Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%

Price spread now: dYdX against KuCoin−0.081%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$920.916% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.233%+$23 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.081%, 7d avg +0.002%

Together, before fees+0.305%+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.083% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.002%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.233%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZECUSDTM	1,453.6	0.0100	pay 0.0100% / 8h	4h 36m	$102.2M	$54.7M	75x
Short	dYdX ZEC-USD	1,452.4	0	get 0.0000% / 1h	36m 48s	$409K	$38K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$21
Price spread: −0.081% → +0.002%: −$8.27
Slippage, 4 orders: −$69.63
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$120.89
Costs to cover: 0.916%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; dYdX: live order book, 22 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, 2 min ago	0.86 bp	9.5 bp −$9	14.8 bp −$148	doesn't fit	doesn't fit
Sell dYdX live order book, 22 min ago	29.20 bp	37.5 bp −$37	90.2 bp −$902	233.0 bp −$23.3K	1396.0 bp −$698.0K

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	−0.3166%	1h	1,436.3	−1.188%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,453.2	−0.027%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0068%	8h	1,453	−0.036%	$29.3M	$70.7M	75x	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,452.4	−0.081%	$409K	$38K	5x
Kalshi KXZECPERP	0.0000%	8h	1,453.1	−0.036%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,451.6	−0.134%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,452.7	−0.061%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0061%	8h	1,452.6	−0.067%	$291K	$957K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0066% / S −0.0017%	1h	1,452.5	−0.074%	$408K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,452.4	−0.080%	$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
Popdex ZECUSDT	+0.0096%	1h	1,452.4	−0.083%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,452	−0.107%	$11K	$874K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,452.9	−0.045%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,452.4	−0.079%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,454.4	+0.056%	$756.4M	$431.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,453.4	−0.009%	$14.4M	$27.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,452.9	−0.045%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,452.7	−0.062%	$666.5M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,452.2	−0.092%	$261.5M	$601.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,452.3	−0.090%	$177.7M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,452.1	−0.101%	$394K	$440K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,450.7	−0.197%	$875K	$29K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,453.2	−0.023%	$50.1M	$173.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,452.6	−0.064%	$216.7M	$770.4M	150x	as long as short
KuCoin ZECUSDTMlong	+0.0100%	8h	1,453.6	long leg	$102.2M	$54.7M	75x
Bitget ZECUSDT	+0.0100%	8h	1,453.1	−0.030%	$165.0M	$273.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,452.5	−0.075%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,453.5	−0.002%	$2.4M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,449.4	−0.285%	$47.5M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,452.2	−0.093%	$566K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.9	−0.046%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,451.6	−0.138%	$404K	$925K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,452.4	−0.079%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,451.9	−0.115%	$365K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,453.1	−0.030%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,451.5	−0.142%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,454.4	+0.057%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,452.9	−0.046%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,452.5	−0.071%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,452.7	−0.057%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,453.3	−0.021%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,452	−0.107%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,452.5	−0.074%	$4.6M	$1.3M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0278%	1h	1,452.8	−0.055%	$18.0M	$44.9M	25x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0280%	1h	1,453.5	−0.004%	$608K	$1.3M	25x	as long as short
Lighter ZEC	+0.0328%	1h	1,454	+0.029%	$19.1M	$45.9M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,452.6	−0.068%	$919K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,454.8	+0.083%	$3.8M	$9.0M	50x	as long as short
Lighter RH ZEC	+0.0488%	1h	1,454.6	+0.072%	$2.0M	$6.9M	10x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,454.3	+0.050%	$707K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0675%	1h	1,451.9	−0.116%	$44K	$49K	10x	as long as short