ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.017%

Price spread now: Injective against Pacifica+0.464%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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Injective is 0.464% dearer against Pacifica than usual: you sell high and buy low (spread +0.464% now, against zero (this spread has no 7-day history yet)): +$46 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ZK	0.01165	0.0100	pay 0.0013% / 1h	50m 33s	$29K	$3K	5x
Short	Injective ZK/USDC PERP	0.01170	0.0033	get 0.0004% / 1h	50m 33s	$2K	$31K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.464%Rate

Funding earned: −$14
Price spread: +0.464% → 0.000%: $46.37
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $24.35
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Pacifica: no order-book sample; Injective: 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 Pacifica no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Pacifica and Injective: 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
Injective ZK/USDC PERPshort	+0.0033%	1h	0.01170	+0.464%	$2K	$31K	5.5x
BloFin ZK-USDT	+0.0067%	4h	0.01165	−0.009%	$213K	$35K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01167	+0.163%	$119K	$159K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01166	+0.120%	$585K	$235K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01165	+0.040%	$36K	$19K	10x	as long as short
Pacifica ZKlong	+0.0100%	1h	0.01165	long leg	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01165	+0.002%	$4.7M	$10.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01164	−0.034%	$5.0M	$2.7M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01164	−0.034%	$954K	$2.3M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01164	−0.052%	$316K	$256K	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	0.01164	−0.052%	$995K	$975K	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01165	+0.034%	$1.5M	$863K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01164	−0.026%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01163	−0.150%	$57K	$20K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01167	+0.208%	$154K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01166	+0.120%	$8K	$622K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1495%	1h	0.01167	+0.218%	$193K	$44K	25x	as long as short