ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.010%

Price spread now: Lighter against Pacifica+0.128%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.128% dearer against Pacifica than usual: you sell high and buy low, +$13 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	0.01169	0.0100	pay 0.0013% / 1h	47m 27s	$29K	$3K	5x
Short	Lighter ZK	0.01171	0.0096	get 0.0012% / 1h	47m 27s	$130K	$175K	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$0.84
Price spread: +0.128% → 0.000%: $12.83
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $3.99
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Pacifica: no order-book sample; Lighter: live order book, 2 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 Lighter live order book, 2 min ago	10.66 bp	11.6 bp −$12	55.8 bp −$558	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
Bybit ZKUSDT	−0.0247%	4h	0.01168	−0.060%	$5.0M	$2.6M	25x	as long as short
OKX ZK-USDT-SWAP	−0.0201%	4h	0.01166	−0.265%	$1.0M	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.086%	$2K	$31K	5.5x	as long as short
ApeX Omni ZKUSDT	+0.0092%	1h	0.01170	+0.086%	$9K	$626K	50x	as long as short
Lighter ZKshort	+0.0096%	1h	0.01171	+0.128%	$130K	$175K	8x
Hyperliquid ZK	+0.0100%	1h	0.01170	+0.051%	$581K	$240K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01170	+0.089%	$36K	$19K	10x	as long as short
Pacifica ZKlong	+0.0100%	1h	0.01169	long leg	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01169	−0.034%	$4.8M	$9.4M	75x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01169	0.000%	$329K	$233K	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	0.01168	−0.086%	$972K	$1.2M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01170	+0.086%	$1.5M	$877K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01168	−0.086%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01167	−0.131%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01172	+0.257%	$155K	$2.6M	10x	as long as short
BloFin ZK-USDT	+0.0147%	4h	0.01170	+0.111%	$216K	$22K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.0736%	1h	0.01174	+0.460%	$193K	$43K	25x	as long as short