Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h +0.048%

Price spread now: BingX against Kraken Futures0.000%53s7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.350% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.148%, so the current rate has only just turned against you. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZECUSD	1,449.2	0.0197	pay 0.0025% / 1h	38m 22s	$17.7M	$44.2M	25x
Short	BingX ZEC-USDT	1,449.2	0.0100	get 0.0100% / 8h	5h 38m	—	$97.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$20.28
Price spread: 0.000% → 0.000%: $0.02
Slippage, 4 orders: −$15.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$55.27
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 6 min ago; BingX: live order book, 16 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 Kraken Futures live order book, 6 min ago	1.71 bp	7.5 bp −$8	11.0 bp −$110	18.4 bp −$1,835	102.3 bp −$51.2K
Sell BingX live order book, 16 min ago	3.00 bp	8.0 bp −$8	10.2 bp −$102	15.4 bp −$1,537	33.6 bp −$16.8K

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	−0.3244%	1h	1,453.3	+0.280%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,449.6	+0.026%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0079%	8h	1,449.9	+0.051%	$29.3M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,448.4	−0.058%	$408K	$45K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,449.8	+0.042%	$957K	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,450.7	+0.102%	$83K	$248K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,448.5	−0.045%	$609K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,448.3	−0.066%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0039%	8h	1,448.8	−0.032%	$289K	$979K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0053% / S −0.0009%	1h	1,449.4	+0.015%	$374K	—	100x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZEC-USD.P	+0.0060%	1h	1,445.9	−0.228%	$396K	$431K	5x	as long as short
Phoenix ZEC	+0.0074%	1h	1,454.9	+0.394%	$4.6M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,449.5	+0.021%	$173K	$1.8M	50x	as long as short
Gate ZEC_USDT	+0.0096%	8h	1,449.6	+0.026%	$49.2M	$172.2M	75x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,448.5	−0.048%	$13K	$855K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,449.5	+0.024%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,450.2	+0.071%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,450.5	+0.091%	$755.3M	$433.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,449.6	+0.027%	$14.4M	$28.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,449.8	+0.040%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,449.3	+0.009%	$665.4M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,448.4	−0.054%	$266.3M	$609.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,449	−0.014%	$178.5M	$1.23B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,458.7	+0.652%	$886K	$16K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,449.8	+0.039%	$212.2M	$773.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,449.3	+0.009%	$101.8M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,448.9	−0.022%	$160.7M	$277.4M	75x	as long as short
BingX ZEC-USDTshort	+0.0100%	8h	1,449.2	0.000%	—	$97.3M	—
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,449.5	+0.020%	$2.3M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,454.9	+0.394%	$47.2M	$32.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.5	+0.500%	$567K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.3	+0.694%	$3.0M	$418K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,458.9	+0.665%	$420K	$883K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.6	+0.093%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,449.4	+0.013%	$322K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,449.7	+0.037%	$134K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,447.1	−0.147%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,451.3	+0.146%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,449.1	−0.011%	$232K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,448.6	−0.044%	$2.6M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,450.1	+0.062%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,448.2	−0.070%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,448.2	−0.068%	$48K	$155K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,450.2	+0.071%	$8K	$7K	5x	as long as short
Lighter ZEC	+0.0144%	1h	1,450.8	+0.109%	$19.0M	$46.2M	20x	as long as short
Kraken Futures PF_ZECUSDlong	+0.0197%	1h	1,449.2	long leg	$17.7M	$44.2M	25x
Arcus ZEC-USD	+0.0277%	1h	1,452.6	+0.235%	$724K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0312%	1h	1,450.7	+0.106%	$2.0M	$6.8M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,450.2	+0.071%	$824K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,449.8	+0.042%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0709%	1h	1,456.5	+0.506%	$43K	$46K	10x	as long as short