Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0142%/8h= +15.5% APRpaid last 24h +0.022%

Price spread now: Gate against Kraken Futures−0.140%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$15 on $10k

Price spread, last 3 days (all we have)−0.592%−$59 · spread now −0.140%, 7d avg −0.039%

Together, before fees−0.447%−$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.101% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of −0.039%). If the spread goes back, that is −$10 on $10k: about 2.4 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.145% in total) that is about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZECUSD	1,446.3	−0.0072	get 0.0009% / 1h	33m 52s	$17.6M	$44.3M	25x
Short	Gate ZEC_USDT	1,444.3	0.0070	get 0.0070% / 8h	2h 33m	$49.4M	$187.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.140%Rate

Funding earned: $29.77
Price spread: −0.140% → −0.039%: −$10.11
Slippage, 4 orders: −$18.86
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$24.19
Costs to cover: 0.439%
Break-even: 12.7 days

Slippage from Kraken Futures: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	2.69 bp	12.9 bp −$13	17.0 bp −$170	25.0 bp −$2,500	210.3 bp −$105.1K
Sell Gate live order book, 5 min ago	0.45 bp	11.4 bp −$11	19.0 bp −$190	32.8 bp −$3,276	59.1 bp −$29.5K

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	−0.3476%	1h	1,438.5	−0.539%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,448.8	+0.175%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSDlong	−0.0072%	1h	1,446.3	long leg	$17.6M	$44.3M	25x
BloFin ZEC-USDT	−0.0066%	8h	1,450	+0.257%	$28.8M	$74.7M	75x	as long as short
Variational Omni ZEC	−0.0009%	8h	1,449.1	+0.194%	$45.6M	$32.2M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,448	+0.121%	$408K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,448.6	+0.157%	$905K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,448	+0.117%	$82K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,446.7	+0.029%	$589K	$1.3M	25x	as long as short
Bybit ZECUSDT	+0.0004%	8h	1,444.2	−0.149%	$266.4M	$676.0M	75x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,447.8	+0.102%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,446.5	+0.011%	$290K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0030% / S +0.0070%	1h	1,447.6	+0.086%	$542K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0054%	8h	1,444.6	−0.115%	$170.9M	$1.35B	50x	as long as short
Gate ZEC_USDTshort	+0.0070%	8h	1,444.3	−0.140%	$49.4M	$187.4M	75x
Aster ZECUSDT	+0.0075%	8h	1,444.9	−0.099%	$15.2M	$34.7M	75x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,448.5	+0.153%	$8K	$8K	5x	as long as short
Ondo Perps ZEC-USD.P	+0.0093%	1h	1,448.2	+0.131%	$394K	$518K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,448.1	+0.124%	$13K	$871K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,447.9	+0.114%	$18.7M	$54.3M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,447.9	+0.113%	$177K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,448.6	+0.160%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,448.7	+0.164%	$3.0M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,446.2	−0.007%	$747.8M	$492.3M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,448.9	+0.179%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,444.8	−0.107%	$657.5M	$2.53B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,452.5	+0.428%	$895K	$33K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,444.5	−0.127%	$218.9M	$890.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,444.5	−0.122%	$103.1M	$56.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,444.6	−0.121%	$160.2M	$313.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,444.5	−0.127%	—	$105.5M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,445.9	−0.025%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,450.9	+0.318%	$487K	$9.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,450.3	+0.274%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,451.4	+0.353%	$706K	$607K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.2	+0.271%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,447.6	+0.090%	$297K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,447.5	+0.083%	$126K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,445.1	−0.086%	$439K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,447.9	+0.112%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,446.7	+0.025%	$220K	$4.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,446.2	−0.010%	$2.4M	$24.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,446.1	−0.013%	$3.7M	$5.3M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.3	+0.417%	$4.6M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,444.7	−0.114%	$3.2M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,446.3	+0.001%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,448.8	+0.174%	$865K	$1.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,448.6	+0.159%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0444%	1h	1,451.1	+0.333%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,450.6	+0.295%	$756K	$7.9M	10x	as long as short
Lighter RH ZEC	+0.0736%	1h	1,447.8	+0.101%	$1.9M	$8.4M	10x	as long as short