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 +0.020%

Price spread now: Binance against GRVT+0.153%89s7-day average −0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as 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−$770.767% of the position

Long on GRVT Short on Binance

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−0.271%−$27 · spread now +0.153%, 7d avg −0.061%

Together, before fees−0.273%+ 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: Binance is 0.214% dearer against GRVT than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.061%. The two prices were read 89 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	GRVT ZK_USDT_Perp	0.01175	0.0100	pay 0.0050% / 4h	57m 59s	$161K	$2.8M	10x
Short	Binance ZKUSDT	0.01177	0.0100	get 0.0050% / 4h	57m 59s	$4.8M	$9.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.153%Rate

Funding earned: $0
Price spread: +0.153% → −0.061%: $21.36
Slippage, 4 orders: −$57.73
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$55.37
Costs to cover: 0.767%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; Binance: live order book, 12 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, 6 min ago	4.26 bp	29.7 bp −$30	133.2 bp −$1,332	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.28 bp	14.4 bp −$14	52.5 bp −$525	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	+0.0032%	4h	0.01177	+0.136%	$951K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.426%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01180	+0.391%	$128K	$165K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01179	+0.306%	$598K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01177	+0.161%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01176	+0.085%	$29K	$3K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01177	+0.153%	$4.8M	$9.8M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01177	+0.162%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01176	+0.085%	$321K	$244K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01175	0.000%	$988K	$1.0M	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	0.01177	+0.170%	$1.5M	$854K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01177	+0.179%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01172	−0.256%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perplong	+0.0100%	4h	0.01175	long leg	$161K	$2.8M	10x
ApeX Omni ZKUSDT	+0.0100%	1h	0.01172	−0.255%	$8K	$625K	50x	as long as short
BloFin ZK-USDT	+0.0137%	4h	0.01175	+0.026%	$212K	$25K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1408%	1h	0.01182	+0.557%	$196K	$43K	25x	as long as short