Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.3% APRpaid last 24h +0.001%

Price spread now: BloFin against Pacifica−0.186%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 BloFin

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.186% cheaper against Pacifica than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ZK	0.01185	0.0100	pay 0.0013% / 1h	2m 53s	$30K	$3K	5x
Short	BloFin ZK-USDT	0.01183	0.0051	get 0.0026% / 4h	2m 53s	$214K	$24K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.186%Rate

Funding earned: −$10.19
Price spread: −0.186% → 0.000%: −$18.56
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$48.75
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; BloFin: live order book, 2 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 BloFin live order book, 2 min ago	0.42 bp	17.7 bp −$18	50.0 bp −$500	doesn't fit	doesn't fit

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	−0.0059%	4h	0.01183	−0.169%	$1.0M	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.274%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDTshort	+0.0051%	4h	0.01183	−0.186%	$214K	$24K	75x
Lighter ZK	+0.0096%	1h	0.01186	+0.101%	$129K	$169K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01186	+0.076%	$602K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01185	+0.011%	$37K	$19K	10x	as long as short
Pacifica ZKlong	+0.0100%	1h	0.01185	long leg	$30K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01185	−0.017%	$4.8M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01183	−0.160%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01185	−0.008%	$333K	$253K	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	0.01184	−0.093%	$992K	$1.1M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01184	−0.093%	$1.5M	$865K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01184	−0.110%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01178	−0.621%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01183	−0.166%	$163K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01181	−0.346%	$9K	$628K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1400%	1h	0.01188	+0.283%	$196K	$44K	25x	as long as short