Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Hyperliquid against Pacifica+0.110%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.110% dearer against Pacifica than usual: you sell high and buy low, +$11 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	0.01180	0.0100	pay 0.0013% / 1h	22m 24s	$30K	$3K	5x
Short	Hyperliquid ZK	0.01181	0.0100	get 0.0013% / 1h	22m 24s	$588K	$220K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.110%Rate

Funding earned: $0
Price spread: +0.110% → 0.000%: $11.02
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$5.98
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Hyperliquid: live order book, 17 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 Hyperliquid live order book, 17 min ago	1.71 bp	16.0 bp −$16	doesn't fit	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	−0.0036%	4h	0.01180	−0.008%	$1.0M	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.856%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01182	+0.136%	$136K	$182K	8x	as long as short
Hyperliquid ZKshort	+0.0100%	1h	0.01181	+0.110%	$588K	$220K	5x
Aster ZKUSDT	+0.0100%	4h	0.01180	+0.016%	$32K	$20K	10x	as long as short
Pacifica ZKlong	+0.0100%	1h	0.01180	long leg	$30K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01180	+0.008%	$4.9M	$8.6M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01180	−0.042%	$5.1M	$2.5M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01179	−0.093%	$328K	$234K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01179	−0.093%	$980K	$1.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01179	−0.093%	$1.5M	$836K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01180	−0.017%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01171	−0.736%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01174	−0.496%	$155K	$2.5M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01176	−0.347%	$9K	$621K	50x	as long as short
BloFin ZK-USDT	+0.0141%	4h	0.01177	−0.263%	$217K	$20K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1590%	1h	0.01183	+0.234%	$194K	$39K	25x	as long as short