ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0057%/8h= +6.2% APRnext payment +$0.28 per $10,000 · paid last 24h +0.021%

Price spread now: BloFin against GRVT−0.053%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on GRVT Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 3 days (all we have)+0.179%+$18 · spread now −0.053%, 7d avg +0.038%

Together, before fees+0.174%+ Points / potential airdropGRVT: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.091% cheaper against GRVT than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.038%). If the spread goes back, that is −$9 on $10k: about 5.4 days of funding at the current rate (+$2 a day).

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	1h 08m	$160K	$2.8M	10x
Short	BloFin ZK-USDT	0.01166	0.0157	get 0.0078% / 4h	1h 08m	$211K	$25K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.053%Rate

Funding earned: $11.87
Price spread: −0.053% → +0.038%: −$9.11
Slippage, 4 orders: −$57.96
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$76.2
Costs to cover: 0.790%
Break-even: 51.9 days

Slippage from GRVT: live order book, 5 min ago; BloFin: live order book, 1 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, 5 min ago	4.28 bp	29.1 bp −$29	150.0 bp −$1,500	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	0.86 bp	11.2 bp −$11	32.5 bp −$325	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	+0.0004%	4h	0.01168	+0.127%	$944K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.333%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01169	+0.281%	$127K	$165K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01170	+0.307%	$593K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01168	+0.201%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01167	+0.084%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01168	+0.179%	$4.7M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01167	+0.119%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01167	+0.076%	$319K	$248K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01167	+0.076%	$985K	$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	0.01168	+0.161%	$1.5M	$866K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01167	+0.119%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01166	−0.024%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perplong	+0.0100%	4h	0.01166	long leg	$160K	$2.8M	10x
ApeX Omni ZKUSDT	+0.0100%	1h	0.01167	+0.076%	$8K	$624K	50x	as long as short
BloFin ZK-USDTshort	+0.0157%	4h	0.01166	−0.053%	$211K	$25K	75x
Kraken Futures PF_ZKUSD	+0.1293%	1h	0.01170	+0.296%	$194K	$43K	25x	as long as short