Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h −0.041%

Price spread now: Kraken Futures against Gate−0.003%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$420.415% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 4 days (all we have)+0.492%+$49 · spread now −0.003%, 7d avg +0.035%

Together, before fees+0.368%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.038% cheaper against Gate than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.035%). If the spread goes back, that is −$4 on $10k: about 13 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.5% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZEC_USDT	1,460.3	0.0100	pay 0.0100% / 8h	3h 21m	$51.5M	$172.0M	75x
Short	Kraken Futures PF_ZECUSD	1,460.3	0.0332	get 0.0041% / 1h	21m 19s	$18.1M	$45.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now −0.003%Rate

Funding earned: $48.68
Price spread: −0.003% → +0.035%: −$3.8
Slippage, 4 orders: −$16.5
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $3.37
Costs to cover: 0.415%
Break-even: 6.5 days

Slippage from Gate: live order book, 3 min ago; Kraken Futures: live order book, 3 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 Gate live order book, 3 min ago	0.62 bp	12.7 bp −$13	18.7 bp −$187	33.8 bp −$3,377	55.7 bp −$27.9K
Sell Kraken Futures live order book, 3 min ago	0.86 bp	9.7 bp −$10	14.4 bp −$144	25.8 bp −$2,581	79.4 bp −$39.7K

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	−0.3042%	1h	1,441.9	−1.263%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,461	+0.049%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,457.1	−0.220%	$29.4M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,459.6	−0.049%	$411K	$35K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,460	−0.021%	$83K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,460.4	+0.004%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,460.2	−0.006%	$292K	$932K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0085% / S −0.0036%	1h	1,460.4	+0.009%	$434K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,460.7	+0.025%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,461	+0.049%	$14K	$817K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ZEC-USD-PERP	+0.0100%	8h	1,460.8	+0.033%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,460.5	+0.014%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,460.4	+0.003%	$14.6M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,461	+0.048%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,460.5	+0.009%	$672.1M	$2.18B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,459.9	−0.026%	$261.5M	$594.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,460.4	+0.003%	$179.2M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,456.9	−0.234%	$396K	$434K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.9	−0.166%	$881K	$17K	10x	as long as short
Gate ZEC_USDTlong	+0.0100%	8h	1,460.3	long leg	$51.5M	$172.0M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,460.6	+0.018%	$220.2M	$771.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,460.6	+0.022%	$103.0M	$53.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,460.8	+0.032%	$166.0M	$268.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,459.5	−0.055%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,455.5	−0.333%	$47.7M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,457.5	−0.193%	$567K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.6	−0.258%	$3.0M	$463K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,457.2	−0.216%	$402K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,458	−0.162%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,460.5	+0.012%	$355K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,460.4	+0.006%	$161K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,459.5	−0.059%	$446K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,462.8	+0.171%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,460.4	+0.005%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,459.6	−0.049%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,460.2	−0.008%	$3.8M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,460.3	−0.002%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,460	−0.024%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,457.6	−0.190%	$4.6M	$1.3M	10x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,462.3	+0.136%	$2.1M	$7.0M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,461.1	+0.056%	$8K	$7K	5x	as long as short
Hyperliquid ZEC	+0.0144%	1h	1,461.8	+0.101%	$761.3M	$424.4M	10x	as long as short
Lighter ZEC	+0.0152%	1h	1,462.3	+0.137%	$19.4M	$45.2M	20x	as long as short
Kalshi KXZECPERP	+0.0178%	8h	1,457.3	−0.206%	$1.5M	$4.4M	2.2x	as long as short
Backpack ZEC_USDC_PERP	+0.0204%	1h	1,457.7	−0.177%	$2.4M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,460.8	+0.034%	$924K	$1.1M	10x	as long as short
Kraken Futures PF_ZECUSDshort	+0.0332%	1h	1,460.3	−0.003%	$18.1M	$45.2M	25x
Deribit ZEC_USDC-PERPETUAL	+0.0340%	1h	1,461.3	+0.066%	$615K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,461.9	+0.108%	$698K	$8.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,463	+0.184%	$3.8M	$9.2M	50x	as long as short
Aftermath Perps ZECUSD	+0.0677%	1h	1,457.9	−0.165%	$45K	$49K	10x	as long as short