Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Pacifica against Bybit+0.051%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 5 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 0.051% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKUSDT	0.01172	0.0100	pay 0.0050% / 4h	2h 30m	$5.0M	$2.6M	25x
Short	Pacifica ZK	0.01173	0.0100	get 0.0013% / 1h	30m 26s	$29K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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 BybitbpFee PacificabpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → 0.000%: $5.12
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$13.88
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	2.98 bp	19.5 bp −$20	73.9 bp −$739	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 16 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	−0.0190%	4h	0.01172	−0.026%	$1.0M	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.205%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01175	+0.196%	$131K	$176K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01174	+0.162%	$583K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01174	+0.119%	$36K	$19K	10x	as long as short
Pacifica ZKshort	+0.0100%	1h	0.01173	+0.051%	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01173	+0.034%	$4.8M	$9.1M	75x	as long as short
Bybit ZKUSDTlong	+0.0100%	4h	0.01172	long leg	$5.0M	$2.6M	25x
Gate ZK_USDT	+0.0100%	8h	0.01173	+0.051%	$327K	$238K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01172	−0.034%	$974K	$1.2M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01172	−0.034%	$1.5M	$856K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01173	+0.034%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01172	−0.003%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01171	−0.132%	$161K	$2.6M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01172	−0.034%	$9K	$625K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.0735%	1h	0.01177	+0.356%	$193K	$43K	25x	as long as short