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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: ApeX Omni against Pacifica+0.511%51s7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on ApeX Omni

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: ApeX Omni is 0.511% dearer against Pacifica than usual: you sell high and buy low, +$51 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ZK	0.01175	0.0100	pay 0.0013% / 1h	25m 50s	$29K	$3K	5x
Short	ApeX Omni ZKUSDT	0.01181	0.0100	get 0.0013% / 1h	25m 50s	$8K	$620K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now +0.511%Rate

Funding earned: $0
Price spread: +0.511% → 0.000%: $51.06
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $33.06
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Pacifica: no order-book sample; ApeX Omni: live order book, 27 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 27 min ago	16.85 bp	29.2 bp −$29	doesn't fit	doesn't fit	doesn't fit

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	−0.0048%	4h	0.01175	−0.034%	$1.0M	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.426%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0062%	4h	0.01177	+0.187%	$216K	$21K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01177	+0.145%	$135K	$181K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01177	+0.145%	$587K	$188K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01176	+0.089%	$32K	$20K	10x	as long as short
Pacifica ZKlong	+0.0100%	1h	0.01175	long leg	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01176	+0.085%	$4.9M	$8.1M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01175	−0.043%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01175	0.000%	$306K	$254K	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	0.01175	0.000%	$967K	$1.4M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01176	+0.085%	$1.5M	$838K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01175	+0.034%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01174	−0.070%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01179	+0.359%	$153K	$2.3M	10x	as long as short
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01181	+0.511%	$8K	$620K	50x
Kraken Futures PF_ZKUSD	+0.1334%	1h	0.01178	+0.269%	$194K	$38K	25x	as long as short