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 +0.004%

Price spread now: GRVT against Bybit−0.089%90s7-day average +0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as 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−$1031.025% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days+0.196%+$20 · spread now −0.089%, 7d avg +0.100%

Together, before fees+0.249%+ Points / potential airdropGRVT: Active · farm board+$25 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 0.189% cheaper against Bybit than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.100%. The two prices were read 90 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	Bybit ZKUSDT	0.01166	0.0100	pay 0.0050% / 4h	2h 34m	$5.0M	$2.7M	25x
Short	GRVT ZK_USDT_Perp	0.01165	0.0100	get 0.0050% / 4h	2h 34m	$160K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bybit. 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 BybitbpFee GRVTbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → +0.100%: −$18.86
Slippage, 4 orders: −$82.53
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$121.39
Costs to cover: 1.025%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago	2.15 bp	20.7 bp −$21	62.0 bp −$620	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	4.29 bp	32.8 bp −$33	60.4 bp −$604	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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.343%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0082%	4h	0.01164	−0.146%	$211K	$35K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01168	+0.197%	$119K	$159K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01168	+0.172%	$586K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01168	+0.161%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01168	+0.172%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01167	+0.053%	$4.7M	$10.0M	75x	as long as short
Bybit ZKUSDTlong	+0.0100%	4h	0.01166	long leg	$5.0M	$2.7M	25x
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01166	−0.043%	$954K	$2.3M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01167	+0.086%	$316K	$256K	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	0.01167	+0.086%	$992K	$954K	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01166	0.000%	$1.5M	$853K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01167	+0.086%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01164	−0.171%	$57K	$20K	—	as long as short
GRVT ZK_USDT_Perpshort	+0.0100%	4h	0.01165	−0.089%	$160K	$2.9M	10x
ApeX Omni ZKUSDT	+0.0100%	1h	0.01165	−0.086%	$8K	$621K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1491%	1h	0.01170	+0.362%	$194K	$44K	25x	as long as short