Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Binance−0.051%7-day average — · you buy dearer than you sell

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

Long on Binance 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 0.051% cheaper against Binance than usual: you would sell low and buy high, −$5 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	Binance ZKUSDT	0.01184	0.0100	pay 0.0050% / 4h	3h 50m	$4.9M	$8.2M	75x
Short	Pacifica ZK	0.01183	0.0100	get 0.0013% / 1h	50m 43s	$30K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → 0.000%: −$5.14
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$23.14
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: 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 Binance live order book, 3 min ago	4.22 bp	23.8 bp −$24	86.9 bp −$869	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	+0.0011%	4h	0.01181	−0.195%	$1.0M	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.158%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01184	+0.050%	$136K	$181K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01184	+0.041%	$590K	$188K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01184	+0.062%	$32K	$21K	10x	as long as short
Pacifica ZKshort	+0.0100%	1h	0.01183	−0.051%	$30K	$3K	5x
Binance ZKUSDTlong	+0.0100%	4h	0.01184	long leg	$4.9M	$8.2M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01182	−0.119%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01184	+0.025%	$326K	$241K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01183	−0.060%	$977K	$1.4M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01182	−0.144%	$1.5M	$843K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01183	−0.094%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01183	−0.077%	$58K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01188	+0.365%	$162K	$2.4M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01187	+0.278%	$8K	$619K	50x	as long as short
BloFin ZK-USDT	+0.0118%	4h	0.01186	+0.168%	$218K	$21K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1324%	1h	0.01187	+0.300%	$195K	$38K	25x	as long as short