Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.001%

Price spread now: KuCoin against Deribit−0.037%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 4 days (all we have)−0.542%−$54 · spread now −0.037%, 7d avg −0.074%

Together, before fees−0.692%−$69 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.036% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.074%. Mind the row above: over the last 7 days funding on this pair cost −0.150%, 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	Deribit ZEC_USDC-PERPETUAL	1,463.2	0	get 0.0000% / 1h	2m 34s	$616K	$1.3M	25x
Short	KuCoin ZECUSDTM	1,462.7	0.0100	get 0.0100% / 8h	3h 02m	$103.0M	$52.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now −0.037%Rate

Funding earned: $21
Price spread: −0.037% → −0.074%: $3.64
Slippage, 4 orders: −$23.38
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$17.74
Costs to cover: 0.424%
Break-even: 12.9 days

Slippage from Deribit: live order book, 1 min ago; KuCoin: live order book, 12 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 Deribit live order book, 1 min ago	5.98 bp	9.9 bp −$10	18.6 bp −$186	doesn't fit	doesn't fit
Sell KuCoin live order book, 12 min ago	0.75 bp	12.0 bp −$12	18.7 bp −$187	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	−0.3042%	1h	1,465	+0.120%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,463.1	−0.004%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0072%	8h	1,462.7	−0.037%	$29.6M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,463.2	0.000%	$407K	$37K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,462.7	−0.032%	$84K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUALlong	0.0000%	1h	1,463.2	long leg	$616K	$1.3M	25x
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,462.8	−0.025%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,462.4	−0.057%	$292K	$900K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0070%	1h	1,464.3	+0.076%	$397K	$436K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0090% / S −0.0042%	1h	1,462.7	−0.033%	$437K	—	100x	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	1,461.9	−0.091%	$174K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,462.8	−0.025%	$14K	$799K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,462	−0.078%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,464.6	+0.094%	$2.9M	$6.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,461.9	−0.087%	$14.5M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.2	−0.070%	$1.7M	$2.3M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,461.9	−0.086%	$673.9M	$2.17B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,461.5	−0.113%	$261.7M	$585.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,461.6	−0.109%	$178.6M	$1.20B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,462.8	−0.026%	$884K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,461.9	−0.092%	$52.5M	$173.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,461.9	−0.087%	$218.9M	$776.5M	150x	as long as short
KuCoin ZECUSDTMshort	+0.0100%	8h	1,462.7	−0.037%	$103.0M	$52.9M	75x
Bitget ZECUSDT	+0.0100%	8h	1,462.1	−0.074%	$166.3M	$267.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,462.5	−0.049%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,465.8	+0.181%	$48.1M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,465.4	+0.152%	$570K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,465.7	+0.173%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,463.9	+0.048%	$404K	$920K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,464.8	+0.106%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,463.1	−0.006%	$357K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,462.7	−0.034%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,461.7	−0.104%	$446K	$504K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,465.3	+0.145%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,462.7	−0.035%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,462.3	−0.061%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,463.1	−0.006%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,462.2	−0.069%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,462.5	−0.049%	$47K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,462.1	−0.073%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0116%	1h	1,465.4	+0.147%	$4.7M	$1.3M	10x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,463.8	+0.043%	$2.1M	$7.1M	10x	as long as short
Kalshi KXZECPERP	+0.0137%	8h	1,464.3	+0.073%	$1.5M	$4.4M	2.2x	as long as short
Hyperliquid ZEC	+0.0147%	1h	1,463.8	+0.041%	$762.7M	$419.6M	10x	as long as short
Lighter ZEC	+0.0160%	1h	1,463.4	+0.012%	$19.3M	$45.8M	20x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,462.3	−0.060%	$925K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0315%	1h	1,463.1	−0.004%	$2.4M	$3.8M	15x	as long as short
Kraken Futures PF_ZECUSD	+0.0331%	1h	1,462.7	−0.035%	$18.0M	$45.5M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,463.6	+0.029%	$673K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,465.1	+0.129%	$3.8M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0685%	1h	1,463.9	+0.050%	$45K	$49K	10x	as long as short