Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h −0.039%

Price spread now: Variational Omni against Pacifica−0.190%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 · Variational Omni: 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: Variational Omni is 0.190% cheaper against Pacifica than usual: you would sell low and buy high, −$19 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	0.01162	0.0100	pay 0.0013% / 1h	6m 16s	$29K	$3K	5x
Short	Variational Omni ZK	0.01160	0.0100	get 0.0050% / 4h	6m 16s	$57K	$20K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. 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 PacificabpFee Variational OmnibpOrdersPrice spread, now −0.190%Rate

Funding earned: $0
Price spread: −0.190% → 0.000%: −$18.97
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$26.97
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Variational Omni: 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 Pacifica no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Pacifica and Variational Omni: 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	+0.645%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0078%	4h	0.01162	0.000%	$215K	$41K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01164	+0.129%	$118K	$163K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01164	+0.138%	$576K	$239K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01163	+0.053%	$36K	$27K	10x	as long as short
Pacifica ZKlong	+0.0100%	1h	0.01162	long leg	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01162	−0.043%	$4.7M	$10.3M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01162	−0.069%	$5.0M	$2.7M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01162	−0.034%	$960K	$2.3M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01162	−0.043%	$316K	$272K	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	0.01163	+0.043%	$997K	$1.1M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01162	−0.043%	$1.5M	$890K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01162	−0.026%	—	$6.7M	—	as long as short
Variational Omni ZKshort	+0.0100%	4h	0.01160	−0.190%	$57K	$20K	—
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01164	+0.129%	$157K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01163	+0.043%	$8K	$618K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.0732%	1h	0.01165	+0.212%	$193K	$44K	25x	as long as short