Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Pacifica against ApeX Omni−0.212%7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Pacifica

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 · 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 0.212% cheaper against ApeX Omni than usual: you would sell low and buy high, −$21 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	ApeX Omni ZKUSDT	0.01177	0.0100	pay 0.0013% / 1h	33m 27s	$9K	$625K	50x
Short	Pacifica ZK	0.01175	0.0100	get 0.0013% / 1h	33m 27s	$29K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against ApeX Omni. 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 ApeX OmnibpFee PacificabpOrdersPrice spread, now −0.212%Rate

Funding earned: $0
Price spread: −0.212% → 0.000%: −$21.24
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$39.24
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 39 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 ApeX Omni live order book, 39 min ago	12.74 bp	22.7 bp −$23	doesn't fit	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
OKX ZK-USDT-SWAP	−0.0111%	4h	0.01174	−0.280%	$997K	$2.3M	20x	as long as short
Bybit ZKUSDT	+0.0007%	4h	0.01174	−0.229%	$5.0M	$2.6M	25x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.595%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0056%	4h	0.01175	−0.170%	$215K	$22K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01176	−0.042%	$131K	$173K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01176	−0.051%	$597K	$236K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01176	−0.109%	$37K	$19K	10x	as long as short
Pacifica ZKshort	+0.0100%	1h	0.01175	−0.212%	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01175	−0.184%	$4.8M	$9.5M	75x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01175	−0.170%	$330K	$240K	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	0.01174	−0.255%	$980K	$1.1M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01176	−0.085%	$1.5M	$850K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01174	−0.229%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01175	−0.173%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01176	−0.101%	$152K	$2.7M	10x	as long as short
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01177	long leg	$9K	$625K	50x
Kraken Futures PF_ZKUSD	+0.1365%	1h	0.01177	+0.026%	$194K	$44K	25x	as long as short