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 0.000%

Price spread now: KuCoin against GRVT+0.027%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.256%−$26 on $10k

Price spread, last 7 days−0.115%−$11 · spread now +0.027%, 7d avg −0.014%

Together, before fees−0.371%+ Points / potential airdropGRVT: Active · farm board−$37 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.041% dearer against GRVT than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ZEC_USDT_Perp	1,494.7	0.0100	pay 0.0100% / 8h	1h 07m	$3.1M	$510K	10x
Short	KuCoin ZECUSDTM	1,495.1	0.0100	get 0.0100% / 8h	1h 07m	$103.1M	$57.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GRVT. 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 GRVTbpFee KuCoinbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.014%: $4.15
Slippage, 4 orders: −$12.1
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$28.95
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; KuCoin: live order book, 2 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 GRVT live order book, 1 min ago	1.34 bp	6.1 bp −$6	9.2 bp −$92	16901.2 bp −$1.69M	124397.9 bp −$62.20M
Sell KuCoin live order book, 2 min ago	1.07 bp	10.2 bp −$10	11.3 bp −$113	doesn't fit	doesn't fit

ZEC on 50 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	−0.3684%	1h	1,479.6	−1.013%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,493.8	−0.065%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0149%	8h	1,495.9	+0.080%	$30.8M	$75.2M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,495.7	+0.066%	$18.1M	$46.5M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,494.6	−0.010%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,495.4	+0.046%	$416K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,495.2	+0.033%	$1.5M	$4.7M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,495.7	+0.064%	$5.3M	—	150x	as long as short
Aftermath Perps ZECUSD	+0.0015%	1h	1,495.3	+0.041%	$48K	$64K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0074%	1h	1,496.3	+0.105%	$683K	$1.4M	25x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0080%	8h	1,495.3	+0.036%	$301K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,495.4	+0.042%	$171K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,495.4	+0.041%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,494.4	−0.020%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,496.1	+0.089%	$3.1M	$7.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,495	+0.017%	$14.0M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,494.8	+0.008%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,495.6	+0.060%	$696.7M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,495.1	+0.027%	$267.7M	$630.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,495.8	+0.070%	$182.7M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,494.1	−0.042%	$408K	$554K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.2	−0.033%	$903K	$7K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,495.7	+0.062%	$55.2M	$187.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,495.7	+0.062%	$242.1M	$799.1M	150x	as long as short
KuCoin ZECUSDTMshort	+0.0100%	8h	1,495.1	+0.027%	$103.1M	$57.4M	75x
Bitget ZECUSDT	+0.0100%	8h	1,495.7	+0.063%	$160.9M	$289.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,495.3	+0.040%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,496.1	+0.093%	$48.9M	$34.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,495.1	+0.026%	$573K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perplong	+0.0100%	8h	1,494.7	long leg	$3.1M	$510K	10x
ApeX Omni ZECUSDT	+0.0100%	1h	1,496.3	+0.107%	$412K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,495.8	+0.071%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,495.6	+0.058%	$358K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,495.6	+0.058%	$164K	$184K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,497.6	+0.193%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,495.5	+0.053%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,496.1	+0.088%	$2.7M	$20.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,495.6	+0.058%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,495.6	+0.058%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,495.1	+0.027%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,496	+0.082%	$8K	$7K	5x	as long as short
Hyperliquid ZEC	+0.0121%	1h	1,496.5	+0.118%	$780.2M	$445.6M	10x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,495.5	+0.055%	$939K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,495.2	+0.031%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0136% / S −0.0131%	1h	1,495.6	+0.055%	$396K	—	100x	as long as short
Lighter RH ZEC	+0.0200%	1h	1,497.1	+0.161%	$2.1M	$7.5M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,496.1	+0.092%	$610K	$8.7M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0252%	1h	1,496.5	+0.119%	$2.3M	$3.9M	15x	as long as short
Lighter ZEC	+0.0272%	1h	1,497.2	+0.165%	$19.7M	$47.1M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,496.3	+0.107%	$3.7M	$10.1M	50x	as long as short