Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0177%/8h= +19.4% APRpaid last 24h −0.040%

Price spread now: Kraken Futures against Aster−0.019%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+0.763%+$76 · spread now −0.019%, 7d avg +0.050%

Together, before fees+0.672%+ Points / potential airdropAster: Stage 5 · farm board+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.069% cheaper against Aster than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.050%). If the spread goes back, that is −$7 on $10k: about 31 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 5 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZECUSDT	1,458.3	0.0100	pay 0.0100% / 8h	4h 01m	$14.8M	$27.9M	75x
Short	Kraken Futures PF_ZECUSD	1,458	0.0277	get 0.0035% / 1h	1m 24s	$18.0M	$45.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now −0.019%Rate

Funding earned: $37.12
Price spread: −0.019% → +0.050%: −$6.92
Slippage, 4 orders: −$7.8
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $4.4
Costs to cover: 0.258%
Break-even: 6.2 days

Slippage from Aster: live order book, 3 min ago; Kraken Futures: live order book, 3 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 Aster live order book, 3 min ago	0.44 bp	4.4 bp −$4	5.3 bp −$53	14.4 bp −$1,439	91.2 bp −$45.6K
Sell Kraken Futures live order book, 3 min ago	0.03 bp	7.9 bp −$8	14.5 bp −$145	20.3 bp −$2,028	106.2 bp −$53.1K

ZEC on 51 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 ZEC/USDC PERP	−0.3166%	1h	1,458.2	−0.008%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,458.3	+0.003%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,458.8	+0.034%	$29.6M	$71.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,458.2	−0.005%	$411K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,458.6	+0.024%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,458.5	+0.015%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.8	−0.034%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,457.9	−0.023%	$291K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0071% / S −0.0023%	1h	1,457.5	−0.051%	$409K	—	100x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,459.1	+0.056%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,458.5	+0.014%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,458.8	+0.033%	$10K	$858K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,458.5	+0.015%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,458.6	+0.022%	$2.8M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,459.7	+0.098%	$759.3M	$431.6M	10x	as long as short
Aster ZECUSDTlong	+0.0100%	8h	1,458.3	long leg	$14.8M	$27.9M	75x
Pacifica ZEC	+0.0100%	1h	1,458.4	+0.010%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,458.5	+0.018%	$670.0M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,457.7	−0.039%	$261.7M	$602.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,458.4	+0.007%	$178.2M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,457.6	−0.046%	$396K	$442K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	−0.050%	$880K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,458.2	−0.003%	$50.5M	$175.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,458.5	+0.014%	$215.1M	$777.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,458.3	+0.002%	$102.9M	$54.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,458.6	+0.020%	$165.8M	$270.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,457.7	−0.043%	—	$105.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457.3	−0.064%	$47.8M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,458.8	+0.035%	$568K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.1	+0.058%	$3.0M	$451K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,459.1	+0.055%	$405K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,457.7	−0.043%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,458	−0.019%	$354K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,458.1	−0.012%	$161K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.8	−0.104%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,460.2	+0.132%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,458.1	−0.014%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,458	−0.019%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,458.3	+0.003%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,458.2	−0.002%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,457.8	−0.032%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,458.7	+0.028%	$4.6M	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0188%	1h	1,458.5	+0.018%	$2.4M	$3.9M	15x	as long as short
Lighter ZEC	+0.0248%	1h	1,459.6	+0.090%	$19.3M	$46.0M	20x	as long as short
Kraken Futures PF_ZECUSDshort	+0.0277%	1h	1,458	−0.019%	$18.0M	$45.2M	25x
Lighter RH ZEC	+0.0312%	1h	1,459.6	+0.092%	$2.1M	$7.0M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0314%	1h	1,458.7	+0.030%	$615K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,458.5	+0.018%	$923K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,460.5	+0.154%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,459.6	+0.092%	$680K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0679%	1h	1,458.8	+0.034%	$45K	$49K	10x	as long as short