Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h −0.058%

Price spread now: Kraken Futures against SunX−0.171%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1411.408% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.451%−$45 on $10k

Price spread, last 4 days (all we have)+0.607%+$61 · spread now −0.171%, 7d avg −0.070%

Together, before fees+0.155%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.101% cheaper against SunX than usual: you would sell low and buy high (spread −0.171% now, against its 7-day average of −0.070%). If the spread goes back, that is −$10 on $10k: about 3.5 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.451%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEC-USDT	1,451.4	0.0100	pay 0.0100% / 8h	5h 37m	$3K	$1.2M	20x
Short	Kraken Futures PF_ZECUSD	1,449	0.0197	get 0.0025% / 1h	37m 51s	$17.7M	$44.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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 SunXbpFee Kraken FuturesbpOrdersPrice spread, now −0.171%Rate

Funding earned: $20.29
Price spread: −0.171% → −0.070%: −$10.14
Slippage, 4 orders: −$122.83
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$130.69
Costs to cover: 1.408%
Break-even: 52.1 days

Slippage from SunX: live order book, 5 min ago; Kraken Futures: live order book, 1 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 SunX live order book, 5 min ago	29.05 bp	51.2 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	3.04 bp	10.6 bp −$11	16.2 bp −$162	26.4 bp −$2,645	115.0 bp −$57.5K

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	−0.3244%	1h	1,453.3	+0.126%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,449.6	−0.128%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0079%	8h	1,449.9	−0.103%	$29.3M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,448.4	−0.212%	$408K	$45K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,449.6	−0.125%	$957K	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,450.7	−0.052%	$83K	$248K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,448.3	−0.220%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0039%	8h	1,448.8	−0.185%	$289K	$979K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0053% / S −0.0009%	1h	1,449.4	−0.139%	$374K	—	100x	as long as short
Ondo Perps ZEC-USD.P	+0.0060%	1h	1,445.9	−0.382%	$396K	$431K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0074%	1h	1,454.9	+0.240%	$4.6M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,449.5	−0.133%	$173K	$1.8M	50x	as long as short
Gate ZEC_USDT	+0.0096%	8h	1,449.2	−0.156%	$49.2M	$172.2M	75x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,448.5	−0.202%	$13K	$855K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,449.5	−0.130%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,450.2	−0.083%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,449.9	−0.106%	$754.5M	$433.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,448.4	−0.208%	$14.4M	$28.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,449.8	−0.114%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,449.4	−0.141%	$665.4M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,448.2	−0.223%	$266.2M	$610.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,448.6	−0.195%	$178.8M	$1.23B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,458.7	+0.497%	$886K	$16K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,449.3	−0.145%	$212.3M	$773.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,450.6	−0.055%	$101.9M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,448.4	−0.207%	$160.7M	$277.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,448.4	−0.207%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,449.2	−0.158%	$2.3M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,454.9	+0.239%	$47.2M	$32.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.5	+0.345%	$567K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.3	+0.539%	$3.0M	$418K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,458.9	+0.511%	$420K	$883K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.6	−0.061%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,449.4	−0.141%	$322K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,449.7	−0.117%	$134K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,447.1	−0.301%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDTlong	+0.0100%	8h	1,451.4	long leg	$3K	$1.2M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,448.9	−0.172%	$231K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,447.9	−0.244%	$2.6M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,449.2	−0.155%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,448.6	−0.199%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,448.2	−0.222%	$48K	$155K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,450.2	−0.083%	$8K	$7K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0118%	1h	1,448.8	−0.180%	$609K	$1.3M	25x	as long as short
Lighter ZEC	+0.0168%	1h	1,450.3	−0.078%	$18.9M	$46.3M	20x	as long as short
Kraken Futures PF_ZECUSDshort	+0.0197%	1h	1,449	−0.171%	$17.7M	$44.3M	25x
Arcus ZEC-USD	+0.0277%	1h	1,452.6	+0.080%	$724K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0312%	1h	1,450.6	−0.057%	$2.0M	$6.8M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,450.2	−0.083%	$824K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,450.4	−0.070%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0709%	1h	1,456.5	+0.351%	$43K	$46K	10x	as long as short