Funding arb · Price arb /

ZK

all ZK markets

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 Binance−0.088%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$800.802% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days+0.206%+$21 · spread now −0.088%, 7d avg +0.061%

Together, before fees+0.208%+ Points / potential airdropGRVT: Active · farm board+$21 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 0.149% cheaper against Binance than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKUSDT	0.01166	0.0100	pay 0.0050% / 4h	1h 43m	$4.7M	$9.9M	75x
Short	GRVT ZK_USDT_Perp	0.01165	0.0100	get 0.0050% / 4h	1h 43m	$160K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Binance. 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 BinancebpFee GRVTbpOrdersPrice spread, now −0.088%Rate

Funding earned: $0
Price spread: −0.088% → +0.061%: −$14.87
Slippage, 4 orders: −$61.22
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$95.09
Costs to cover: 0.802%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; GRVT: live order book, 5 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 Binance live order book, 11 min ago	1.29 bp	17.9 bp −$18	64.8 bp −$648	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	4.30 bp	17.6 bp −$18	66.8 bp −$668	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	−0.0005%	4h	0.01163	−0.234%	$943K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.341%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01168	+0.143%	$119K	$156K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01167	+0.049%	$585K	$236K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01166	−0.037%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01165	−0.054%	$29K	$3K	5x	as long as short
Binance ZKUSDTlong	+0.0100%	4h	0.01166	long leg	$4.7M	$9.9M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01165	−0.071%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01164	−0.174%	$315K	$244K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01165	−0.088%	$987K	$966K	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	0.01166	−0.002%	$1.5M	$856K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01165	−0.080%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01161	−0.419%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perpshort	+0.0100%	4h	0.01165	−0.088%	$160K	$2.9M	10x
ApeX Omni ZKUSDT	+0.0100%	1h	0.01165	−0.088%	$8K	$622K	50x	as long as short
BloFin ZK-USDT	+0.0120%	4h	0.01162	−0.388%	$211K	$24K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1293%	1h	0.01169	+0.287%	$194K	$43K	25x	as long as short