Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against KuCoin+0.050%46s7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.050% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	KuCoin ZKUSDTM	0.01192	0.0100	pay 0.0050% / 4h	1h 22m	$978K	$1.6M	50x
Short	Pacifica ZK	0.01193	0.0100	get 0.0013% / 1h	22m 46s	$29K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. 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 KuCoinbpFee PacificabpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → 0.000%: $5.03
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$14.97
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	8.38 bp	120.6 bp −$121	236.1 bp −$2,361	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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.846%	$2K	$31K	5.5x	as long as short
OKX ZK-USDT-SWAP	+0.0049%	4h	0.01192	−0.017%	$1.0M	$2.2M	20x	as long as short
BloFin ZK-USDT	+0.0068%	4h	0.01198	+0.487%	$217K	$19K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01193	+0.109%	$132K	$197K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01194	+0.134%	$592K	$171K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01193	+0.102%	$32K	$22K	10x	as long as short
Pacifica ZKshort	+0.0100%	1h	0.01193	+0.050%	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01193	+0.062%	$4.9M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01193	+0.050%	$5.2M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01193	+0.084%	$306K	$261K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01192	long leg	$978K	$1.6M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01193	+0.084%	$1.5M	$881K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01193	+0.101%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01188	−0.370%	$58K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01184	−0.710%	$164K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01180	−1.007%	$8K	$628K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1619%	1h	0.01196	+0.341%	$204K	$41K	25x	as long as short