Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h −0.095%

Price spread now: KuCoin against Aftermath Perps−0.194%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.194% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.194% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 3.3 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps ZECUSD	1,500.6	−0.0093	get 0.0012% / 1h	47m 48s	$46K	$58K	10x
Short	KuCoin ZECUSDTM	1,497.7	0.0100	get 0.0100% / 8h	5h 47m	$104.9M	$52.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aftermath Perps. 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 Aftermath PerpsbpFee KuCoinbpOrdersPrice spread, now −0.194%Rate

Funding earned: $40.54
Price spread: −0.194% → 0.000%: −$19.36
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $0.18
Costs to cover: 0.210%
Break-even: 7.0 days

Slippage unknown: Aftermath Perps: no order-book sample; KuCoin: live order book, 4 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	0.80 bp	8.7 bp −$9	11.6 bp −$116	doesn't fit	doesn't fit

Aftermath Perps: 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 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	−0.4130%	1h	1,490.6	−0.668%	$36K	$267K	12x	as long as short
ApeX Omni ZECUSDT	−0.0282%	1h	1,498.8	−0.120%	$410K	$949K	50x	as long as short
Ondo Perps ZEC-USD.P	−0.0219%	1h	1,496.7	−0.260%	$408K	$497K	5x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,498.2	−0.160%	$32.0M	$72.6M	75x	as long as short
Aftermath Perps ZECUSDlong	−0.0093%	1h	1,500.6	long leg	$46K	$58K	10x
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.6	+0.200%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,497.1	−0.235%	$412K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,496.4	−0.279%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,495.8	−0.320%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,496.5	−0.274%	$5.3M	—	150x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0024%	1h	1,496.1	−0.298%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0032%	1h	1,495.9	−0.313%	$919K	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0049%	1h	1,497.1	−0.230%	$682K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0060%	1h	1,503.9	+0.220%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0069%	8h	1,496	−0.304%	$302K	$826K	20x	as long as short
Aster ZECUSDT	+0.0089%	8h	1,498	−0.173%	$14.1M	$27.4M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,499.5	−0.072%	$20.0M	$39.2M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,499.8	−0.056%	$2.0M	$7.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,496	−0.305%	$169K	$1.4M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,495.2	−0.358%	$25K	$878K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,497	−0.242%	$18.4M	$46.0M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,496.2	−0.292%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,496.6	−0.267%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,498.7	−0.126%	$787.6M	$430.8M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,497	−0.239%	$1.7M	$1.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,498.9	−0.113%	$704.6M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,497.7	−0.193%	$274.6M	$588.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,497.9	−0.179%	$185.2M	$1.30B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,497.2	−0.225%	$596K	$8.4M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,498	−0.176%	$62.6M	$172.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,498.5	−0.138%	$181.1M	$826.4M	150x	as long as short
KuCoin ZECUSDTMshort	+0.0100%	8h	1,497.7	−0.194%	$104.9M	$52.8M	75x
Bitget ZECUSDT	+0.0100%	8h	1,498	−0.173%	$163.6M	$279.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,497.2	−0.228%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,497.6	−0.200%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,499.2	−0.093%	$49.3M	$34.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,499.3	−0.086%	$548K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503	+0.161%	$3.1M	$601K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,498.4	−0.145%	$111K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,496.3	−0.286%	$367K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,496.4	−0.282%	$166K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,498.6	−0.131%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,496.5	−0.276%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,496.3	−0.284%	$2.6M	$20.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,497.7	−0.192%	$4.0M	$4.8M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,505.5	+0.328%	$781K	$158K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,498.3	−0.150%	$2.7M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,496	−0.306%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0187% / S −0.0199%	1h	1,497.1	−0.230%	$348K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,499.8	−0.056%	$3.9M	$9.4M	50x	as long as short