Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.003%

Price spread now: Pacifica against BloFin−0.179%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 pays, the price is against you. Pacifica is 0.179% cheaper against BloFin than usual: you would sell low and buy high (spread −0.179% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 25 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZK-USDT	0.01176	0.0076	pay 0.0038% / 4h	3h 10m	$216K	$21K	75x
Short	Pacifica ZK	0.01174	0.0100	get 0.0013% / 1h	10m 51s	$29K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now −0.179%Rate

Funding earned: $4.96
Price spread: −0.179% → 0.000%: −$17.86
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$32.9
Costs to cover: 0.200%
Break-even: 53.4 days

Slippage unknown: BloFin: live order book, 10 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 BloFin live order book, 10 min ago	4.68 bp	15.7 bp −$16	50.6 bp −$506	doesn't fit	doesn't fit
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	−0.0039%	4h	0.01171	−0.374%	$995K	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.476%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDTlong	+0.0076%	4h	0.01176	long leg	$216K	$21K	75x
Lighter ZK	+0.0096%	1h	0.01174	−0.162%	$127K	$189K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01173	−0.221%	$586K	$188K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01174	−0.138%	$31K	$20K	10x	as long as short
Pacifica ZKshort	+0.0100%	1h	0.01174	−0.179%	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01172	−0.282%	$4.8M	$8.1M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01172	−0.323%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01171	−0.391%	$301K	$261K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01172	−0.306%	$964K	$1.4M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01172	−0.306%	$1.5M	$846K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01172	−0.306%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01171	−0.380%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01174	−0.136%	$159K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01176	+0.034%	$8K	$619K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1336%	1h	0.01176	+0.022%	$193K	$38K	25x	as long as short