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Funding arb · Price arb /

ZEC

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:23 UTC−0.0547%/8h= −59.8% APRpaid last 24h −0.028%
Price spread now: Perpl against KuCoin+0.212%7-day average −0.025% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on Perpl
What this pair did over the last
the charts below follow
Funding, last 7 days+0.071%+$7 on $10k
Price spread, last 4 days (all we have)+1.531%+$153 · spread now +0.212%, 7d avg −0.025%
Together, before fees+1.602%+ Points / potential airdropPerpl: Active · farm board+$160 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Perpl is 0.237% dearer against KuCoin than usual: you sell high and buy low (spread +0.212% now, against its 7-day average of −0.025%): +$24 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 35 hours. Mind the row above: over the last 7 days funding on this pair paid +0.071%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.071% in total (about 3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZECUSDTM1,512.40.0100pay 0.0100% / 8h7h 56m$103.4M$57.4M75x
ShortPerpl ZEC1,515.6−0.0447pay 0.0040% / 43m28m 55s$62K$305K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$114.77
Price spread: +0.212% → −0.025%
$23.7
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$116.86
Costs to cover
0.258%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 2 min ago; Perpl: no order-book sample. Net counts fees only.

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, 2 min ago0.53 bp10.6 bp −$1115.5 bp −$155doesn't fitdoesn't fit
Sell Perpl no order-book sample—————
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.3702%1h1,500.2−0.803%$37K$275K12xas long as short
Bulk ZEC-USD−0.0463%1h1,515.3+0.190%$779K$147K10xas long as short
Perpl ZECshort−0.0447%43m1,515.6+0.212%$62K$305K10x
BloFin ZEC-USDT−0.0164%8h1,513.7+0.087%$31.5M$77.0M75xas long as short
Aftermath Perps ZECUSD−0.0114%1h1,513.8+0.094%$48K$59K10xas long as short
Gate ZEC_USDT−0.0090%8h1,513.3+0.061%$60.0M$182.3M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,517.5+0.339%$6K$1K10xas long as short
Bybit ZECUSDT−0.0030%8h1,511.5−0.058%$272.0M$629.1M75xas long as short
dYdX ZEC-USD0.0000%1h1,516.6+0.275%$421K$34K5xas long as short
Kalshi KXZECPERP0.0000%8h1,516.9+0.300%$1.6M$5.0M2.2xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,514.8+0.160%$692K$1.4M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,514.5+0.140%$5.4M—150xas long as short
01 Exchange ZECUSD+0.0016%1h1,516.5+0.269%$8K$6K5xas long as short
Kraken Futures PF_ZECUSD+0.0019%1h1,514.6+0.145%$18.3M$47.8M25xas long as short
Ondo Perps ZEC-USD.P+0.0054%1h1,513.3+0.060%$413K$554K5xas long as short
Orderly PERP_ZEC_USDC+0.0084%8h1,514.4+0.134%$305K$860K20xas long as short
Phoenix ZEC+0.0096%1h1,514.3+0.124%$4.8M$1.4M10xas long as short
Lighter RH ZEC+0.0096%1h1,515.2+0.185%$2.1M$7.4M10xas long as short
Popdex ZECUSDT+0.0096%1h1,516+0.237%$176K$1.8M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,516.6+0.276%$63K$19K10xas long as short
Katana Perps ZEC-USD+0.0100%8h1,515.5+0.205%$16K$898K10xas long as short
Nado ZEC-PERP+0.0100%1h1,516.6+0.278%$3.1M$7.7M10xas long as short
Hyperliquid ZEC+0.0100%1h1,513.4+0.067%$791.8M$448.3M10xas long as short
Aster ZECUSDT+0.0100%8h1,512.1−0.021%$14.2M$30.9M75xas long as short
Pacifica ZEC+0.0100%1h1,516.9+0.299%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,511.7−0.046%$714.4M$2.34B75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,511.5−0.058%$182.9M$1.38B50xas long as short
Arcus ZEC-USD+0.0100%1h1,517+0.305%$597K$8.9M10xas long as short
MEXC ZEC_USDT+0.0100%8h1,511.8−0.040%$356.3M$816.7M150xas long as short
KuCoin ZECUSDTMlong+0.0100%8h1,512.4long leg$103.4M$57.4M75x
Bitget ZECUSDT+0.0100%8h1,511.8−0.042%$163.2M$294.4M75xas long as short
BingX ZEC-USDT+0.0100%8h1,511.4−0.063%—$119.9M—as long as short
Variational Omni ZEC+0.0100%8h1,513.8+0.092%$50.0M$35.6M—as long as short
edgeX ZECUSDC+0.0100%4h1,515.1+0.180%$580K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,515.9+0.233%$3.1M$532K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,515.1+0.177%$417K$949K50xas long as short
StandX ZEC-USD+0.0100%1h1,517.7+0.350%$54K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,515.7+0.219%$376K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,515.2+0.186%$169K$193K20xas long as short
Derive ZEC-PERP+0.0100%1h1,512.3−0.005%$452K$408K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,517.4+0.329%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,514.1+0.116%$256K$3.6M10xas long as short
HTX ZEC-USDT+0.0100%8h1,514.3+0.126%$2.7M$21.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,514.2+0.121%$4.0M$4.9M50xas long as short
Lighter ZEC+0.0104%1h1,514.7+0.150%$19.7M$43.8M20xas long as short
Extended ZEC-USD+0.0104%1h1,511.6−0.049%$2.7M$8.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,514.7+0.151%$43K$151K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0152% / S −0.0153%1h1,514.3+0.129%$336K—100xas long as short
RISEx ZEC/USDC+0.0157%1h1,515.1+0.179%$966K$1.1M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0368%1h1,516+0.239%$3.7M$9.8M50xas long as short
Backpack ZEC_USDC_PERP+0.0538%1h1,513.9+0.099%$2.4M$3.8M15xas long as short