Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Pacifica against Bybit−0.008%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 6 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKUSDT	0.01197	0.0100	pay 0.0050% / 4h	1h 57m	$5.2M	$2.5M	25x
Short	Pacifica ZK	0.01197	0.0100	get 0.0013% / 1h	57m 11s	$29K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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 BybitbpFee PacificabpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → 0.000%: −$0.84
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$19.84
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	4.17 bp	27.3 bp −$27	117.7 bp −$1,177	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 exchanges

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 PERP	+0.0033%	1h	0.01170	−2.272%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0052%	4h	0.01198	+0.050%	$214K	$26K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01200	+0.209%	$130K	$180K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01198	+0.050%	$594K	$168K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01198	+0.087%	$33K	$20K	10x	as long as short
Pacifica ZKshort	+0.0100%	1h	0.01197	−0.008%	$29K	$2K	5x
Binance ZKUSDT	+0.0100%	4h	0.01198	+0.084%	$4.9M	$7.8M	75x	as long as short
Bybit ZKUSDTlong	+0.0100%	4h	0.01197	long leg	$5.2M	$2.5M	25x
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01197	−0.017%	$1.0M	$2.2M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01198	+0.067%	$305K	$264K	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01197	−0.017%	$967K	$1.8M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01198	+0.067%	$1.5M	$876K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01198	+0.058%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01196	−0.140%	$58K	$5K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01198	+0.097%	$160K	$2.0M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01198	+0.067%	$8K	$637K	50x	as long as short
Kraken Futures PF_ZKUSD	+4.0087%	1h	0.01196	−0.066%	$208K	$49K	25x	as long as short