Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Bybit against Pacifica+0.076%7-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 Bybit

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: Bybit is 0.076% dearer against Pacifica than usual: you sell high and buy low, +$8 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	Pacifica ZK	0.01177	0.0100	pay 0.0013% / 1h	33m 11s	$29K	$3K	5x
Short	Bybit ZKUSDT	0.01178	0.0100	get 0.0050% / 4h	1h 33m	$5.1M	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → 0.000%: $7.65
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$11.35
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	3.40 bp	28.9 bp −$29	94.0 bp −$940	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	+0.0009%	4h	0.01177	+0.051%	$1.0M	$2.1M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.569%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01179	+0.229%	$130K	$197K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01179	+0.204%	$585K	$175K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01178	+0.112%	$31K	$21K	10x	as long as short
Pacifica ZKlong	+0.0100%	1h	0.01177	long leg	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01178	+0.127%	$4.9M	$8.0M	75x	as long as short
Bybit ZKUSDTshort	+0.0100%	4h	0.01178	+0.076%	$5.1M	$2.4M	25x
Gate ZK_USDT	+0.0100%	8h	0.01177	+0.025%	$301K	$260K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01177	+0.025%	$968K	$1.6M	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	0.01178	+0.110%	$1.4M	$893K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01178	+0.093%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01174	−0.192%	$57K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01176	−0.083%	$163K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01177	+0.025%	$8K	$627K	50x	as long as short
BloFin ZK-USDT	+0.0126%	4h	0.01178	+0.093%	$213K	$19K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1635%	1h	0.01184	+0.626%	$202K	$41K	25x	as long as short