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: GRVT against KuCoin−0.108%83s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$210as 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−$2132.131% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.055%+$6 · spread now −0.108%, 7d avg −0.010%

Together, before fees+0.089%+ Points / potential airdropGRVT: Active · farm board+$9 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: GRVT is 0.099% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.010%. The two prices were read 83 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	KuCoin ZKUSDTM	0.01177	0.0100	pay 0.0050% / 4h	1h 32m	$966K	$1.6M	50x
Short	GRVT ZK_USDT_Perp	0.01176	0.0100	get 0.0050% / 4h	1h 32m	$163K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against KuCoin. 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 KuCoinbpFee GRVTbpOrdersPrice spread, now −0.108%Rate

Funding earned: $0
Price spread: −0.108% → −0.010%: −$9.89
Slippage, 4 orders: −$192.11
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$223
Costs to cover: 2.131%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; GRVT: 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 KuCoin live order book, 4 min ago	8.50 bp	88.6 bp −$89	175.9 bp −$1,759	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	4.24 bp	18.1 bp −$18	101.1 bp −$1,011	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	+0.0011%	4h	0.01177	−0.034%	$1.0M	$2.1M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.595%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01179	+0.136%	$130K	$197K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01178	+0.068%	$584K	$175K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01178	+0.083%	$31K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01178	+0.085%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01178	+0.042%	$4.9M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01177	+0.008%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01177	0.000%	$301K	$260K	50x	as long as short
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01177	long leg	$966K	$1.6M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01177	0.000%	$1.4M	$893K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01177	+0.025%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01174	−0.217%	$57K	$13K	—	as long as short
GRVT ZK_USDT_Perpshort	+0.0100%	4h	0.01176	−0.108%	$163K	$2.3M	10x
ApeX Omni ZKUSDT	+0.0100%	1h	0.01177	0.000%	$8K	$627K	50x	as long as short
BloFin ZK-USDT	+0.0126%	4h	0.01178	+0.068%	$213K	$19K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1635%	1h	0.01184	+0.611%	$202K	$41K	25x	as long as short