Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Hyperliquid against Pacifica+0.103%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.103% dearer against Pacifica than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ZK	0.01166	0.0100	pay 0.0013% / 1h	28m 40s	$29K	$3K	5x
Short	Hyperliquid ZK	0.01168	0.0100	get 0.0013% / 1h	28m 40s	$586K	$238K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → 0.000%: $10.29
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$6.71
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Hyperliquid: live order book, 56 min ago. 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 Hyperliquid live order book, 56 min ago	1.70 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit

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	+0.309%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0041%	4h	0.01166	0.000%	$211K	$35K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01168	+0.146%	$119K	$159K	8x	as long as short
Hyperliquid ZKshort	+0.0100%	1h	0.01168	+0.103%	$586K	$238K	5x
Aster ZKUSDT	+0.0100%	4h	0.01166	−0.012%	$36K	$19K	10x	as long as short
Pacifica ZKlong	+0.0100%	1h	0.01166	long leg	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01166	+0.003%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01166	−0.069%	$5.0M	$2.7M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01165	−0.146%	$950K	$2.3M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01166	−0.034%	$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	0.01166	−0.034%	$990K	$957K	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01166	−0.034%	$1.5M	$851K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01166	−0.017%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01165	−0.082%	$57K	$20K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01166	−0.034%	$160K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01166	−0.034%	$8K	$622K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1490%	1h	0.01171	+0.418%	$194K	$44K	25x	as long as short