Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against KuCoin+0.041%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$291as in the Price arb table

costs, in and out, $10k−$2952.947% of the position

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.079%−$8 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.041%, 7d avg +0.009%

Together, before fees−0.119%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.032% dearer against KuCoin than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of +0.009%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZECUSDTM	1,497.4	0.0100	pay 0.0100% / 8h	6h 59m	$102.6M	$55.2M	75x
Short	gTrade (Gains Network) ZEC/USD	1,498	L +0.0007% / S −0.0006%	get 0.0001% / 1h	59m 43s	$5.3M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.041%Rate

Funding earned: −$19.69
Price spread: +0.041% → +0.009%: $3.23
Slippage, 4 orders: −$272.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$311.13
Costs to cover: 2.947%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; gTrade (Gains Network): virtual book (oracle venue), 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, 9 min ago	2.24 bp	12.1 bp −$12	17.5 bp −$175	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago	130.05 bp	135.0 bp −$135	584.7 bp −$5,847	doesn't fit	doesn't fit

ZEC on 50 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	1,478.9	−1.231%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,496.7	−0.044%	$61K	$307K	10x	as long as short
Aftermath Perps ZECUSD	−0.0240%	1h	1,498.9	+0.105%	$46K	$60K	10x	as long as short
BloFin ZEC-USDT	−0.0154%	8h	1,499.1	+0.117%	$31.7M	$75.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,498.7	+0.085%	$6K	$1K	10x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,498.7	+0.090%	$1.5M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USDshort	L +0.0007% / S −0.0006%	1h	1,498	+0.041%	$5.3M	—	150x
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,498.4	+0.072%	$18.3M	$47.4M	25x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,498.9	+0.103%	$8K	$6K	5x	as long as short
dYdX ZEC-USD	+0.0064%	1h	1,498.1	+0.049%	$413K	$34K	5x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0082%	1h	1,497.9	+0.032%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,497.7	+0.023%	$302K	$860K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,498.1	+0.047%	$19.6M	$40.2M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,498.5	+0.077%	$2.1M	$7.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,498.9	+0.102%	$176K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,496.9	−0.032%	$62K	$16K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,498.6	+0.084%	$15K	$885K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,498.3	+0.061%	$3.1M	$7.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,496.6	−0.049%	$14.0M	$29.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,497.4	0.000%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,497.1	−0.018%	$706.6M	$2.28B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,496.1	−0.085%	$272.8M	$606.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,496.7	−0.044%	$186.0M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,495.1	−0.152%	$407K	$529K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,498.3	+0.060%	$606K	$8.7M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,501.6	+0.279%	$772K	$147K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,496.8	−0.037%	$60.4M	$189.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,497.2	−0.009%	$406.0M	$803.8M	150x	as long as short
KuCoin ZECUSDTMlong	+0.0100%	8h	1,497.4	long leg	$102.6M	$55.2M	75x
Bitget ZECUSDT	+0.0100%	8h	1,497	−0.023%	$163.1M	$290.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,497.1	−0.016%	—	$120.0M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,498.5	+0.075%	$2.3M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,497	−0.023%	$49.5M	$35.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,499.6	+0.151%	$548K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,499.1	+0.113%	$3.1M	$561K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,499	+0.112%	$412K	$955K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,500.6	+0.215%	$50K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,498.9	+0.102%	$372K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,498.1	+0.051%	$168K	$190K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,500.4	+0.200%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,498.1	+0.049%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,498.7	+0.091%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,498.5	+0.075%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,496.6	−0.054%	$2.7M	$7.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,498.1	+0.047%	$43K	$157K	20x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,498.8	+0.097%	$988K	$1.2M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0167% / S −0.0166%	1h	1,498.9	+0.103%	$341K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0205%	1h	1,498.7	+0.087%	$686K	$1.3M	25x	as long as short
Hyperliquid ZEC	+0.0258%	1h	1,498.6	+0.082%	$785.4M	$445.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,499.7	+0.156%	$3.9M	$9.8M	50x	as long as short