Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0241%/8h= +26.4% APRpaid last 24h +0.015%

Price spread now: Pacifica against OKX−0.009%7-day average — · you buy dearer than you sell

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

Long on OKX 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZK-USDT-SWAP	0.01158	−0.0141	get 0.0070% / 4h	2h 31m	$982K	$2.1M	20x
Short	Pacifica ZK	0.01158	0.0100	get 0.0013% / 1h	31m 15s	$28K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against OKX. 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 OKXbpFee PacificabpOrdersPrice spread, now −0.009%Rate

Funding earned: $50.6
Price spread: −0.009% → 0.000%: −$0.86
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $31.74
Costs to cover: 0.180%
Break-even: 2.6 days

Slippage unknown: OKX: live order book, 6 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 OKX live order book, 6 min ago	3.02 bp	20.3 bp −$20	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-SWAPlong	−0.0141%	4h	0.01158	long leg	$982K	$2.1M	20x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+1.054%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01159	+0.138%	$125K	$190K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01159	+0.069%	$579K	$175K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01159	+0.104%	$31K	$21K	10x	as long as short
Pacifica ZKshort	+0.0100%	1h	0.01158	−0.009%	$28K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01159	+0.086%	$4.8M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01158	+0.009%	$5.0M	$2.3M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01160	+0.190%	$296K	$258K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01157	−0.069%	$952K	$1.5M	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	0.01158	+0.017%	$1.4M	$848K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01158	+0.060%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01160	+0.222%	$56K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01158	+0.055%	$160K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01160	+0.190%	$8K	$624K	50x	as long as short
BloFin ZK-USDT	+0.0144%	4h	0.01164	+0.544%	$213K	$20K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1285%	1h	0.01160	+0.225%	$190K	$35K	25x	as long as short