Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against Aster+0.247%7-day average — · you sell dearer than you buy

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

Long on Aster Short on GRVT

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 airdropAster: Stage 5 · GRVT: 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: GRVT is 0.247% dearer against Aster than usual: you sell high and buy low, +$25 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	Aster ZKUSDT	0.01163	0.0100	pay 0.0050% / 4h	1h 51m	$36K	$19K	10x
Short	GRVT ZK_USDT_Perp	0.01166	0.0100	get 0.0050% / 4h	1h 51m	$154K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Aster. 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 AsterbpFee GRVTbpOrdersPrice spread, now +0.247%Rate

Funding earned: $0
Price spread: +0.247% → 0.000%: $24.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $7.74
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; GRVT: live order book, 3 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 Aster no order-book sample	—	—	—	—	—
Sell GRVT live order book, 3 min ago	4.29 bp	13.6 bp −$14	61.8 bp −$618	doesn't fit	doesn't fit

Aster: 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	+0.0002%	4h	0.01161	−0.170%	$943K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.613%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0075%	4h	0.01165	+0.217%	$211K	$24K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01164	+0.097%	$119K	$156K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01163	+0.037%	$584K	$235K	5x	as long as short
Aster ZKUSDTlong	+0.0100%	4h	0.01163	long leg	$36K	$19K	10x
Pacifica ZK	+0.0100%	1h	0.01162	−0.058%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01162	−0.056%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01162	−0.092%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01162	−0.075%	$314K	$244K	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	0.01162	−0.075%	$986K	$966K	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01162	−0.075%	$1.5M	$856K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01162	−0.049%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01164	+0.075%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perpshort	+0.0100%	4h	0.01166	+0.247%	$154K	$2.8M	10x
ApeX Omni ZKUSDT	+0.0100%	1h	0.01163	+0.011%	$8K	$621K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1298%	1h	0.01165	+0.211%	$193K	$43K	25x	as long as short