Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Pacifica−0.034%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Gate

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: Gate is 0.034% cheaper against Pacifica than usual: you would sell low and buy high, −$3 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	0.01184	0.0100	pay 0.0013% / 1h	57m 18s	$30K	$3K	5x
Short	Gate ZK_USDT	0.01184	0.0100	get 0.0100% / 8h	7h 57m	$330K	$238K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → 0.000%: −$3.38
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$26.38
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Gate: live order book, 13 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 Gate live order book, 13 min ago	4.24 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	−0.0076%	4h	0.01183	−0.144%	$1.0M	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.216%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01186	+0.169%	$131K	$171K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01185	+0.084%	$602K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01185	+0.040%	$37K	$19K	10x	as long as short
Pacifica ZKlong	+0.0100%	1h	0.01184	long leg	$30K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01184	−0.025%	$4.8M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01183	−0.093%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDTshort	+0.0100%	8h	0.01184	−0.034%	$330K	$238K	50x
KuCoin ZKUSDTM	+0.0100%	4h	0.01183	−0.118%	$990K	$1.1M	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	0.01184	−0.034%	$1.5M	$866K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01184	−0.076%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01181	−0.254%	$58K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01185	+0.009%	$163K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01184	−0.034%	$9K	$627K	50x	as long as short
BloFin ZK-USDT	+0.0109%	4h	0.01183	−0.152%	$214K	$24K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1354%	1h	0.01187	+0.189%	$195K	$44K	25x	as long as short