Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against BingX+0.112%47s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.112% dearer against BingX than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZK-USDT	0.01165	0.0100	pay 0.0050% / 4h	2h 42m	—	$6.7M	—
Short	Pacifica ZK	0.01166	0.0100	get 0.0013% / 1h	42m 58s	$29K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee PacificabpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → 0.000%: $11.16
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$6.84
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 min ago; Pacifica: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 4 min ago	3.42 bp	19.5 bp −$20	51.4 bp −$514	495.3 bp −$49.5K	762.1 bp −$381.1K
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZK on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZK-USDT-SWAP	−0.0079%	4h	0.01165	−0.017%	$991K	$2.1M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.429%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01166	+0.120%	$126K	$187K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01166	+0.069%	$583K	$173K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01166	+0.125%	$31K	$20K	10x	as long as short
Pacifica ZKshort	+0.0100%	1h	0.01166	+0.112%	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01165	+0.034%	$4.8M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01164	−0.060%	$5.0M	$2.3M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01167	+0.172%	$299K	$257K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01165	0.000%	$960K	$1.4M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01166	+0.086%	$1.5M	$842K	75x	as long as short
BingX ZK-USDTlong	+0.0100%	4h	0.01165	long leg	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01169	+0.321%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01169	+0.341%	$151K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01170	+0.429%	$8K	$623K	50x	as long as short
BloFin ZK-USDT	+0.0155%	4h	0.01167	+0.215%	$213K	$20K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1278%	1h	0.01166	+0.121%	$191K	$35K	25x	as long as short