Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h −0.001%

Price spread now: Deribit against KuCoin+0.165%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 4 days (all we have)+1.428%+$143 · spread now +0.165%, 7d avg +0.075%

Together, before fees+1.569%+$157 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.089% dearer against KuCoin than usual: you sell high and buy low (spread +0.165% now, against its 7-day average of +0.075%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.141%, 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	1,515.8	0.0100	pay 0.0100% / 8h	7h 49m	$103.6M	$57.4M	75x
Short	Deribit ZEC_USDC-PERPETUAL	1,518.3	0.0063	get 0.0008% / 1h	49m 08s	$693K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.165%Rate

Funding earned: −$7.7
Price spread: +0.165% → +0.075%: $8.94
Slippage, 4 orders: −$22.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$40.1
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Deribit: 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 KuCoin live order book, 10 min ago	0.53 bp	10.6 bp −$11	15.5 bp −$155	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	5.92 bp	10.0 bp −$10	15.0 bp −$150	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	−0.3702%	1h	1,494.3	−1.416%	$36K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0463%	1h	1,515.3	−0.033%	$779K	$147K	10x	as long as short
Perpl ZEC	−0.0447%	43m	1,517.5	+0.116%	$62K	$305K	10x	as long as short
ApeX Omni ZECUSDT	−0.0275%	1h	1,515.6	−0.014%	$416K	$951K	50x	as long as short
BloFin ZEC-USDT	−0.0161%	8h	1,518.4	+0.176%	$31.8M	$77.2M	75x	as long as short
Aftermath Perps ZECUSD	−0.0135%	1h	1,516.1	+0.024%	$48K	$59K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,519.7	+0.259%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,519.1	+0.222%	$422K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,517.2	+0.092%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,518.2	+0.158%	$5.4M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,518.1	+0.152%	$18.4M	$47.8M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,519.5	+0.248%	$8K	$6K	5x	as long as short
Deribit ZEC_USDC-PERPETUALshort	+0.0063%	1h	1,518.3	+0.165%	$693K	$1.4M	25x
Phoenix ZEC	+0.0082%	1h	1,518.9	+0.203%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,517.5	+0.115%	$306K	$861K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,518.8	+0.202%	$19.6M	$44.4M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,519.1	+0.220%	$2.1M	$7.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,519.5	+0.245%	$173K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,519.5	+0.244%	$63K	$19K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,519	+0.212%	$16K	$900K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,519.2	+0.227%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,516.6	+0.053%	$794.2M	$448.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,515.6	−0.014%	$14.2M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,519.8	+0.263%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,516	+0.015%	$716.6M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,515.3	−0.034%	$272.5M	$629.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,515.2	−0.035%	$184.7M	$1.38B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,516.8	+0.068%	$413K	$548K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,519.4	+0.241%	$596K	$9.0M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,515.8	−0.001%	$60.3M	$183.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,512	−0.252%	$412.3M	$828.0M	150x	as long as short
KuCoin ZECUSDTMlong	+0.0100%	8h	1,515.8	long leg	$103.6M	$57.4M	75x
Bitget ZECUSDT	+0.0100%	8h	1,516	+0.018%	$163.6M	$294.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,516.2	+0.026%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,517.7	+0.128%	$50.1M	$35.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,514	−0.116%	$565K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,516.8	+0.070%	$3.1M	$519K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,518.4	+0.170%	$51K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,519.4	+0.239%	$377K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,516.8	+0.067%	$170K	$194K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,516.9	+0.074%	$453K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,521.5	+0.379%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,517.7	+0.125%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,516.6	+0.053%	$2.7M	$21.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,516.6	+0.053%	$4.1M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,517.7	+0.127%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,517.7	+0.126%	$43K	$150K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0154% / S −0.0156%	1h	1,518.2	+0.158%	$337K	—	100x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,519.4	+0.239%	$969K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,520.8	+0.329%	$3.7M	$9.9M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0558%	1h	1,516.4	+0.038%	$2.4M	$3.8M	15x	as long as short