Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0144%/8h= −15.7% APRpaid last 24h −0.015%

Price spread now: OKX against Pacifica−0.094%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 OKX

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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.094% cheaper against Pacifica than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ZK	0.01176	0.0100	pay 0.0013% / 1h	25m 29s	$29K	$3K	5x
Short	OKX ZK-USDT-SWAP	0.01175	−0.0044	pay 0.0022% / 4h	3h 25m	$1.0M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$30.14
Price spread: −0.094% → 0.000%: −$9.36
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$57.5
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; OKX: 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 OKX live order book, 2 min ago	4.26 bp	25.5 bp −$26	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-SWAPshort	−0.0044%	4h	0.01175	−0.094%	$1.0M	$2.2M	20x
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.485%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0062%	4h	0.01177	+0.128%	$216K	$21K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01177	+0.085%	$135K	$181K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01177	+0.077%	$587K	$188K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01176	+0.032%	$32K	$20K	10x	as long as short
Pacifica ZKlong	+0.0100%	1h	0.01176	long leg	$29K	$3K	5x
Binance ZKUSDT	+0.0100%	4h	0.01176	+0.008%	$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	−0.060%	$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	−0.060%	$967K	$1.4M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01176	+0.026%	$1.5M	$838K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01174	−0.119%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01174	−0.129%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01179	+0.299%	$153K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01179	+0.281%	$8K	$620K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1334%	1h	0.01178	+0.209%	$194K	$38K	25x	as long as short