Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%

Price spread now: ApeX Omni against GRVT0.000%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$950.949% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)+0.279%+$28 · spread now 0.000%, 7d avg +0.058%

Together, before fees+0.269%+ Points / potential airdropGRVT: Active · farm board+$27 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: ApeX Omni is 0.058% cheaper against GRVT than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ZK_USDT_Perp	0.01166	0.0100	pay 0.0050% / 4h	2h 25m	$160K	$2.9M	10x
Short	ApeX Omni ZKUSDT	0.01166	0.0100	get 0.0013% / 1h	25m 48s	$8K	$622K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GRVT. 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 GRVTbpFee ApeX OmnibpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.058%: −$5.85
Slippage, 4 orders: −$75.86
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$100.71
Costs to cover: 0.949%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; ApeX Omni: live order book, 62 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 GRVT live order book, 3 min ago	4.28 bp	20.5 bp −$21	147.6 bp −$1,476	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 62 min ago	8.52 bp	34.4 bp −$34	doesn't fit	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
Lighter ZK	+0.0096%	1h	0.01171	+0.429%	$119K	$159K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01171	+0.386%	$587K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01169	+0.268%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01169	+0.266%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01169	+0.266%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01168	+0.180%	$5.0M	$2.7M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01168	+0.146%	$951K	$2.3M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01168	+0.172%	$317K	$256K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01169	+0.257%	$991K	$958K	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	0.01169	+0.257%	$1.5M	$852K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01168	+0.214%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01165	−0.047%	$57K	$20K	—	as long as short
GRVT ZK_USDT_Perplong	+0.0100%	4h	0.01166	long leg	$160K	$2.9M	10x
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01166	0.000%	$8K	$622K	50x
BloFin ZK-USDT	+0.0115%	4h	0.01168	+0.214%	$212K	$35K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1488%	1h	0.01173	+0.568%	$194K	$44K	25x	as long as short