Funding arb · Price arb /

ZEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:14 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.024%

Price spread now: KuCoin against Perpl+0.001%7-day average +0.028% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Perpl Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$8 on $10k

Price spread, last 4 days (all we have)−0.428%−$43 · spread now +0.001%, 7d avg +0.028%

Together, before fees−0.503%+ Points / potential airdropPerpl: Active · farm board−$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.027% cheaper against Perpl than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.028%). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.075%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl ZEC	1,496.1	0	get 0.0000% / 43m	28m 14s	$86K	$239K	10x
Short	KuCoin ZECUSDTM	1,496.1	0.0100	get 0.0100% / 8h	2h 05m	$103.1M	$56.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Perpl. 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 PerplbpFee KuCoinbpOrdersPrice spread, now +0.001%Rate

Funding earned: $21
Price spread: +0.001% → +0.028%: −$2.68
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$7.48
Costs to cover: 0.258%
Break-even: 9.5 days

Slippage unknown: Perpl: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

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 Perpl no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	0.03 bp	11.9 bp −$12	18.4 bp −$184	doesn't fit	doesn't fit

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−1.133%	$34K	$273K	12x	as long as short
Bulk ZEC-USD	−0.0279%	1h	1,512.6	+1.103%	$914K	$15K	10x	as long as short
BloFin ZEC-USDT	−0.0119%	8h	1,495.2	−0.059%	$30.5M	$73.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,499.7	+0.237%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,498.3	+0.144%	$416K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,496.1	+0.002%	$1.7M	$4.6M	2.2x	as long as short
Perpl ZEClong	0.0000%	43m	1,496.1	long leg	$86K	$239K	10x
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,495.6	−0.035%	$711K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,495.7	−0.028%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0069%	8h	1,495.6	−0.035%	$298K	$1.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0088%	1h	1,496	−0.005%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0092%	1h	1,500.8	+0.313%	$4.8M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,496	−0.006%	$152K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,496.4	+0.017%	$2.8M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,497.2	+0.073%	$780.9M	$437.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,495.7	−0.024%	$14.2M	$29.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,498.4	+0.155%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,495.4	−0.049%	$694.6M	$2.27B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,494.6	−0.104%	$274.0M	$620.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,495.6	−0.037%	$181.1M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,495.9	−0.014%	$407K	$481K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,495.7	−0.028%	$53.9M	$182.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,495.8	−0.020%	$225.9M	$783.5M	150x	as long as short
KuCoin ZECUSDTMshort	+0.0100%	8h	1,496.1	+0.001%	$103.1M	$56.1M	75x
Bitget ZECUSDT	+0.0100%	8h	1,495.6	−0.037%	$161.3M	$284.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,496.2	+0.007%	—	$114.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,498.3	+0.149%	$49.0M	$33.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,496.9	+0.050%	$573K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,498.9	+0.187%	$3.1M	$477K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,499.7	+0.240%	$415K	$930K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,499.2	+0.209%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,495.5	−0.041%	$362K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,495.7	−0.029%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,494.2	−0.126%	$456K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,498.3	+0.148%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,495.4	−0.047%	$255K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,495	−0.074%	$2.6M	$19.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,495.3	−0.051%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,497.1	+0.067%	$62K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,496.1	+0.001%	$13K	$856K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,495	−0.073%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,495.1	−0.065%	$45K	$149K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0108% / S −0.0084%	1h	1,495.4	−0.051%	$404K	—	100x	as long as short
Kraken Futures PF_ZECUSD	+0.0144%	1h	1,495.4	−0.045%	$18.1M	$46.2M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,496.2	+0.006%	$934K	$1.2M	10x	as long as short
Lighter ZEC	+0.0216%	1h	1,497	+0.059%	$19.6M	$45.9M	20x	as long as short
Lighter RH ZEC	+0.0216%	1h	1,497	+0.060%	$2.1M	$7.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0369%	1h	1,499.9	+0.251%	$2.3M	$3.8M	15x	as long as short
Aftermath Perps ZECUSD	+0.0417%	1h	1,500	+0.257%	$50K	$61K	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,497.8	+0.112%	$3.7M	$9.9M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,497.9	+0.117%	$618K	$8.5M	10x	as long as short