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 −0.012%

Price spread now: Bitget against KuCoin−0.006%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.006%, 7d avg +0.008%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZECUSDTM	1,447.5	0.0100	pay 0.0100% / 8h	4h 51m	$101.9M	$55.0M	75x
Short	Bitget ZECUSDT	1,447.4	0.0100	get 0.0100% / 8h	4h 51m	$161.7M	$272.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → +0.008%: −$1.4
Slippage, 4 orders: −$12.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$37.76
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from KuCoin: 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 KuCoin live order book, 3 min ago	0.93 bp	9.8 bp −$10	13.9 bp −$139	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.03 bp	7.2 bp −$7	11.0 bp −$110	21.1 bp −$2,109	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	1,449.6	+0.145%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,447.8	+0.019%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0078%	8h	1,447.1	−0.029%	$29.2M	$70.3M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,446.7	−0.056%	$407K	$40K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,448.2	+0.048%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,447.1	−0.029%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,447.8	+0.020%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0058%	8h	1,447.7	+0.017%	$290K	$958K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0064% / S −0.0014%	1h	1,448.2	+0.050%	$407K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,447.6	+0.011%	$7K	$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	1,447.6	+0.008%	$172K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,447.2	−0.019%	$10K	$874K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,447.5	+0.003%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,447.4	−0.002%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,448.2	+0.050%	$753.3M	$434.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,447.4	−0.009%	$14.4M	$27.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,447.7	+0.013%	$1.6M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,448.3	+0.056%	$664.3M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,446.8	−0.048%	$261.0M	$602.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,447.2	−0.017%	$177.1M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,448.7	+0.084%	$394K	$449K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,449.4	+0.135%	$876K	$23K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,447	−0.031%	$49.8M	$172.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,447.5	+0.001%	$214.2M	$767.6M	150x	as long as short
KuCoin ZECUSDTMlong	+0.0100%	8h	1,447.5	long leg	$101.9M	$55.0M	75x
Bitget ZECUSDTshort	+0.0100%	8h	1,447.4	−0.006%	$161.7M	$272.3M	75x
BingX ZEC-USDC	+0.0100%	8h	1,446.5	−0.068%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,448.2	+0.048%	$2.5M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,447.2	−0.023%	$47.4M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,449.2	+0.122%	$564K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,448.8	+0.090%	$3.0M	$424K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,448.4	+0.064%	$407K	$913K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,449.7	+0.153%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,447.3	−0.012%	$365K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,448.3	+0.058%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,446.7	−0.054%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,450.2	+0.185%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,447.8	+0.019%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,447	−0.036%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,447.6	+0.008%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,447.6	+0.010%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,447.6	+0.008%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,450.6	+0.216%	$4.6M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0272%	1h	1,448.4	+0.066%	$608K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0279%	1h	1,447.5	+0.002%	$17.9M	$44.7M	25x	as long as short
Lighter ZEC	+0.0320%	1h	1,448.7	+0.083%	$19.0M	$45.8M	20x	as long as short
Lighter RH ZEC	+0.0384%	1h	1,449.4	+0.130%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,448.2	+0.048%	$829K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,449.9	+0.169%	$3.7M	$8.9M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,449.9	+0.167%	$731K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0680%	1h	1,449.9	+0.164%	$44K	$49K	10x	as long as short