Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%
Price spread now: Bullet against KuCoin+0.099%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$330.335% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.012%+$1 on $10k
Price spread, last 4 days (all we have)+0.791%+$79 · spread now +0.099%, 7d avg +0.022%
Together, before fees+0.804%+$80 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.077% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZECUSDTM1,452.30.0100pay 0.0100% / 8h5h 32m$102.0M$56.1M75x
ShortBullet ZEC-USD1,453.70.0100get 0.0013% / 1h32m 53s$160K$185K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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

Funding earned
$0
Price spread: +0.099% → +0.022%
$7.73
Slippage, 4 orders
−$13.46
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$25.73
Costs to cover
0.335%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; Bullet: live order book, 31 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 6 min ago1.21 bp10.7 bp −$1122.6 bp −$226doesn't fitdoesn't fit
Sell Bullet live order book, 31 min ago1.80 bp7.3 bp −$711.4 bp −$114doesn't fitdoesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3244%1h1,453.2+0.067%$33K$272K12xas long as short
BloFin ZEC-USDT−0.0082%8h1,453.8+0.108%$29.5M$70.8M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,453.6+0.092%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,452.8+0.039%$409K$44K5xas long as short
Kalshi KXZECPERP0.0000%8h1,454+0.118%$1.4M$5.0M2.2xas long as short
Perpl ZEC0.0000%43m1,452.6+0.025%$83K$248K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,453.4+0.081%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0042%8h1,453.6+0.093%$290K$979K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0061% / S −0.0011%1h1,453.3+0.076%$408K100xas long as short
Phoenix ZEC+0.0074%1h1,453.2+0.067%$4.6M$1.4M10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,453.5+0.086%$173K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,452.7+0.032%$14K$854K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,453.3+0.069%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,453.6+0.093%$2.5M$6.5M10xas long as short
Hyperliquid ZEC+0.0100%1h1,452.2−0.003%$754.7M$434.6M10xas long as short
Aster ZECUSDT+0.0100%8h1,452.6+0.024%$14.4M$28.4M75xas long as short
Pacifica ZEC+0.0100%1h1,453.4+0.080%$1.7M$2.6M10xas long as short
Binance ZECUSDT+0.0100%8h1,452.4+0.011%$665.1M$2.26B75xas long as short
Bybit ZECUSDT+0.0100%8h1,450.9−0.092%$265.6M$611.2M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,451.4−0.058%$179.1M$1.24B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,452.4+0.010%$394K$432K5xas long as short
Bulk ZEC-USD+0.0100%1h1,451.2−0.071%$879K$21K10xas long as short
Gate ZEC_USDT+0.0100%8h1,452.8+0.041%$49.5M$173.0M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,452.6+0.027%$212.8M$774.9M150xas long as short
KuCoin ZECUSDTMlong+0.0100%8h1,452.3long leg$102.0M$56.1M75x
Bitget ZECUSDT+0.0100%8h1,451.3−0.063%$161.2M$277.9M75xas long as short
BingX ZEC-USDC+0.0100%8h1,451.4−0.060%$6.7Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,453+0.054%$2.4M$3.8M15xas long as short
Variational Omni ZEC+0.0100%8h1,448.7−0.244%$46.8M$32.3Mas long as short
edgeX ZECUSDC+0.0100%4h1,451−0.083%$565K$8.9M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,453.8+0.108%$3.0M$419K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,452.9+0.045%$408K$905K50xas long as short
StandX ZEC-USD+0.0100%1h1,452.9+0.043%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,453.1+0.059%$323K$1.8M10xas long as short
Bullet ZEC-USDshort+0.0100%1h1,453.7+0.099%$160K$185K20x
Derive ZEC-PERP+0.0100%1h1,452.2−0.001%$443K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,456.1+0.266%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,454+0.121%$232K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,453+0.052%$2.6M$18.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,454.4+0.147%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,452.4+0.013%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,453.4+0.076%$47K$156K20xas long as short
01 Exchange ZECUSD+0.0120%1h1,454+0.123%$8K$7K5xas long as short
Kraken Futures PF_ZECUSD+0.0196%1h1,453.9+0.114%$17.9M$44.5M25xas long as short
Lighter ZEC+0.0200%1h1,455.3+0.212%$19.0M$46.4M20xas long as short
Arcus ZEC-USD+0.0277%1h1,455.5+0.227%$714K$8.5M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0286%1h1,454.3+0.139%$611K$1.3M25xas long as short
Lighter RH ZEC+0.0360%1h1,455.9+0.249%$2.0M$6.9M10xas long as short
RISEx ZEC/USDC+0.0409%1h1,453.8+0.106%$829K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0456%1h1,455.1+0.193%$3.7M$9.1M50xas long as short
Aftermath Perps ZECUSD+0.0712%1h1,454.2+0.137%$43K$46K10xas long as short