Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%

Price spread now: Variational Omni against KuCoin+0.682%7-day average −0.024% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days−0.711%−$71 · spread now +0.682%, 7d avg −0.024%

Together, before fees−0.712%+ Points / potential airdropVariational Omni: Active · farm board−$71 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: Variational Omni is 0.706% dearer against KuCoin than usual: you sell high and buy low, +$71 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZECUSDTM	1,474.8	0.0100	pay 0.0100% / 8h	1h 36m	$100.9M	$57.4M	75x
Short	Variational Omni ZEC	1,484.9	0.0100	get 0.0100% / 8h	1h 36m	$48.5M	$33.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee KuCoinbpFee Variational OmnibpOrdersPrice spread, now +0.682%Rate

Funding earned: $0
Price spread: +0.682% → −0.024%: $70.58
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $58.58
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 3 min ago	1.32 bp	11.6 bp −$12	17.8 bp −$178	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.80 bp	doesn't fit	3.3 bp −$33	12.4 bp −$1,237	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	−0.3684%	1h	1,477.1	+0.155%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0125%	8h	1,476.2	+0.096%	$30.4M	$73.6M	75x	as long as short
Bulk ZEC-USD	−0.0118%	1h	1,480.8	+0.407%	$895K	$15K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,474.5	−0.020%	$17.8M	$47.1M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,476.4	+0.107%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,475	+0.015%	$410K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,475.6	+0.054%	$1.5M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,474.1	−0.051%	$64K	$301K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.7	−0.007%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0076%	8h	1,474.5	−0.024%	$297K	$1.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,475	+0.009%	$161K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,474.5	−0.019%	$13K	$866K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,475	+0.009%	$2.7M	$7.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,474.3	−0.033%	$13.8M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,475.3	+0.032%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474.8	+0.001%	$687.4M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,474.2	−0.043%	$265.1M	$632.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,474.4	−0.032%	$178.5M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,481.9	+0.480%	$403K	$510K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,474.7	−0.010%	$54.0M	$182.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,474.9	+0.004%	$232.4M	$781.5M	150x	as long as short
KuCoin ZECUSDTMlong	+0.0100%	8h	1,474.8	long leg	$100.9M	$57.4M	75x
Bitget ZECUSDT	+0.0100%	8h	1,474.7	−0.012%	$158.7M	$288.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,474.9	+0.003%	—	$115.2M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,476.6	+0.117%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZECshort	+0.0100%	8h	1,484.9	+0.682%	$48.5M	$33.9M	—
edgeX ZECUSDC	+0.0100%	4h	1,479	+0.282%	$565K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,484.3	+0.644%	$3.0M	$488K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,485	+0.693%	$409K	$934K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,476.7	+0.126%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474.2	−0.042%	$356K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,474.8	−0.002%	$162K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,478	+0.215%	$451K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,477	+0.147%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,474.8	−0.004%	$251K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,475.8	+0.069%	$2.6M	$19.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,475	+0.015%	$3.9M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,475.5	+0.047%	$61K	$43K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,474.7	−0.008%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,474.6	−0.015%	$42K	$152K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0128% / S −0.0120%	1h	1,474.4	−0.028%	$427K	—	100x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,474.7	−0.006%	$922K	$1.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0129%	1h	1,479.5	+0.319%	$47K	$64K	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,478.6	+0.258%	$4.7M	$1.4M	10x	as long as short
01 Exchange ZECUSD	+0.0144%	1h	1,475.5	+0.045%	$8K	$7K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0178%	1h	1,475.2	+0.028%	$674K	$1.4M	25x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,477.1	+0.156%	$636K	$8.6M	10x	as long as short
Hyperliquid ZEC	+0.0222%	1h	1,476.1	+0.087%	$766.9M	$441.3M	10x	as long as short
Lighter RH ZEC	+0.0264%	1h	1,476.5	+0.111%	$2.1M	$7.4M	10x	as long as short
Lighter ZEC	+0.0288%	1h	1,476.4	+0.107%	$19.4M	$45.7M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,476.9	+0.144%	$3.6M	$10.0M	50x	as long as short