Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against KuCoin−0.095%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$540.538% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 4 days (all we have)+0.459%+$46 · spread now −0.095%, 7d avg +0.033%

Together, before fees+0.564%+$56 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.127% cheaper against KuCoin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZECUSDTM	1,479.2	0.0100	pay 0.0100% / 8h	2h 24m	$105.3M	$52.7M	75x
Short	Phemex ZECUSDT	1,477.8	0.0100	get 0.0100% / 8h	2h 24m	$3.9M	$4.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → +0.033%: −$12.72
Slippage, 4 orders: −$29.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$66.49
Costs to cover: 0.538%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Phemex: live order book, 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, 4 min ago	1.39 bp	11.7 bp −$12	19.7 bp −$197	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	3.62 bp	19.0 bp −$19	32.6 bp −$326	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	1,457.4	−1.474%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0099%	8h	1,477.9	−0.087%	$29.8M	$71.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.8	−0.366%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,478.6	−0.043%	$411K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,474.5	−0.319%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,477.2	−0.140%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,477.8	−0.095%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,477.6	−0.112%	$295K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,476.1	−0.211%	$8K	$7K	5x	as long as short
Bybit ZECUSDT	+0.0092%	8h	1,478.7	−0.034%	$266.0M	$593.5M	75x	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	1,475.1	−0.279%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,476	−0.216%	$173K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0099% / S −0.0053%	1h	1,477.7	−0.102%	$440K	—	100x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,476	−0.218%	$13K	$818K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,479	−0.015%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,476.6	−0.180%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,479.4	+0.012%	$770.1M	$419.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,478.8	−0.032%	$14.5M	$28.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,479.2	−0.003%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,479	−0.017%	$683.2M	$2.17B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,478.6	−0.042%	$179.5M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,474.6	−0.312%	$400K	$433K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.4	−0.460%	$889K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,477.9	−0.088%	$53.4M	$172.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,479.1	−0.010%	$227.9M	$765.2M	150x	as long as short
KuCoin ZECUSDTMlong	+0.0100%	8h	1,479.2	long leg	$105.3M	$52.7M	75x
Bitget ZECUSDT	+0.0100%	8h	1,479	−0.018%	$166.8M	$268.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,477.5	−0.114%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,473.7	−0.374%	$48.3M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475	−0.286%	$556K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.1	−0.345%	$3.0M	$455K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.9	−0.425%	$407K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.4	−0.462%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,477.1	−0.143%	$363K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,477.7	−0.103%	$163K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,476.6	−0.174%	$451K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,480.1	+0.057%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,477.8	−0.095%	$244K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,476.2	−0.206%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDTshort	+0.0100%	8h	1,477.8	−0.095%	$3.9M	$4.8M	50x
Extended ZEC-USD	+0.0104%	1h	1,477.7	−0.101%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,477.7	−0.106%	$46K	$152K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,479.6	+0.027%	$2.1M	$7.1M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0145%	1h	1,477.7	−0.100%	$18.1M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,476.6	−0.180%	$932K	$1.1M	10x	as long as short
Lighter ZEC	+0.0200%	1h	1,479.7	+0.030%	$19.6M	$44.1M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0220%	1h	1,478.4	−0.057%	$622K	$1.3M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0402%	1h	1,478.2	−0.067%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,479.6	+0.028%	$3.7M	$9.3M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,479.5	+0.017%	$657K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0714%	1h	1,474.1	−0.347%	$45K	$49K	10x	as long as short