Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against KuCoin−0.057%7-day average +0.008% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$298as in the Price arb table

costs, in and out, $10k−$2922.918% of the position

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.069%−$7 on $10k

Price spread, last 7 days+0.071%+$7 · spread now −0.057%, 7d avg +0.008%

Together, before fees+0.002%$0 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 gTrade (Gains Network) is 0.066% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZECUSDTM	1,479.5	0.0100	pay 0.0100% / 8h	1h 40m	$101.5M	$57.2M	75x
Short	gTrade (Gains Network) ZEC/USD	1,478.6	L +0.0007% / S −0.0006%	get 0.0001% / 1h	40m 12s	$5.2M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.057%Rate

Funding earned: −$19.67
Price spread: −0.057% → +0.008%: −$6.59
Slippage, 4 orders: −$269.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$318.08
Costs to cover: 2.918%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; gTrade (Gains Network): virtual book (oracle venue), 4 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, 9 min ago	1.31 bp	12.8 bp −$13	14.2 bp −$142	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago	130.02 bp	135.0 bp −$135	584.7 bp −$5,847	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	−0.3684%	1h	1,484.2	+0.320%	$34K	$273K	12x	as long as short
Bulk ZEC-USD	−0.0118%	1h	1,480.8	+0.092%	$895K	$15K	10x	as long as short
BloFin ZEC-USDT	−0.0116%	8h	1,485.3	+0.398%	$30.6M	$73.9M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,479.1	−0.027%	$17.9M	$46.8M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,483.8	+0.296%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,484.1	+0.314%	$412K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,482.8	+0.229%	$1.6M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,482.6	+0.213%	$61K	$297K	10x	as long as short
gTrade (Gains Network) ZEC/USDshort	L +0.0007% / S −0.0006%	1h	1,478.6	−0.057%	$5.2M	—	150x
Deribit ZEC_USDC-PERPETUAL	+0.0025%	1h	1,479.6	+0.013%	$676K	$1.4M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0075%	8h	1,478.9	−0.037%	$298K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,483.5	+0.272%	$158K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,481.1	+0.112%	$2.8M	$6.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,479.3	−0.012%	$13.8M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,483.6	+0.277%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,479.6	+0.009%	$688.8M	$2.29B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,479.3	−0.008%	$266.9M	$630.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,479.4	−0.001%	$179.1M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,484.2	+0.321%	$405K	$505K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,479.7	+0.015%	$54.1M	$181.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,479.6	+0.011%	$234.4M	$779.5M	150x	as long as short
KuCoin ZECUSDTMlong	+0.0100%	8h	1,479.5	long leg	$101.5M	$57.2M	75x
Bitget ZECUSDT	+0.0100%	8h	1,479.2	−0.018%	$159.5M	$288.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,478.8	−0.047%	—	$114.9M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,485.6	+0.418%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,484.9	+0.367%	$48.5M	$33.9M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,484.8	+0.360%	$568K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,481.4	+0.132%	$3.0M	$488K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,486.5	+0.476%	$411K	$933K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,483	+0.238%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,482.9	+0.233%	$358K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,479.9	+0.031%	$163K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,483.1	+0.250%	$453K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,485.7	+0.422%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,479.2	−0.014%	$252K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,477.5	−0.130%	$2.6M	$19.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,480	+0.037%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,483.5	+0.271%	$61K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,483.6	+0.283%	$11K	$862K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,479.5	+0.003%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,479	−0.029%	$42K	$152K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0127% / S −0.0117%	1h	1,479.3	−0.011%	$434K	—	100x	as long as short
01 Exchange ZECUSD	+0.0128%	1h	1,484.1	+0.313%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,483.7	+0.286%	$928K	$1.2M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,485.3	+0.394%	$4.7M	$1.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0159%	1h	1,483.5	+0.272%	$47K	$64K	10x	as long as short
Hyperliquid ZEC	+0.0207%	1h	1,481.5	+0.139%	$769.7M	$442.2M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,485.5	+0.410%	$627K	$8.6M	10x	as long as short
Lighter ZEC	+0.0272%	1h	1,480.8	+0.091%	$19.4M	$45.6M	20x	as long as short
Lighter RH ZEC	+0.0280%	1h	1,481	+0.107%	$2.1M	$7.4M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,480.4	+0.065%	$3.6M	$10.0M	50x	as long as short