Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0231%/8h= +25.3% APRpaid last 24h −0.041%

Price spread now: Kraken Futures against Gate+0.105%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 4 days (all we have)+0.384%+$38 · spread now +0.105%, 7d avg +0.035%

Together, before fees+0.260%+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.070% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.035%. Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.5% 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	Gate ZEC_USDT	1,463.8	0.0100	pay 0.0100% / 8h	3h 10m	$52.2M	$173.2M	75x
Short	Kraken Futures PF_ZECUSD	1,465.4	0.0331	get 0.0041% / 1h	10m 32s	$18.1M	$45.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.105%Rate

Funding earned: $48.44
Price spread: +0.105% → +0.035%: $6.97
Slippage, 4 orders: −$16.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $14.32
Costs to cover: 0.411%
Break-even: 4.9 days

Slippage from Gate: live order book, 3 min ago; Kraken Futures: live order book, 4 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 Gate live order book, 3 min ago	0.03 bp	11.0 bp −$11	15.2 bp −$152	31.9 bp −$3,194	54.7 bp −$27.3K
Sell Kraken Futures live order book, 4 min ago	1.91 bp	10.9 bp −$11	16.3 bp −$163	23.2 bp −$2,321	82.7 bp −$41.4K

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	1,463	−0.054%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,466.3	+0.169%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,466.1	+0.157%	$29.7M	$71.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,463.5	−0.019%	$407K	$37K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,463.1	−0.049%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463.5	−0.025%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,465.3	+0.098%	$293K	$908K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0071%	1h	1,460.4	−0.234%	$397K	$435K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0088% / S −0.0039%	1h	1,465.5	+0.116%	$437K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,463.9	+0.006%	$174K	$1.7M	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps ZEC-USD	+0.0100%	8h	1,464.3	+0.031%	$14K	$801K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,463.7	−0.008%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,464.9	+0.072%	$2.9M	$6.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,464.2	+0.025%	$14.6M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,463.7	−0.008%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,463.9	+0.008%	$674.0M	$2.17B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,463.1	−0.049%	$262.2M	$587.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,463.3	−0.036%	$179.2M	$1.21B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,460.6	−0.219%	$882K	$17K	10x	as long as short
Gate ZEC_USDTlong	+0.0100%	8h	1,463.8	long leg	$52.2M	$173.2M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,463.5	−0.020%	$219.8M	$775.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,464.2	+0.026%	$103.1M	$53.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,463.9	+0.003%	$166.1M	$267.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,464.7	+0.058%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,464.4	+0.041%	$48.0M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.5	−0.156%	$569K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,463.2	−0.044%	$3.0M	$464K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.4	−0.167%	$404K	$945K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,465.7	+0.125%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,463.6	−0.015%	$358K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.1	−0.049%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,464.1	+0.022%	$447K	$504K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,467.6	+0.255%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,465.5	+0.115%	$235K	$3.1M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,464.6	+0.053%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,465.5	+0.118%	$3.9M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,464	+0.013%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,465.2	+0.091%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,462.7	−0.077%	$4.7M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,464.6	+0.051%	$8K	$7K	5x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,464.7	+0.057%	$2.1M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0146%	1h	1,464.9	+0.074%	$763.3M	$424.9M	10x	as long as short
Lighter ZEC	+0.0168%	1h	1,465.1	+0.088%	$19.4M	$45.4M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0178%	1h	1,466.2	+0.160%	$617K	$1.3M	25x	as long as short
Kalshi KXZECPERP	+0.0179%	8h	1,466.2	+0.161%	$1.5M	$4.4M	2.2x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,464.2	+0.029%	$926K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0297%	1h	1,466.4	+0.179%	$2.4M	$3.8M	15x	as long as short
Kraken Futures PF_ZECUSDshort	+0.0331%	1h	1,465.4	+0.105%	$18.1M	$45.4M	25x
Arcus ZEC-USD	+0.0344%	1h	1,465.3	+0.100%	$676K	$8.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,468.4	+0.310%	$3.8M	$9.2M	50x	as long as short
Aftermath Perps ZECUSD	+0.0684%	1h	1,462.7	−0.076%	$45K	$49K	10x	as long as short