Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h −0.001%

Price spread now: Pacifica against BloFin+0.060%7-day average — · you sell dearer than you buy

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

Long on BloFin 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 0.060% dearer against BloFin than usual: you sell high and buy low, +$6 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	BloFin ZK-USDT	0.01160	0.0105	pay 0.0053% / 4h	2h 05m	$212K	$24K	75x
Short	Pacifica ZK	0.01161	0.0100	get 0.0013% / 1h	5m 10s	$29K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now +0.060%Rate

Funding earned: −$1.13
Price spread: +0.060% → 0.000%: $6.03
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$15.1
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 10 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 BloFin live order book, 10 min ago	2.14 bp	13.0 bp −$13	35.8 bp −$358	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	+0.836%	$2K	$31K	5.5x	as long as short
OKX ZK-USDT-SWAP	+0.0072%	4h	0.01158	−0.181%	$942K	$2.3M	20x	as long as short
Lighter ZK	+0.0096%	1h	0.01161	+0.095%	$118K	$160K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01161	+0.052%	$582K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01162	+0.140%	$36K	$19K	10x	as long as short
Pacifica ZKshort	+0.0100%	1h	0.01161	+0.060%	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01159	−0.112%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01159	−0.147%	$4.9M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01159	−0.112%	$314K	$256K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01160	−0.026%	$983K	$964K	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	0.01161	+0.060%	$1.5M	$851K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01160	−0.043%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01159	−0.121%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01165	+0.405%	$154K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01163	+0.233%	$8K	$623K	50x	as long as short
BloFin ZK-USDTlong	+0.0105%	4h	0.01160	long leg	$212K	$24K	75x
Kraken Futures PF_ZKUSD	+0.1501%	1h	0.01162	+0.175%	$192K	$44K	25x	as long as short