Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h −0.046%

Price spread now: Kraken Futures against Bitget−0.025%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 4 days (all we have)+1.488%+$149 · spread now −0.025%, 7d avg +0.041%

Together, before fees+1.410%+$141 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.066% cheaper against Bitget than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.041%). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.078%, 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	Bitget ZECUSDT	1,455.1	0.0100	pay 0.0100% / 8h	5h 41m	$161.3M	$275.9M	75x
Short	Kraken Futures PF_ZECUSD	1,454.7	0.0196	get 0.0024% / 1h	41m 07s	$17.9M	$43.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now −0.025%Rate

Funding earned: $20.12
Price spread: −0.025% → +0.041%: −$6.56
Slippage, 4 orders: −$11.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$20.39
Costs to cover: 0.340%
Break-even: 14.1 days

Slippage from Bitget: 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 Bitget live order book, 3 min ago	0.03 bp	7.0 bp −$7	11.1 bp −$111	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	1.71 bp	11.4 bp −$11	16.7 bp −$167	28.2 bp −$2,816	106.4 bp −$53.2K

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	−0.3244%	1h	1,460	+0.341%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,458	+0.201%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0078%	8h	1,455.1	0.000%	$29.4M	$70.8M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457.4	+0.162%	$410K	$45K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,458.7	+0.247%	$962K	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456.2	+0.076%	$83K	$249K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,454.9	−0.015%	$605K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,455.5	+0.032%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0038%	8h	1,455.4	+0.021%	$291K	$979K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0009%	1h	1,455.6	+0.037%	$377K	—	100x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZEC-USD.P	+0.0059%	1h	1,459	+0.269%	$396K	$433K	5x	as long as short
Phoenix ZEC	+0.0074%	1h	1,459.6	+0.311%	$4.6M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,456.7	+0.114%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,457.2	+0.148%	$18K	$835K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,457	+0.130%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,457.3	+0.150%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,455.8	+0.049%	$758.2M	$433.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,454.1	−0.065%	$14.4M	$28.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457.3	+0.152%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,454.3	−0.051%	$667.7M	$2.25B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,454.3	−0.055%	$268.0M	$607.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,455	−0.004%	$179.2M	$1.23B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,458.7	+0.245%	$886K	$16K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,454.1	−0.065%	$49.8M	$171.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,454.4	−0.050%	$212.8M	$772.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,454.5	−0.041%	$102.2M	$55.8M	75x	as long as short
Bitget ZECUSDTlong	+0.0100%	8h	1,455.1	long leg	$161.3M	$275.9M	75x
BingX ZEC-USDT	+0.0100%	8h	1,454.4	−0.049%	—	$97.0M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,454.6	−0.035%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,454.9	−0.012%	$47.2M	$32.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,459.6	+0.311%	$568K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.3	+0.288%	$3.0M	$418K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,458.9	+0.259%	$420K	$883K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,459.5	+0.302%	$70K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.4	+0.091%	$324K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,455.4	+0.025%	$126K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,454.3	−0.052%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.1	+0.274%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,454.5	−0.037%	$240K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,454	−0.077%	$2.6M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,455.2	+0.008%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,454.5	−0.042%	$2.8M	$7.7M	10x	as long as short
01 Exchange ZECUSD	+0.0104%	1h	1,457.2	+0.144%	$8K	$7K	5x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,454.7	−0.026%	$48K	$155K	20x	as long as short
Kraken Futures PF_ZECUSDshort	+0.0196%	1h	1,454.7	−0.025%	$17.9M	$43.8M	25x
Lighter ZEC	+0.0208%	1h	1,455.9	+0.055%	$19.1M	$46.1M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,459.4	+0.294%	$716K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0328%	1h	1,456.6	+0.107%	$2.0M	$6.8M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,457.4	+0.159%	$827K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,457.1	+0.141%	$3.7M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0716%	1h	1,460.8	+0.396%	$43K	$46K	10x	as long as short