Funding you earn now, next payment 00:00 UTC−0.0150%/8h= −16.4% APRnext payment −$1.50 per $10,000 · paid last 24h −0.014%
Price spread now: Bybit against KuCoin−0.044%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$330.331% of the position
Funding, last 7 days+0.205%+$21 on $10k
+Price spread, last 7 days+0.038%+$4 · spread now −0.044%, 7d avg +0.009%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.052% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.009%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.205%, 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 | KuCoin ZECUSDTM | 1,463.8 | 0.0100 | pay 0.0100% / 8h | 1h 35m | $103.7M | $56.3M | 75x |
| Short | Bybit ZECUSDT | 1,463.2 | −0.0050 | pay 0.0050% / 8h | 1h 35m | $271.0M | $673.1M | 75x |
KuCoin ZECUSDTM
Bybit ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$31.47
- Price spread: −0.044% → +0.009%
- −$5.24
- Slippage, 4 orders
- −$10.08
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$69.79
- Costs to cover
- 0.331%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 0.89 bp | 10.4 bp −$10 | 17.2 bp −$172 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.03 bp | 5.9 bp −$6 | 8.4 bp −$84 | 18.4 bp −$1,841 | 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 | −0.3310% | 1h | 1,448.2 | −1.062% | $33K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0405% | 1h | 1,463.9 | +0.008% | $17.8M | $44.8M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0212% | 1h | 1,459.3 | −0.307% | $396K | $518K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0089% | 8h | 1,463.7 | −0.004% | $29.3M | $75.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,462.2 | −0.111% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDTshort | −0.0050% | 8h | 1,463.2 | −0.044% | $271.0M | $673.1M | 75x | |
| Variational Omni ZEC | −0.0025% | 8h | 1,460.9 | −0.195% | $46.5M | $34.0M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0024% | 1h | 1,463.5 | −0.021% | $430K | $820K | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L −0.0017% / S +0.0093% | 1h | 1,464.5 | +0.048% | $541K | — | 100x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,461.6 | −0.149% | $412K | $106K | 5x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
ApeX Omni ZECUSDT
GMX ZEC/USD [WBTC.b-USDC]
dYdX ZEC-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXZECPERP | 0.0000% | 8h | 1,462.8 | −0.067% | $885K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,463.6 | −0.011% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,464.7 | +0.064% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0013% | 8h | 1,464 | +0.014% | $292K | $1.5M | 20x | as long as short |
| Bulk ZEC-USD | +0.0030% | 1h | 1,466 | +0.152% | $905K | $27K | 10x | as long as short |
| Gate ZEC_USDT | +0.0048% | 8h | 1,464.4 | +0.038% | $50.0M | $184.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0049% | 8h | 1,463.5 | −0.018% | $175.8M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,463.4 | −0.030% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,461.4 | −0.166% | $4.6M | $1.6M | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,465.4 | +0.110% | $19.0M | $52.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,462.9 | −0.061% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,463 | −0.055% | $14K | $862K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,462.4 | −0.092% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,462.8 | −0.068% | $2.5M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,464.2 | +0.028% | $758.9M | $484.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,463.8 | +0.002% | $15.6M | $33.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,463.2 | −0.037% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,464 | +0.017% | $674.7M | $2.50B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,463.9 | +0.010% | $223.2M | $860.7M | 150x | as long as short |
| KuCoin ZECUSDTMlong | +0.0100% | 8h | 1,463.8 | long leg | $103.7M | $56.3M | 75x | |
| Bitget ZECUSDT | +0.0100% | 8h | 1,463.5 | −0.017% | $161.9M | $306.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,463.5 | −0.023% | — | $103.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,461.4 | −0.165% | $509K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,462.2 | −0.108% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,462.8 | −0.068% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,463.1 | −0.047% | $343K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,464 | +0.016% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,462.3 | −0.100% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,466 | +0.150% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,463.8 | 0.000% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,463.4 | −0.026% | $2.5M | $24.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,464.1 | +0.021% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,464.1 | +0.023% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,463.9 | +0.008% | $36K | $367K | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0187% | 1h | 1,464.3 | +0.035% | $2.3M | $3.8M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,463.3 | −0.032% | $841K | $1.7M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0246% | 1h | 1,464.8 | +0.068% | $596K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0384% | 1h | 1,465.9 | +0.146% | $2.0M | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,465.6 | +0.126% | $3.7M | $11.6M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,464 | +0.013% | $742K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0542% | 1h | 1,464.9 | +0.078% | $40K | $34K | 10x | as long as short |
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Bulk ZEC-USD
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Phoenix ZEC
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD