Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: GRVT against ApeX Omni0.000%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$890.894% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)−0.139%−$14 · spread now 0.000%, 7d avg −0.052%

Together, before fees−0.122%+ Points / potential airdropGRVT: Active · farm board−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.052% dearer against ApeX Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZKUSDT	0.01178	0.0100	pay 0.0013% / 1h	10m 53s	$9K	$623K	50x
Short	GRVT ZK_USDT_Perp	0.01178	0.0100	get 0.0050% / 4h	3h 10m	$164K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against ApeX Omni. 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 ApeX OmnibpFee GRVTbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.052%: $5.23
Slippage, 4 orders: −$70.39
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$84.16
Costs to cover: 0.894%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 62 min ago; GRVT: live order book, 3 min ago.

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 ApeX Omni live order book, 62 min ago	12.74 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	4.24 bp	13.1 bp −$13	61.0 bp −$610	doesn't fit	doesn't fit

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	−0.0110%	4h	0.01179	+0.085%	$1.0M	$2.3M	20x	as long as short
Bybit ZKUSDT	−0.0095%	4h	0.01179	+0.068%	$5.0M	$2.6M	25x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.679%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01180	+0.161%	$131K	$173K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01182	+0.306%	$586K	$242K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01179	+0.125%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01178	−0.034%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01180	+0.204%	$4.8M	$9.4M	75x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01180	+0.170%	$332K	$241K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01177	−0.085%	$979K	$1.2M	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	0.01179	+0.085%	$1.5M	$846K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01179	+0.110%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01177	−0.084%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perpshort	+0.0100%	4h	0.01178	0.000%	$164K	$2.7M	10x
ApeX Omni ZKUSDTlong	+0.0100%	1h	0.01178	long leg	$9K	$623K	50x
BloFin ZK-USDT	+0.0113%	4h	0.01180	+0.136%	$215K	$22K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1362%	1h	0.01180	+0.141%	$194K	$43K	25x	as long as short