Funding arb · Price arb /

ZEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against KuCoin+0.271%113s7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.306% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.288%+$29 on $10k

Price spread, last 7 days−0.303%−$30 · spread now +0.271%, 7d avg −0.048%

Together, before fees−0.015%+ Points / potential airdropedgeX: Active · farm board−$2 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: edgeX is 0.319% dearer against KuCoin than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of −0.048%. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZECUSDTM	1,501.1	0.0100	pay 0.0100% / 8h	6h 19m	$105.0M	$54.6M	75x
Short	edgeX ZECUSDC	1,505.2	0.0100	get 0.0050% / 4h	2h 19m	$550K	$8.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.271%Rate

Funding earned: $0
Price spread: +0.271% → −0.048%: $31.94
Slippage, 4 orders: −$9.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $1.3
Costs to cover: 0.306%
Break-even: from the start

Slippage from KuCoin: live order book, 2 min ago; edgeX: live order book, 2 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, 2 min ago	0.23 bp	9.6 bp −$10	16.7 bp −$167	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	0.37 bp	4.9 bp −$5	8.7 bp −$87	doesn't fit	doesn't fit

ZEC on 50 exchanges

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	−0.3772%	1h	1,480	−1.406%	$36K	$274K	12x	as long as short
BloFin ZEC-USDT	−0.0186%	8h	1,502.2	+0.076%	$31.6M	$75.1M	75x	as long as short
Aftermath Perps ZECUSD	−0.0121%	1h	1,501.1	+0.005%	$46K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,502.9	+0.118%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0052%	1h	1,498.6	−0.165%	$408K	$507K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,500.6	−0.033%	$8K	$6K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,502.1	+0.065%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,499.4	−0.113%	$62K	$298K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,501.9	+0.053%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0009%	1h	1,500.6	−0.030%	$18.4M	$47.1M	25x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ZEC-USD	+0.0010%	1h	1,499.9	−0.077%	$413K	$34K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0075%	8h	1,499.6	−0.097%	$303K	$858K	20x	as long as short
RISEx ZEC/USDC	+0.0077%	1h	1,500.5	−0.039%	$922K	$1.3M	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,502.2	+0.076%	$19.7M	$41.2M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,502.4	+0.088%	$2.1M	$7.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,500.3	−0.050%	$172K	$1.7M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,500.9	−0.012%	$62K	$16K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,500.8	−0.018%	$19K	$879K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,501	−0.002%	$3.1M	$7.2M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,501.9	+0.055%	$787.5M	$430.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,500.6	−0.029%	$14.1M	$27.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,501.5	+0.030%	$1.7M	$2.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,501	−0.006%	$707.4M	$2.24B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,500.7	−0.028%	$275.6M	$596.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,501.1	+0.003%	$184.9M	$1.32B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,502.1	+0.065%	$597K	$8.6M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.1	−0.468%	$775K	$158K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,501	−0.007%	$61.8M	$184.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,501	−0.006%	$174.7M	$849.1M	150x	as long as short
KuCoin ZECUSDTMlong	+0.0100%	8h	1,501.1	long leg	$105.0M	$54.6M	75x
Bitget ZECUSDT	+0.0100%	8h	1,501	−0.007%	$163.7M	$285.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,501.1	+0.003%	—	$123.0M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,500.8	−0.016%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.2	+0.011%	$49.5M	$34.9M	—	as long as short
edgeX ZECUSDCshort	+0.0100%	4h	1,505.2	+0.271%	$550K	$8.9M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,501.7	+0.044%	$3.1M	$566K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.2	+0.209%	$411K	$957K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,501.9	+0.057%	$112K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,500.1	−0.065%	$371K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,500.3	−0.054%	$167K	$189K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,502.4	+0.086%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,500.2	−0.057%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,500.7	−0.026%	$2.6M	$20.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,500.9	−0.015%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,500.8	−0.018%	$2.8M	$7.4M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,499.8	−0.083%	$37K	$163K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0109%	1h	1,500.7	−0.025%	$687K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0139%	1h	1,502.9	+0.123%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0180% / S −0.0163%	1h	1,500.2	−0.062%	$372K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0336%	1h	1,502	+0.064%	$3.9M	$9.7M	50x	as long as short