Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.002%

Price spread now: KuCoin against RISEx+0.040%7-day average −0.034% · 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−$22as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.201%−$20 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.040%, 7d avg −0.034%

Together, before fees−0.241%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.073% dearer against RISEx than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of −0.034%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ZEC/USDC	1,467.6	0.0374	pay 0.0047% / 1h	56m 28s	$852K	$1.0M	10x
Short	KuCoin ZECUSDTM	1,468.2	0.0100	get 0.0100% / 8h	6h 56m	$103.7M	$55.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$57.47
Price spread: +0.040% → −0.034%: $7.34
Slippage, 4 orders: −$11.61
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$79.74
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; KuCoin: live order book, 8 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 RISEx live order book, 2 min ago	1.36 bp	4.4 bp −$4	10.1 bp −$101	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	0.82 bp	11.3 bp −$11	16.8 bp −$168	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	−0.3678%	1h	1,471.5	+0.268%	$34K	$274K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0162%	1h	1,469.2	+0.108%	$399K	$516K	5x	as long as short
BloFin ZEC-USDT	−0.0114%	8h	1,469.6	+0.138%	$29.6M	$72.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.3	+0.180%	$6K	$1K	10x	as long as short
Variational Omni ZEC	−0.0007%	8h	1,467.9	+0.021%	$47.8M	$33.5M	—	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,469.6	+0.135%	$17.9M	$43.0M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,468.6	+0.070%	$414K	$103K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,471.2	+0.244%	$959K	$5.1M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,466.7	−0.063%	$83K	$405K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,468	+0.025%	$5.2M	—	150x	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	+0.0016%	1h	1,467.5	−0.011%	$8K	$9K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0024%	8h	1,469.6	+0.132%	$293K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0054%	1h	1,468.4	+0.055%	$4.6M	$1.5M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,467.9	+0.020%	$382K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0069%	8h	1,468	+0.029%	$180.4M	$1.28B	50x	as long as short
Gate ZEC_USDT	+0.0091%	8h	1,467.2	−0.028%	$49.9M	$173.1M	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,467.2	−0.026%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,467.2	−0.031%	$14K	$845K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,468.5	+0.058%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,467.2	−0.027%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.9	+0.088%	$764.6M	$451.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467.5	−0.005%	$14.9M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,468.6	+0.065%	$1.7M	$2.8M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,468	+0.027%	$681.0M	$2.34B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,468.2	+0.037%	$271.7M	$625.3M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.7	+0.207%	$895K	$17K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,468.3	+0.048%	$217.7M	$789.6M	150x	as long as short
KuCoin ZECUSDTMshort	+0.0100%	8h	1,468.2	+0.040%	$103.7M	$55.4M	75x
Bitget ZECUSDT	+0.0100%	8h	1,468.2	+0.037%	$163.1M	$286.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,467.5	−0.006%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,470	+0.165%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,470.7	+0.212%	$3.0M	$450K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,470.5	+0.196%	$428K	$883K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,471.1	+0.241%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,468.1	+0.033%	$340K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.6	0.000%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.2	+0.042%	$458K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,473.4	+0.391%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.5	+0.128%	$242K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471	+0.231%	$2.5M	$19.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,470.3	+0.183%	$3.8M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,466.7	−0.059%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,469.5	+0.127%	$52K	$163K	20x	as long as short
Lighter ZEC	+0.0128%	1h	1,470.1	+0.173%	$19.1M	$47.8M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0247%	1h	1,470.6	+0.206%	$605K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,468.6	+0.067%	$691K	$8.6M	10x	as long as short
Lighter RH ZEC	+0.0344%	1h	1,470.3	+0.181%	$2.1M	$7.0M	10x	as long as short
RISEx ZEC/USDClong	+0.0374%	1h	1,467.6	long leg	$852K	$1.0M	10x
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,472.9	+0.359%	$3.7M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0514%	1h	1,469.7	+0.143%	$2.5M	$3.8M	15x	as long as short
Aftermath Perps ZECUSD	+0.0754%	1h	1,469.7	+0.141%	$43K	$46K	10x	as long as short