Settings8H · net · $10k
Funding arb · Price arb /

ZK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: GRVT against Gate+0.045%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1171.171% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.301%−$30 · spread now +0.045%, 7d avg +0.044%
Together, before fees−0.304%+ Points / potential airdropGRVT: Active · farm board−$30 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ZK_USDT0.011890.0100pay 0.0100% / 8h5h 31m$303K$270K50x
ShortGRVT ZK_USDT_Perp0.011900.0100get 0.0050% / 4h1h 31m$161K$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Gate. 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

Funding earned
$0
Price spread: +0.045% → +0.044%
$0.12
Slippage, 4 orders
−$93.14
Fee Gate: 7.5 bp × 2 orders
−$15
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$117.02
Costs to cover
1.171%
Break-even
never at this rate
Slippage from Gate: live order book, 12 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 12 min ago8.35 bp36.6 bp −$37doesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 5 min ago8.38 bp15.2 bp −$1557.6 bp −$576doesn't fitdoesn't fit

ZK on 17 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZK/USDC PERP+0.0033%1h0.01170−1.598%$2K$31K5.5xas long as short
BloFin ZK-USDT+0.0074%4h0.01188−0.059%$213K$27K75xas long as short
Lighter ZK+0.0096%1h0.01191+0.177%$129K$181K8xas long as short
Hyperliquid ZK+0.0100%1h0.01191+0.168%$589K$171K5xas long as short
Aster ZKUSDT+0.0100%4h0.01190+0.084%$33K$20K10xas long as short
Pacifica ZK+0.0100%1h0.01191+0.168%$29K$2K5xas long as short
Binance ZKUSDT+0.0100%4h0.01190+0.044%$4.9M$7.8M75xas long as short
Bybit ZKUSDT+0.0100%4h0.01189−0.008%$5.1M$2.5M25xas long as short
OKX ZK-USDT-SWAP+0.0100%4h0.01188−0.042%$997K$2.1M20xas long as short
Gate ZK_USDTlong+0.0100%8h0.01189long leg$303K$270K50x
Show all 17 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZKUSDTM+0.0100%4h0.011890.000%$960K$1.8M50xas long as short
Bitget ZKUSDT+0.0100%4h0.01190+0.084%$1.5M$868K75xas long as short
BingX ZK-USDT+0.0100%4h0.01189+0.025%$6.6Mas long as short
Variational Omni ZK+0.0100%4h0.01191+0.155%$58K$4Kas long as short
GRVT ZK_USDT_Perpshort+0.0100%4h0.01190+0.045%$161K$1.9M10x
ApeX Omni ZKUSDT+0.0100%1h0.01192+0.252%$8K$634K50xas long as short
Kraken Futures PF_ZKUSD+4.0359%1h0.01188−0.056%$209K$54K25xas long as short