Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0199%/8h= +21.8% APRnext payment +$1.99 per $10,000 · paid last 24h +0.062%
Price spread now: KuCoin against BloFin+0.099%50s7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$360.362% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.162%+$16 on $10k
Price spread, last 4 days (all we have)−0.364%−$36 · spread now +0.099%, 7d avg −0.007%
Together, before fees−0.201%−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.105% dearer against BloFin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.007%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZEC-USDT1,477.9−0.0099get 0.0099% / 8h2h 24m$29.8M$71.7M75x
ShortKuCoin ZECUSDTM1,479.40.0100get 0.0100% / 8h2h 24m$105.3M$52.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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

Funding earned
$41.72
Price spread: +0.099% → −0.007%
$10.55
Slippage, 4 orders
−$12.2
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$16.06
Costs to cover
0.362%
Break-even
4.3 days
Slippage from BloFin: live order book, 5 min ago; KuCoin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago1.49 bp7.5 bp −$78.8 bp −$8819.5 bp −$1,948doesn't fit
Sell KuCoin live order book, 5 min ago1.39 bp9.5 bp −$1014.5 bp −$145doesn't fitdoesn't fit

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−0.3243%1h1,457.4−1.388%$34K$272K12xas long as short
BloFin ZEC-USDTlong−0.0099%8h1,477.9long leg$29.8M$71.7M75x
Hotstuff ZEC-PERP−0.0080%1h1,479+0.070%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,478.6+0.043%$411K$37K5xas long as short
Kalshi KXZECPERP0.0000%8h1,474.5−0.233%$1.6M$4.5M2.2xas long as short
Perpl ZEC0.0000%43m1,479.1+0.076%$85K$239K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0007%1h1,478.9+0.062%$5.3M150xas long as short
Orderly PERP_ZEC_USDC+0.0062%8h1,478.7+0.051%$296K$896K20xas long as short
01 Exchange ZECUSD+0.0064%1h1,479.2+0.088%$8K$7K5xas long as short
Bybit ZECUSDT+0.0092%8h1,478.6+0.044%$265.5M$593.9M75xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix ZEC+0.0092%1h1,475.1−0.192%$4.7M$1.3M10xas long as short
Popdex ZECUSDT+0.0096%1h1,479.1+0.081%$174K$1.6M50xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0099% / S −0.0054%1h1,478.6+0.047%$440K100xas long as short
Katana Perps ZEC-USD+0.0100%8h1,478.8+0.059%$12K$818K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,479+0.072%$61K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,479.6+0.113%$2.9M$6.3M10xas long as short
Hyperliquid ZEC+0.0100%1h1,479.9+0.133%$770.3M$419.3M10xas long as short
Aster ZECUSDT+0.0100%8h1,478.9+0.062%$14.5M$28.2M75xas long as short
Pacifica ZEC+0.0100%1h1,479.2+0.084%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,478.8+0.059%$686.4M$2.17B75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,478.5+0.038%$179.7M$1.22B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,474.6−0.226%$400K$433K5xas long as short
Bulk ZEC-USD+0.0100%1h1,472.4−0.374%$889K$15K10xas long as short
Gate ZEC_USDT+0.0100%8h1,478.6+0.043%$53.6M$172.5M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,478.7+0.051%$228.1M$765.2M150xas long as short
KuCoin ZECUSDTMshort+0.0100%8h1,479.4+0.099%$105.3M$52.8M75x
Bitget ZECUSDT+0.0100%8h1,478.8+0.059%$166.8M$268.7M75xas long as short
BingX ZEC-USDC+0.0100%8h1,477.6−0.026%$6.7Mas long as short
Variational Omni ZEC+0.0100%8h1,473.7−0.288%$48.3M$32.4Mas long as short
edgeX ZECUSDC+0.0100%4h1,475−0.200%$556K$8.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,474.1−0.259%$3.0M$455K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,472.9−0.339%$407K$926K50xas long as short
StandX ZEC-USD+0.0100%1h1,476.3−0.110%$50K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,478.8+0.058%$364K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,478.3+0.023%$163K$183K20xas long as short
Derive ZEC-PERP+0.0100%1h1,477.8−0.008%$451K$506K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,480.6+0.180%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,478.4+0.028%$244K$3.2M10xas long as short
HTX ZEC-USDT+0.0100%8h1,476.2−0.120%$2.7M$18.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,477.8−0.008%$3.9M$4.8M50xas long as short
Extended ZEC-USD+0.0104%1h1,478.8+0.055%$2.8M$7.8M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,478.8+0.058%$46K$152K20xas long as short
Lighter RH ZEC+0.0120%1h1,479.6+0.114%$2.1M$7.1M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0125%1h1,479.4+0.102%$623K$1.3M25xas long as short
Kraken Futures PF_ZECUSD+0.0145%1h1,478.2+0.019%$18.1M$45.6M25xas long as short
RISEx ZEC/USDC+0.0154%1h1,478.9+0.068%$934K$1.1M10xas long as short
Lighter ZEC+0.0200%1h1,479.7+0.117%$19.6M$44.1M20xas long as short
Backpack ZEC_USDC_PERP+0.0402%1h1,478.2+0.020%$2.4M$3.7M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0496%1h1,479.6+0.115%$3.7M$9.3M50xas long as short
Arcus ZEC-USD+0.0508%1h1,479.5+0.104%$657K$8.2M10xas long as short
Aftermath Perps ZECUSD+0.0713%1h1,475−0.197%$45K$49K10xas long as short