Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Pacifica−0.025%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on BingX

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: BingX is 0.025% cheaper against Pacifica than usual: you would sell low and buy high, −$3 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	Pacifica ZK	0.01178	0.0100	pay 0.0013% / 1h	42m 42s	$29K	$3K	5x
Short	BingX ZK-USDT	0.01178	0.0100	get 0.0050% / 4h	3h 42m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Pacifica. 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 PacificabpFee BingXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → 0.000%: −$2.55
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$20.55
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; BingX: live order book, 5 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	3.82 bp	19.3 bp −$19	47.6 bp −$476	362.9 bp −$36.3K	716.8 bp −$358.4K

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	−0.0087%	4h	0.01176	−0.153%	$1.0M	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.679%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0074%	4h	0.01177	−0.068%	$215K	$22K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01179	+0.102%	$131K	$173K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01179	+0.068%	$599K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01180	+0.138%	$37K	$19K	10x	as long as short
Pacifica ZKlong	+0.0100%	1h	0.01178	long leg	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01177	−0.073%	$4.8M	$9.7M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01177	−0.051%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01178	0.000%	$331K	$240K	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	0.01177	−0.085%	$983K	$1.1M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01177	−0.085%	$1.5M	$865K	75x	as long as short
BingX ZK-USDTshort	+0.0100%	4h	0.01178	−0.025%	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01177	−0.096%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01179	+0.112%	$152K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01177	−0.085%	$9K	$627K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1360%	1h	0.01181	+0.265%	$194K	$44K	25x	as long as short