Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0408%/8h= +44.7% APRpaid last 24h +0.038%

Price spread now: Arcus against KuCoin+0.042%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.085%+$8 on $10k

Price spread, last 7 days+0.020%+$2 · spread now +0.042%, 7d avg +0.052%

Together, before fees+0.105%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.085% in total (about 8.4% 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	KuCoin ZECUSDTM	1,495.4	0.0100	pay 0.0100% / 8h	2h 04m	$103.1M	$56.1M	75x
Short	Arcus ZEC-USD	1,496	0.0508	get 0.0064% / 1h	4m 11s	$620K	$8.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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 KuCoinbpFee ArcusbpOrdersPrice spread, now +0.042%Rate

Funding earned: $85.76
Price spread: +0.042% → +0.052%: −$1.02
Slippage, 4 orders: −$16.24
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $52
Costs to cover: 0.327%
Break-even: 2.8 days

Slippage from KuCoin: live order book, 5 min ago; Arcus: live order book, 5 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 KuCoin live order book, 5 min ago	0.03 bp	11.3 bp −$11	20.8 bp −$208	doesn't fit	doesn't fit
Sell Arcus live order book, 5 min ago	0.00 bp	7.3 bp −$7	10.9 bp −$109	doesn't fit	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	−0.3243%	1h	1,479.2	−1.083%	$34K	$273K	12x	as long as short
Bulk ZEC-USD	−0.0279%	1h	1,512.6	+1.154%	$914K	$15K	10x	as long as short
BloFin ZEC-USDT	−0.0119%	8h	1,495.2	−0.009%	$30.5M	$73.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,495.5	+0.011%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,495.1	−0.018%	$415K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,495.8	+0.026%	$1.7M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,495.3	−0.007%	$85K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,495	−0.021%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0070%	8h	1,494.6	−0.049%	$293K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,494.9	−0.029%	$8K	$7K	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	+0.0092%	1h	1,500.8	+0.364%	$4.8M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,494.8	−0.036%	$152K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,495	−0.024%	$2.8M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,496.7	+0.090%	$780.7M	$438.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,494.9	−0.033%	$14.2M	$29.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,495.2	−0.008%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,494.6	−0.051%	$694.2M	$2.27B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,495	−0.025%	$274.3M	$620.6M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,495.3	−0.007%	$181.2M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,495.9	+0.036%	$407K	$481K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,495.3	−0.007%	$54.1M	$182.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,494.9	−0.029%	$225.6M	$784.0M	150x	as long as short
KuCoin ZECUSDTMlong	+0.0100%	8h	1,495.4	long leg	$103.1M	$56.1M	75x
Bitget ZECUSDT	+0.0100%	8h	1,495.2	−0.009%	$161.2M	$285.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,494.2	−0.076%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,498.3	+0.199%	$49.0M	$33.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,496.9	+0.100%	$573K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,498.9	+0.237%	$3.1M	$477K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,499.7	+0.290%	$415K	$930K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,496.5	+0.075%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,495.1	−0.017%	$362K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,495.2	−0.011%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.7	−0.112%	$456K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,496.8	+0.096%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,494.2	−0.076%	$254K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,494.1	−0.085%	$2.6M	$19.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,494.6	−0.052%	$4.0M	$5.0M	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0100%	1h	1,495.1	−0.020%	$711K	$1.4M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,495.6	+0.017%	$62K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,494.6	−0.049%	$12K	$858K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,494.2	−0.077%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,494.2	−0.075%	$45K	$149K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0109% / S −0.0085%	1h	1,494.8	−0.039%	$404K	—	100x	as long as short
Kraken Futures PF_ZECUSD	+0.0144%	1h	1,494.5	−0.059%	$18.1M	$46.2M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,494.8	−0.038%	$933K	$1.2M	10x	as long as short
Lighter ZEC	+0.0216%	1h	1,495.7	+0.022%	$19.6M	$45.9M	20x	as long as short
Lighter RH ZEC	+0.0216%	1h	1,496.3	+0.062%	$2.1M	$7.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0360%	1h	1,495.8	+0.032%	$2.3M	$3.8M	15x	as long as short
Aftermath Perps ZECUSD	+0.0399%	1h	1,498.8	+0.232%	$50K	$61K	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,496.5	+0.074%	$3.7M	$9.9M	50x	as long as short
Arcus ZEC-USDshort	+0.0508%	1h	1,496	+0.042%	$620K	$8.5M	10x