Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%
Price spread now: KuCoin against dYdX+0.110%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1081.075% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.227%−$23 on $10k
Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.110%, 7d avg 0.000%
Together, before fees−0.299%−$30 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 0.110% dearer against dYdX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of 0.000%. Mind the row above: over the last 7 days funding on this pair cost −0.227%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ZEC-USD1,476.30get 0.0000% / 1h31m 16s$410K$35K5x
ShortKuCoin ZECUSDTM1,477.90.0100get 0.0100% / 8h1h 31m$101.2M$57.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against dYdX. 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

Funding earned
$21
Price spread: +0.110% → 0.000%
$10.98
Slippage, 4 orders
−$85.51
Fee dYdX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$75.53
Costs to cover
1.075%
Break-even
32.2 days
Slippage from dYdX: live order book, 13 min ago; KuCoin: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 13 min ago36.73 bp41.7 bp −$4244.1 bp −$441113.8 bp −$11.4K360.0 bp −$180.0K
Sell KuCoin live order book, 8 min ago1.32 bp11.9 bp −$1218.6 bp −$186doesn't fitdoesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3684%1h1,462−0.965%$36K$275K12xas long as short
Bulk ZEC-USD−0.0166%1h1,477.1+0.056%$892K$9K10xas long as short
BloFin ZEC-USDT−0.0131%8h1,478+0.114%$30.5M$73.8M75xas long as short
Kraken Futures PF_ZECUSD−0.0097%1h1,478+0.119%$17.9M$47.2M25xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,477.1+0.054%$6K$1K10xas long as short
dYdX ZEC-USDlong0.0000%1h1,476.3long leg$410K$35K5x
Kalshi KXZECPERP0.0000%8h1,480+0.249%$1.5M$4.6M2.2xas long as short
Perpl ZEC0.0000%43m1,476.2−0.002%$63K$303K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,478+0.119%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0077%8h1,477.9+0.108%$298K$1.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,477.8+0.103%$163K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0098%8h1,477.1+0.057%$13K$866K10xas long as short
Nado ZEC-PERP+0.0100%1h1,477.9+0.113%$2.7M$7.0M10xas long as short
Aster ZECUSDT+0.0100%8h1,477.4+0.075%$13.8M$30.9M75xas long as short
Pacifica ZEC+0.0100%1h1,477.3+0.067%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,478.2+0.132%$688.1M$2.30B75xas long as short
Bybit ZECUSDT+0.0100%8h1,477.8+0.102%$265.6M$631.5M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,477.9+0.112%$178.8M$1.31B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,472.5−0.255%$403K$507K5xas long as short
Gate ZEC_USDT+0.0100%8h1,478+0.119%$54.3M$182.7M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,478.4+0.147%$238.3M$783.5M150xas long as short
KuCoin ZECUSDTMshort+0.0100%8h1,477.9+0.110%$101.2M$57.5M75x
Bitget ZECUSDT+0.0100%8h1,478+0.117%$159.0M$288.6M75xas long as short
BingX ZEC-USDC+0.0100%8h1,476−0.016%$6.7Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,477.3+0.071%$2.3M$3.9M15xas long as short
Variational Omni ZEC+0.0100%8h1,474.2−0.143%$48.1M$34.1Mas long as short
edgeX ZECUSDC+0.0100%4h1,476.5+0.015%$565K$8.9M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,478.1+0.124%$3.0M$498K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,476.9+0.041%$406K$935K50xas long as short
StandX ZEC-USD+0.0100%1h1,476.9+0.043%$56K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,477.4+0.077%$357K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,477.9+0.110%$162K$184K20xas long as short
Derive ZEC-PERP+0.0100%1h1,473.4−0.195%$450K$500K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,479.7+0.233%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,478+0.115%$252K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,477+0.049%$2.6M$19.7M75xas long as short
Phemex ZECUSDT+0.0100%8h1,478.4+0.144%$3.9M$5.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,477+0.050%$61K$43K10xas long as short
Extended ZEC-USD+0.0104%1h1,477.9+0.109%$2.7M$8.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,477.9+0.111%$42K$152K20xas long as short
Aftermath Perps ZECUSD+0.0106%1h1,477.7+0.094%$47K$64K10xas long as short
RISEx ZEC/USDC+0.0129%1h1,477.7+0.096%$925K$1.1M10xas long as short
Phoenix ZEC+0.0134%1h1,476.1−0.009%$4.7M$1.4M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0143% / S −0.0148%1h1,478.1+0.125%$479K100xas long as short
01 Exchange ZECUSD+0.0144%1h1,478.1+0.124%$8K$7K5xas long as short
Arcus ZEC-USD+0.0221%1h1,479.4+0.214%$635K$8.6M10xas long as short
Hyperliquid ZEC+0.0243%1h1,479.5+0.221%$767.9M$442.1M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0258%1h1,478.9+0.175%$675K$1.4M25xas long as short
Lighter RH ZEC+0.0264%1h1,479.7+0.232%$2.1M$7.4M10xas long as short
Lighter ZEC+0.0320%1h1,479.7+0.232%$19.4M$45.8M20xas long as short
Coinbase International ZEC-PERP-INTX+0.0480%1h1,478.4+0.142%$3.6M$9.9M50xas long as short