Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0088%/8h= −9.7% APRpaid last 24h −0.062%

Price spread now: Kraken Futures against HTX+0.083%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

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

costs, in and out, $10k−$320.316% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.083%, 7d avg +0.059%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.024% dearer against HTX than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.059%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.022% in total) that is about 7.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZEC-USDT	1,502.5	0.0100	pay 0.0100% / 8h	41m 58s	$2.7M	$20.5M	75x
Short	Kraken Futures PF_ZECUSD	1,503.7	0.0012	get 0.0001% / 1h	41m 58s	$18.1M	$46.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$18.57
Price spread: +0.083% → +0.059%: $2.42
Slippage, 4 orders: −$9.6
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$47.75
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Kraken Futures: 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 HTX live order book, 2 min ago	0.03 bp	6.0 bp −$6	16.4 bp −$164	47.1 bp −$4,709	doesn't fit
Sell Kraken Futures live order book, 2 min ago	3.03 bp	9.7 bp −$10	13.7 bp −$137	20.6 bp −$2,057	173.7 bp −$86.9K

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	1,495.7	−0.452%	$37K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,502	−0.031%	$62K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0174%	8h	1,505.7	+0.217%	$31.0M	$75.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,502.2	−0.016%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0066%	1h	1,500.3	−0.146%	$48K	$59K	10x	as long as short
Bulk ZEC-USD	−0.0053%	1h	1,497	−0.363%	$904K	$2K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,504.2	+0.113%	$418K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,503.5	+0.068%	$1.5M	$4.4M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,503.6	+0.077%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSDshort	+0.0012%	1h	1,503.7	+0.083%	$18.1M	$46.7M	25x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	+0.0078%	1h	1,504	+0.101%	$687K	$1.4M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,503.1	+0.043%	$303K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,502.4	−0.004%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,503.8	+0.089%	$175K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,504.6	+0.140%	$14K	$878K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,503.7	+0.080%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,504	+0.099%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,505.3	+0.188%	$786.7M	$445.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,504	+0.100%	$14.1M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,504	+0.101%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,504.3	+0.124%	$703.8M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,503.8	+0.088%	$270.9M	$623.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,504.2	+0.112%	$183.5M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,502.8	+0.021%	$410K	$563K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,503.5	+0.067%	$56.2M	$183.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,504.4	+0.127%	$239.6M	$792.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,504.5	+0.132%	$103.6M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,504.5	+0.134%	$162.5M	$289.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,503	+0.034%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.5	−0.064%	$49.0M	$34.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,499.2	−0.217%	$574K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,500.8	−0.109%	$3.1M	$507K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,499.8	−0.180%	$413K	$945K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,504.9	+0.159%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,503.8	+0.088%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,503.7	+0.084%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,503	+0.034%	$459K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,506	+0.234%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,503.4	+0.059%	$254K	$3.5M	10x	as long as short
HTX ZEC-USDTlong	+0.0100%	8h	1,502.5	long leg	$2.7M	$20.5M	75x
Phemex ZECUSDT	+0.0100%	8h	1,503.8	+0.085%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,504.5	+0.135%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,503.3	+0.055%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,504.3	+0.124%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,504	+0.101%	$946K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0136%	1h	1,505.1	+0.171%	$2.1M	$7.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0160% / S −0.0197%	1h	1,503.4	+0.063%	$437K	—	100x	as long as short
Lighter ZEC	+0.0224%	1h	1,504.9	+0.162%	$19.8M	$45.2M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,504.7	+0.146%	$606K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,505.4	+0.195%	$3.7M	$10.2M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0535%	1h	1,504.6	+0.138%	$2.4M	$3.9M	15x	as long as short