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 Bitget−0.086%93s7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1001.000% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days+0.137%+$14 · spread now −0.086%, 7d avg +0.018%

Together, before fees+0.111%+ Points / potential airdropGRVT: Active · farm board+$11 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 0.104% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKUSDT	0.01166	0.0100	pay 0.0050% / 4h	1h 39m	$1.5M	$856K	75x
Short	GRVT ZK_USDT_Perp	0.01165	0.0100	get 0.0050% / 4h	1h 39m	$160K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bitget. 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 BitgetbpFee GRVTbpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → +0.018%: −$10.36
Slippage, 4 orders: −$79.03
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$110.39
Costs to cover: 1.000%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; GRVT: live order book, 4 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 Bitget live order book, 2 min ago	4.29 bp	22.4 bp −$22	60.2 bp −$602	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	8.57 bp	16.0 bp −$16	99.6 bp −$996	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	−0.0006%	4h	0.01165	−0.086%	$943K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.343%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0052%	4h	0.01166	−0.026%	$211K	$25K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01168	+0.172%	$119K	$157K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01167	+0.077%	$585K	$236K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01167	+0.107%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01165	−0.051%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01166	−0.014%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01165	−0.060%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01167	+0.086%	$315K	$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	0.01165	−0.086%	$988K	$968K	50x	as long as short
Bitget ZKUSDTlong	+0.0100%	4h	0.01166	long leg	$1.5M	$856K	75x
BingX ZK-USDT	+0.0100%	4h	0.01166	−0.034%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01166	−0.037%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perpshort	+0.0100%	4h	0.01165	−0.086%	$160K	$2.9M	10x
ApeX Omni ZKUSDT	+0.0100%	1h	0.01165	−0.086%	$8K	$622K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1294%	1h	0.01169	+0.243%	$194K	$43K	25x	as long as short