Settings8H · net · $10k
Funding arb · Price arb /

ZK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%
Price spread now: KuCoin against GRVT0.000%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$277as in the Funding arb table
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2762.759% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.013%−$1 on $10k
Price spread, last 7 days+0.053%+$5 · spread now 0.000%, 7d avg +0.013%
Together, before fees+0.039%+ Points / potential airdropGRVT: Active · farm board+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT ZK_USDT_Perp0.011760.0100pay 0.0050% / 4h3h 36m$152K$2.7M10x
ShortKuCoin ZKUSDTM0.011760.0100get 0.0050% / 4h3h 36m$983K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: 0.000% → +0.013%
−$1.27
Slippage, 4 orders
−$254.91
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$277.18
Costs to cover
2.759%
Break-even
never at this rate
Slippage from GRVT: live order book, 2 min ago; KuCoin: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 2 min ago4.25 bp45.6 bp −$46164.4 bp −$1,644doesn't fitdoesn't fit
Sell KuCoin live order book, 8 min ago12.75 bp112.1 bp −$112231.6 bp −$2,316doesn't fitdoesn't fit

ZK on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZK-USDT-SWAP−0.0112%4h0.01175−0.043%$999K$2.3M20xas long as short
Bybit ZKUSDT−0.0012%4h0.01176−0.034%$5.0M$2.6M25xas long as short
Injective ZK/USDC PERP+0.0033%1h0.01170−0.510%$2K$31K5.5xas long as short
Lighter ZK+0.0096%1h0.01178+0.204%$131K$173K8xas long as short
Hyperliquid ZK+0.0100%1h0.01178+0.170%$598K$236K5xas long as short
Aster ZKUSDT+0.0100%4h0.01177+0.063%$37K$19K10xas long as short
Pacifica ZK+0.0100%1h0.01174−0.145%$29K$3K5xas long as short
Binance ZKUSDT+0.0100%4h0.01176+0.033%$4.8M$9.6M75xas long as short
Gate ZK_USDT+0.0100%8h0.01177+0.085%$331K$240K50xas long as short
KuCoin ZKUSDTMshort+0.0100%4h0.011760.000%$983K$1.1M50x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZKUSDT+0.0100%4h0.011760.000%$1.5M$850K75xas long as short
BingX ZK-USDT+0.0100%4h0.01176+0.009%$6.7Mas long as short
Variational Omni ZK+0.0100%4h0.01175−0.054%$57K$15Kas long as short
GRVT ZK_USDT_Perplong+0.0100%4h0.01176long leg$152K$2.7M10x
ApeX Omni ZKUSDT+0.0100%1h0.011760.000%$9K$625K50xas long as short
BloFin ZK-USDT+0.0130%4h0.01175−0.085%$215K$22K75xas long as short
Kraken Futures PF_ZKUSD+0.1359%1h0.01182+0.519%$195K$44K25xas long as short