ZK

Alert

Funding spread now, next payment 18:00 UTC−0.2056%/8h

next payment, per $10,000−$2.57paid, last 24h−0.567%paid, last 5 days−1.340%to open and closeno order book

Long on Kraken Futures Short on Pacifica

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZKUSD	0.01173	0.2156	pay 0.0269% / 1h	57m 39s	$195K	$38K	25x
Short	Pacifica ZK	0.01170	0.0100	get 0.0013% / 1h	57m 39s	$29K	$3K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee PacificabpOrdersRate

Funding earned: −$431.67
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$449.67
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 46 min ago; Pacifica: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.254%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Kraken Futures live order book, 46 min ago	41.85 bp	102.4 bp −$102	16905.9 bp −$169.1K	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 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ZK/USDC PERP	+0.0033%	1h	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	$115K	$143K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	$571K	$270K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	$31K	$34K	10x	as long as short
Pacifica ZKshort	+0.0100%	1h	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	$4.7M	$10.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	$5.0M	$2.9M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	$966K	$2.5M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	$328K	$281K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	$1.0M	$1.1M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	$1.5M	$973K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	$57K	$20K	—	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	$8K	$613K	50x	as long as short
BloFin ZK-USDT	+0.0130%	4h	$221K	$50K	75x	as long as short
Kraken Futures PF_ZKUSDlong	+0.2156%	1h	$195K	$38K	25x