Equivariant $K$-theory, affine Grassmannian and perfection

Abstract: We study torus-equivariant algebraic $K$-theory of affine Schubert varieties in the perfect affine Grassmannians over $\mathbb{F}_p$. We further compare it to the torus-equivariant Hochschild homology of perfect complexes, which has a geometric description in terms of global functions on certain fixed-point schemes. We prove that $\mathbb{F}_p$-linearly, this comparison is an isomorphism. Our approach is quite constructive, resulting in new computations of these $K$-theory rings. We establish various structural results for equivariant perfect algebraic $K$-theory on the way; we believe these are of independent interest.