ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%

Price spread now: Pacifica against Lighter+0.008%7-day average — · you sell dearer than you buy

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

Long on Lighter 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 airdropLighter: Season 3 · Pacifica: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZK	0.01205	0.0096	pay 0.0012% / 1h	58m 37s	$128K	$175K	8x
Short	Pacifica ZK	0.01205	0.0100	get 0.0013% / 1h	58m 37s	$30K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Lighter. 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 LighterbpFee PacificabpOrdersPrice spread, now +0.008%Rate

Funding earned: $0.84
Price spread: +0.008% → 0.000%: $0.83
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$6.33
Costs to cover: 0.080%
Break-even: 59.7 days

Slippage unknown: Lighter: live order book, 16 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 Lighter live order book, 16 min ago	8.27 bp	26.5 bp −$27	71.1 bp −$711	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	−2.880%	$2K	$31K	5.5x	as long as short
Lighter ZKlong	+0.0096%	1h	0.01205	long leg	$128K	$175K	8x
Hyperliquid ZK	+0.0100%	1h	0.01206	+0.141%	$597K	$163K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01205	+0.008%	$33K	$22K	10x	as long as short
Pacifica ZKshort	+0.0100%	1h	0.01205	+0.008%	$30K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01204	−0.050%	$5.0M	$7.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01203	−0.125%	$5.1M	$2.5M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01203	−0.166%	$1.0M	$2.1M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01205	+0.025%	$303K	$253K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01205	+0.025%	$977K	$1.7M	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	0.01205	+0.025%	$1.5M	$809K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01203	−0.116%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01208	+0.264%	$58K	$8K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01211	+0.523%	$162K	$2.1M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01210	+0.440%	$8K	$633K	50x	as long as short
BloFin ZK-USDT	+0.0151%	4h	0.01208	+0.299%	$216K	$26K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.4505%	1h	0.01213	+0.675%	$212K	$42K	25x	as long as short