Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0047%/8h= −5.1% APRpaid last 24h +0.001%

Price spread now: Pacifica against BloFin−0.555%454s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Pacifica

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 Pacifica is 0.555% cheaper against BloFin than usual: you would sell low and buy high (−$56 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 454 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZK-USDT	0.01170	0.0147	pay 0.0073% / 4h	2h 41m	$216K	$22K	75x
Short	Pacifica ZK	0.01164	0.0100	get 0.0013% / 1h	41m 36s	$29K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now −0.555%Rate

Funding earned: −$9.82
Price spread: −0.555% → 0.000%: −$55.54
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$85.36
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 19 min ago; Pacifica: 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 BloFin live order book, 19 min ago	3.42 bp	17.2 bp −$17	44.9 bp −$449	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

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	−0.0215%	4h	0.01164	−0.573%	$1.0M	$2.4M	20x	as long as short
Bybit ZKUSDT	−0.0131%	4h	0.01163	−0.607%	$5.0M	$2.6M	25x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.026%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01165	−0.419%	$130K	$176K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01167	−0.316%	$579K	$240K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01167	−0.300%	$36K	$19K	10x	as long as short
Pacifica ZKshort	+0.0100%	1h	0.01164	−0.555%	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01164	−0.548%	$4.8M	$9.3M	75x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01166	−0.367%	$325K	$236K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01163	−0.624%	$969K	$1.2M	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	0.01163	−0.624%	$1.5M	$865K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01164	−0.564%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01166	−0.370%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01169	−0.120%	$155K	$2.6M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01170	−0.026%	$9K	$626K	50x	as long as short
BloFin ZK-USDTlong	+0.0147%	4h	0.01170	long leg	$216K	$22K	75x
Kraken Futures PF_ZKUSD	+0.0740%	1h	0.01169	−0.141%	$192K	$43K	25x	as long as short