Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against GRVT−0.511%103s7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as 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−$820.823% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.528%+$53 · spread now −0.511%, 7d avg −0.015%

Together, before fees+0.531%+ Points / potential airdropGRVT: Active · farm board+$53 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: Bitget is 0.496% cheaper against GRVT than usual: you would sell low and buy high, −$50 on $10k if it goes back to its 7-day average of −0.015%. The two prices were read 103 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	0.01169	0.0100	pay 0.0050% / 4h	2h 41m	$151K	$2.3M	10x
Short	Bitget ZKUSDT	0.01163	0.0100	get 0.0050% / 4h	2h 41m	$1.5M	$842K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.511%Rate

Funding earned: $0
Price spread: −0.511% → −0.015%: −$49.55
Slippage, 4 orders: −$61.27
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$131.82
Costs to cover: 0.823%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Bitget: 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 GRVT live order book, 2 min ago	4.29 bp	24.6 bp −$25	255.2 bp −$2,552	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	8.55 bp	18.6 bp −$19	41.5 bp −$415	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	−0.0089%	4h	0.01163	−0.502%	$990K	$2.1M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.088%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01165	−0.374%	$126K	$188K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01164	−0.399%	$582K	$173K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01164	−0.408%	$31K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01164	−0.391%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01164	−0.467%	$4.8M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01163	−0.476%	$5.0M	$2.3M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01164	−0.425%	$298K	$257K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01163	−0.511%	$958K	$1.5M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDTshort	+0.0100%	4h	0.01163	−0.511%	$1.5M	$842K	75x
BingX ZK-USDT	+0.0100%	4h	0.01163	−0.493%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01169	−0.019%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perplong	+0.0100%	4h	0.01169	long leg	$151K	$2.3M	10x
ApeX Omni ZKUSDT	+0.0100%	1h	0.01170	+0.088%	$8K	$623K	50x	as long as short
BloFin ZK-USDT	+0.0155%	4h	0.01167	−0.126%	$213K	$20K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1280%	1h	0.01165	−0.375%	$191K	$35K	25x	as long as short