rate

Coinalyze
Latest
0.0050%
Points
24
Per-exchange futures data
MetricBinanceBybitKuCoin
Price$0.009504$0.009504$0.009504
OI (USD)$3.64M$3.45M$746.64K
OI share46.4%44.0%9.5%
OI (tokens)382,715,817362,913,00578,560,930
Funding rate-0.0006%

A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.

External Data (CoinMarketCap & Coinalyze)

Market Cap
$94.83M
24h Liquidations
$2.34K
Token Symbol
ZK
Sources
CMC, Coinalyze

ZK sits in the BTC-trackers cohort — the group our direction model routes it through. These perpetuals share that behaviour, so their leverage tends to build and unwind the way ZK's does:

Stress score (0–1) and 24h price change, from the same daily sync as this page.

ZK perpetuals — common questions

Answered from this pair's current readings, refreshed with the daily sync.

What are ZK's current liquidation levels?

Across the exchanges we aggregate, $2.3K of ZK positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for ZKUSDT is the realised liquidation flow above plus the long/short split in the liquidation-history chart on this page — not a map of where stops sit.

How much open interest does ZK have right now?

Aggregated open interest in ZK perpetuals is $7.83M: $3.64M on Binance (46%), $3.45M on Bybit (44%) and $746.6K on KuCoin (10%). That position base is -2.1% over 24 hours and -23.1% over the last week. Open interest is 2.40× the pair's 24-hour volume, so positions are being held rather than churned.

What is ZK's funding rate?

Binance settles ZKUSDT funding at -0.0006% every 8 hours, which annualises to roughly -0.6%. Funding is negative, so shorts are paying longs — the crowd is leaning short and paying to stay there. At that rate a $10,000 position on the short side pays about $0.18 a day to stay open.

Is ZK over-leveraged right now?

ZK's leverage-stress score is 0.008 out of 1.0, which we band as low risk. It blends three readings: how big the perp book is next to the token itself ($94.83M of market cap against $7.83M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($2.3K in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.

Has ZK seen heavy liquidations lately?

Over the last 30 complete days, 77% of the ZK notional that got liquidated was long positions and 23% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 21st percentile of the last 90 days, meaning today is unusually quiet for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.

Is ZK's positioning changing quickly?

ZK's pulse score is 0.298 out of 1.0 — a measure of how unusual its current open-interest, funding and volatility moves are against its own 90-day history, kept deliberately separate from the stress score. The readings behind it right now: open interest -2.1% in a day and an unusually tight trading range. At this level nothing unusual is happening yet.

ZK/USDT (ZKUSDT) perpetual futures shows a leverage-stress score of 0.008 out of 1.0 (low risk), $7.83M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of -0.0006% as of Sep 15, 2026. These are diagnostic readings of market conditions, not a trade signal.