Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against GRVT+0.170%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1211.210% of the position

Long on GRVT Short on Gate

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)−0.363%−$36 · spread now +0.170%, 7d avg −0.045%

Together, before fees−0.360%+ Points / potential airdropGRVT: Active · farm board−$36 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: Gate is 0.215% dearer against GRVT than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ZK_USDT_Perp	0.01183	0.0100	pay 0.0050% / 4h	1h 16m	$157K	$2.5M	10x
Short	Gate ZK_USDT	0.01185	0.0100	get 0.0100% / 8h	5h 16m	$331K	$235K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.170%Rate

Funding earned: $0
Price spread: +0.170% → −0.045%: $21.5
Slippage, 4 orders: −$97
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$99.5
Costs to cover: 1.210%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Gate: live order book, 43 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	4.22 bp	35.3 bp −$35	85.3 bp −$853	doesn't fit	doesn't fit
Sell Gate live order book, 43 min ago	8.54 bp	28.3 bp −$28	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
OKX ZK-USDT-SWAP	−0.0014%	4h	0.01184	+0.128%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.098%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0093%	4h	0.01180	−0.261%	$217K	$21K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01187	+0.364%	$137K	$182K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01185	+0.212%	$589K	$221K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01186	+0.236%	$32K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01185	+0.153%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01185	+0.190%	$4.9M	$8.7M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01184	+0.111%	$5.1M	$2.5M	25x	as long as short
Gate ZK_USDTshort	+0.0100%	8h	0.01185	+0.170%	$331K	$235K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01186	+0.254%	$990K	$1.3M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01185	+0.170%	$1.5M	$843K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01185	+0.187%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01179	−0.343%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perplong	+0.0100%	4h	0.01183	long leg	$157K	$2.5M	10x
ApeX Omni ZKUSDT	+0.0100%	1h	0.01181	−0.168%	$8K	$621K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1576%	1h	0.01193	+0.874%	$196K	$39K	25x	as long as short