Funding you earn now, next payment 02:00 UTC−0.0327%/8h= −35.8% APRpaid last 24h −0.011%
Price spread now: KuCoin against Backpack−0.027%58s7-day average −0.403% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as 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−$330.327% of the position
Funding, last 7 days+0.085%+$8 on $10k
+Price spread, last 7 days+0.266%+$27 · spread now −0.027%, 7d avg −0.403%
=The price spread pays, funding is against you. KuCoin is 0.376% dearer against Backpack than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.403%): +$38 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 3.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.085%, so the current rate has only just turned against you. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.085% in total (about 4.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZEC_USDC_PERP | 1,467.1 | 0.0427 | pay 0.0053% / 1h | 6m 19s | $2.4M | $3.9M | 15x |
| Short | KuCoin ZECUSDTM | 1,466.7 | 0.0100 | get 0.0100% / 8h | 6h 06m | $103.1M | $56.0M | 75x |
Backpack ZEC_USDC_PERP
KuCoin ZECUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$68.61
- Price spread: −0.027% → −0.403%
- $37.61
- Slippage, 4 orders
- −$10.7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$63.7
- Costs to cover
- 0.327%
- Break-even
- from the start
Slippage from Backpack: live order book, 3 min ago; KuCoin: 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 Backpack live order book, 3 min ago | 0.03 bp | 5.5 bp −$5 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 0.03 bp | 12.1 bp −$12 | 14.0 bp −$140 | doesn't fit | doesn't fit |
ZEC on 50 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 | −0.3678% | 1h | 1,456 | −0.754% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,466.9 | −0.012% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0039% | 1h | 1,467.9 | +0.055% | $398K | $502K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,467 | −0.008% | $18.1M | $43.5M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,466.1 | −0.065% | $413K | $51K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.3 | +0.083% | $971K | $4.8M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,466.8 | −0.022% | $84K | $251K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,467.2 | +0.004% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0031% | 8h | 1,467 | −0.007% | $293K | $991K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,467.3 | +0.012% | $383K | — | 100x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,467.6 | +0.033% | $8K | $8K | 5x | as long as short |
| Variational Omni ZEC | +0.0067% | 8h | 1,470.6 | +0.240% | $48.0M | $32.8M | — | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,470 | +0.198% | $4.6M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0093% | 8h | 1,467 | −0.004% | $180.5M | $1.25B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,467 | −0.007% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,466.7 | −0.029% | $12K | $841K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,467 | −0.009% | $60K | $40K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,467.6 | +0.033% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,468.1 | +0.069% | $764.8M | $434.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,466.7 | −0.026% | $14.8M | $29.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,467.5 | +0.025% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,467.1 | −0.001% | $678.5M | $2.28B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,466.8 | −0.022% | $271.3M | $612.1M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472.8 | +0.388% | $894K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,467 | −0.005% | $50.1M | $176.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467.1 | −0.002% | $215.9M | $802.6M | 150x | as long as short |
| KuCoin ZECUSDTMshort | +0.0100% | 8h | 1,466.7 | −0.027% | $103.1M | $56.0M | 75x | |
| Bitget ZECUSDT | +0.0100% | 8h | 1,467.2 | +0.007% | $162.9M | $279.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,467.8 | +0.046% | — | $100.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468.8 | +0.119% | $571K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,467.5 | +0.029% | $3.0M | $453K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,468 | +0.064% | $427K | $884K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467.3 | +0.011% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,467.2 | +0.007% | $344K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,467.5 | +0.027% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,465.4 | −0.115% | $456K | $512K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,469.2 | +0.144% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466.6 | −0.033% | $242K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,467 | −0.005% | $2.5M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,467.7 | +0.038% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.9 | −0.011% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,466.5 | −0.040% | $48K | $158K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0201% | 1h | 1,467.7 | +0.044% | $611K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,468.5 | +0.093% | $19.2M | $48.3M | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,468.9 | +0.126% | $699K | $8.6M | 10x | as long as short |
| Lighter RH ZEC | +0.0296% | 1h | 1,468.7 | +0.112% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,467.9 | +0.057% | $852K | $1.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERPlong | +0.0427% | 1h | 1,467.1 | long leg | $2.4M | $3.9M | 15x | |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,468.7 | +0.112% | $3.6M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0735% | 1h | 1,469.4 | +0.155% | $43K | $46K | 10x | as long as short |
01 Exchange ZECUSD
Variational Omni ZEC
Phoenix ZEC
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD