Funding arb · Price arb /

ZEC

all ZEC markets

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 +0.036%

Price spread now: KuCoin against Bybit+0.004%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

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

costs, in and out, $10k−$340.338% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 7 days+0.012%+$1 · spread now +0.004%, 7d avg −0.008%

Together, before fees−0.156%−$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZECUSDT	1,494.2	0.0100	pay 0.0100% / 8h	23m 17s	$268.4M	$616.0M	75x
Short	KuCoin ZECUSDTM	1,494.3	0.0100	get 0.0100% / 8h	23m 17s	$102.6M	$56.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → −0.008%: $1.21
Slippage, 4 orders: −$10.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$32.6
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Bybit: live order book, 11 min ago; KuCoin: live order book, 6 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 Bybit live order book, 11 min ago	0.03 bp	7.2 bp −$7	10.5 bp −$105	18.1 bp −$1,808	38.3 bp −$19.1K
Sell KuCoin live order book, 6 min ago	1.27 bp	11.4 bp −$11	18.3 bp −$183	doesn't fit	doesn't fit

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	−0.3442%	1h	1,478.8	−1.031%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,492.8	−0.095%	$61K	$303K	10x	as long as short
BloFin ZEC-USDT	−0.0144%	8h	1,494.6	+0.027%	$31.1M	$75.5M	75x	as long as short
Aftermath Perps ZECUSD	−0.0103%	1h	1,494.3	+0.005%	$48K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,494.3	+0.002%	$6K	$1K	10x	as long as short
Bulk ZEC-USD	−0.0053%	1h	1,491.1	−0.206%	$858K	$48K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,493.7	−0.038%	$415K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,494.9	+0.043%	$1.5M	$4.4M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,494.4	+0.013%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,495.1	+0.058%	$17.9M	$47.0M	25x	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	+0.0039%	1h	1,493.6	−0.041%	$408K	$554K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,494.2	−0.003%	$301K	$864K	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,494.2	−0.001%	$4.8M	$1.4M	10x	as long as short
01 Exchange ZECUSD	+0.0096%	1h	1,494.5	+0.021%	$8K	$6K	5x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,494.2	0.000%	$182K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,494.2	−0.003%	$17K	$881K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,493.8	−0.029%	$62K	$20K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,494.5	+0.021%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,495.2	+0.066%	$781.2M	$438.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,494.2	+0.001%	$14.0M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,493.9	−0.021%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,494.7	+0.030%	$700.2M	$2.30B	75x	as long as short
Bybit ZECUSDTlong	+0.0100%	8h	1,494.2	long leg	$268.4M	$616.0M	75x
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,494.3	+0.004%	$184.0M	$1.33B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,494.2	−0.001%	$56.5M	$185.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,494.6	+0.023%	$238.9M	$802.0M	150x	as long as short
KuCoin ZECUSDTMshort	+0.0100%	8h	1,494.3	+0.004%	$102.6M	$56.4M	75x
Bitget ZECUSDT	+0.0100%	8h	1,494.8	+0.039%	$161.5M	$288.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,494.4	+0.012%	—	$116.9M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,492.9	−0.090%	$48.8M	$34.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,492.8	−0.094%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,492.1	−0.140%	$3.1M	$514K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,491.9	−0.155%	$411K	$945K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,492.5	−0.116%	$55K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,494.2	−0.001%	$357K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,494.6	+0.025%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.3	−0.064%	$456K	$469K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,496.5	+0.149%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,494.9	+0.042%	$253K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,494.3	+0.003%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,494.9	+0.048%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,494.8	+0.041%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,494.8	+0.041%	$43K	$151K	20x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,494.4	+0.011%	$941K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0136%	1h	1,495.8	+0.108%	$2.1M	$7.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0144% / S −0.0141%	1h	1,494.6	+0.025%	$332K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0181%	1h	1,495.5	+0.084%	$683K	$1.4M	25x	as long as short
Lighter ZEC	+0.0208%	1h	1,496.3	+0.139%	$19.8M	$45.6M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,495.3	+0.072%	$618K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,495.8	+0.108%	$3.7M	$10.0M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0537%	1h	1,494.9	+0.047%	$2.3M	$3.8M	15x	as long as short