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 −0.006%

Price spread now: OKX against GRVT−0.092%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$830.826% of the position

Long on GRVT Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.092%, 7d avg −0.046%

Together, before fees−0.036%+ Points / potential airdropGRVT: Active · farm board−$4 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: OKX is 0.046% cheaper against GRVT than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.046%.

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 25m	$155K	$2.9M	10x
Short	OKX ZK-USDT-SWAP	0.01168	0.0100	get 0.0050% / 4h	2h 25m	$951K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.046%: −$4.59
Slippage, 4 orders: −$63.62
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$87.21
Costs to cover: 0.826%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; OKX: 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, 3 min ago	4.28 bp	20.5 bp −$21	147.6 bp −$1,476	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.57 bp	24.1 bp −$24	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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.105%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01171	+0.191%	$119K	$159K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01171	+0.148%	$587K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01169	+0.029%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01169	+0.020%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01169	+0.022%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01168	−0.057%	$5.0M	$2.7M	25x	as long as short
OKX ZK-USDT-SWAPshort	+0.0100%	4h	0.01168	−0.092%	$951K	$2.3M	20x
Gate ZK_USDT	+0.0100%	8h	0.01168	−0.066%	$317K	$256K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01169	+0.020%	$992K	$958K	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	0.01169	+0.020%	$1.5M	$852K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01168	−0.023%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01165	−0.284%	$57K	$20K	—	as long as short
GRVT ZK_USDT_Perplong	+0.0100%	4h	0.01169	long leg	$155K	$2.9M	10x
ApeX Omni ZKUSDT	+0.0100%	1h	0.01169	+0.020%	$8K	$621K	50x	as long as short
BloFin ZK-USDT	+0.0115%	4h	0.01168	−0.023%	$212K	$35K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1488%	1h	0.01173	+0.330%	$194K	$44K	25x	as long as short