Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: GRVT against Pacifica0.000%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 GRVT

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 · GRVT: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ZK	0.01179	0.0100	pay 0.0013% / 1h	31m 27s	$30K	$3K	5x
Short	GRVT ZK_USDT_Perp	0.01179	0.0100	get 0.0050% / 4h	31m 27s	$154K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$17
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; GRVT: 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 GRVT live order book, 2 min ago	8.48 bp	43.5 bp −$43	69.6 bp −$696	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	−0.0011%	4h	0.01178	−0.093%	$983K	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.763%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0076%	4h	0.01181	+0.144%	$214K	$25K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01181	+0.187%	$129K	$166K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01180	+0.119%	$599K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01180	+0.121%	$37K	$19K	10x	as long as short
Pacifica ZKlong	+0.0100%	1h	0.01179	long leg	$30K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01179	−0.021%	$4.8M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01179	−0.042%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01180	+0.085%	$322K	$245K	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	0.01178	−0.085%	$987K	$1.1M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01180	+0.085%	$1.5M	$859K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01179	−0.017%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01176	−0.232%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perpshort	+0.0100%	4h	0.01179	0.000%	$154K	$2.8M	10x
ApeX Omni ZKUSDT	+0.0100%	1h	0.01181	+0.170%	$9K	$628K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1408%	1h	0.01182	+0.241%	$195K	$44K	25x	as long as short