Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0177%/8h= −19.3% APRpaid last 24h +0.046%

Price spread now: Bitget against Kraken Futures+0.069%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 4 days (all we have)−0.811%−$81 · spread now +0.069%, 7d avg −0.039%

Together, before fees−0.741%−$74 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.108% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of −0.039%): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.070%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZECUSD	1,458.4	0.0277	pay 0.0035% / 1h	0m 46s	$18.0M	$45.2M	25x
Short	Bitget ZECUSDT	1,459.4	0.0100	get 0.0100% / 8h	4h 00m	$165.9M	$270.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$37.1
Price spread: +0.069% → −0.039%: $10.84
Slippage, 4 orders: −$8.31
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$56.57
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago	0.03 bp	8.4 bp −$8	11.6 bp −$116	18.5 bp −$1,853	97.3 bp −$48.7K
Sell Bitget live order book, 3 min ago	0.03 bp	6.8 bp −$7	11.7 bp −$117	doesn't fit	doesn't fit

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	−0.3166%	1h	1,457.9	−0.033%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,458.3	−0.008%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,459.1	+0.047%	$29.5M	$71.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,458.2	−0.015%	$411K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,458.6	+0.012%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,458.5	+0.004%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.8	−0.045%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,458.5	+0.002%	$291K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0071% / S −0.0023%	1h	1,457.5	−0.061%	$409K	—	100x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,459.1	+0.045%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,458.5	+0.003%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,458.8	+0.022%	$10K	$858K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,458.5	+0.004%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,458.6	+0.011%	$2.8M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,460.7	+0.156%	$759.9M	$431.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,459.2	+0.050%	$14.8M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,458.4	−0.001%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,459.3	+0.061%	$670.4M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,458.7	+0.021%	$261.9M	$602.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,459.4	+0.065%	$178.3M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,457.6	−0.057%	$396K	$442K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	−0.061%	$880K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,459.1	+0.046%	$50.6M	$175.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,459.4	+0.063%	$215.6M	$777.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,459.3	+0.060%	$103.0M	$54.0M	75x	as long as short
Bitget ZECUSDTshort	+0.0100%	8h	1,459.4	+0.069%	$165.9M	$270.9M	75x
BingX ZEC-USDT	+0.0100%	8h	1,458.9	+0.035%	—	$105.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457.6	−0.056%	$47.8M	$32.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,458.8	+0.024%	$568K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.1	+0.047%	$3.0M	$451K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,459.1	+0.045%	$405K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,457.7	−0.053%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,458	−0.029%	$354K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,458.1	−0.023%	$161K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,457.2	−0.087%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,460.5	+0.145%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,458.4	+0.001%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,458	−0.029%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,459.2	+0.054%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,459	+0.036%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,458.2	−0.015%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,458.7	+0.017%	$4.6M	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0189%	1h	1,459.4	+0.065%	$2.4M	$3.9M	15x	as long as short
Lighter ZEC	+0.0248%	1h	1,460.5	+0.143%	$19.3M	$46.0M	20x	as long as short
Kraken Futures PF_ZECUSDlong	+0.0277%	1h	1,458.4	long leg	$18.0M	$45.2M	25x
Lighter RH ZEC	+0.0312%	1h	1,460.7	+0.154%	$2.1M	$7.0M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0319%	1h	1,459.2	+0.052%	$616K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,458.5	+0.007%	$923K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,459.9	+0.102%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,459.6	+0.081%	$680K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0679%	1h	1,458.8	+0.024%	$45K	$49K	10x	as long as short