Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0332%/8h= +36.4% APRpaid last 24h +0.091%

Price spread now: Coinbase International against Bitget+0.162%7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.249%+$25 on $10k

Price spread, last 3 days (all we have)+0.290%+$29 · spread now +0.162%, 7d avg +0.135%

Together, before fees+0.539%+$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.026% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZECUSDT	1,473.6	0.0100	pay 0.0100% / 8h	48m 55s	$163.0M	$302.8M	75x
Short	Coinbase International ZEC-PERP-INTX	1,476	0.0432	get 0.0054% / 1h	48m 55s	$3.8M	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now +0.162%Rate

Funding earned: $69.72
Price spread: +0.162% → +0.135%: $2.61
Slippage, 4 orders: −$13.72
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $36.62
Costs to cover: 0.357%
Break-even: 3.3 days

Slippage from Bitget: live order book, 5 min ago; Coinbase International: live order book, 5 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 Bitget live order book, 5 min ago	0.03 bp	6.8 bp −$7	10.9 bp −$109	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	1.90 bp	12.3 bp −$12	17.1 bp −$171	51.7 bp −$5,169	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	−0.3089%	1h	1,473.7	+0.005%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0277%	1h	1,471.3	−0.155%	$399K	$516K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,473.4	−0.013%	$17.9M	$44.5M	25x	as long as short
ApeX Omni ZECUSDT	−0.0190%	1h	1,472.5	−0.077%	$432K	$830K	50x	as long as short
BloFin ZEC-USDT	−0.0105%	8h	1,473.3	−0.020%	$29.5M	$75.6M	75x	as long as short
Bybit ZECUSDT	−0.0090%	8h	1,472.2	−0.097%	$273.6M	$657.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.5	−0.005%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0040%	8h	1,471.8	−0.121%	$46.8M	$33.6M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,472.5	−0.073%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473.4	−0.010%	$902K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,473.8	+0.011%	$84K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.3	+0.048%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0010%	8h	1,473.4	−0.013%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.1	−0.035%	$4.6M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0038%	8h	1,472.7	−0.064%	$180.6M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0044%	8h	1,473.3	−0.022%	$50.8M	$184.3M	75x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,474.4	+0.055%	$8K	$8K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0011%	1h	1,474.2	+0.045%	$366K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,474.6	+0.066%	$19.1M	$52.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,474	+0.026%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,474.9	+0.087%	$12K	$828K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.6	−0.002%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,474.5	+0.064%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,474.3	+0.048%	$765.1M	$473.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,473.3	−0.020%	$15.5M	$32.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,473.5	−0.004%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,473.2	−0.024%	$682.5M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,474.8	+0.081%	$719K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472	−0.108%	$908K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,473.5	−0.005%	$222.3M	$831.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473.3	−0.020%	$104.1M	$55.8M	75x	as long as short
Bitget ZECUSDTlong	+0.0100%	8h	1,473.6	long leg	$163.0M	$302.8M	75x
BingX ZEC-USDC	+0.0100%	8h	1,472.5	−0.071%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,472.5	−0.071%	$512K	$9.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,472.8	−0.055%	$3.0M	$466K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472	−0.106%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474	+0.028%	$347K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,473.8	+0.013%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,471.9	−0.111%	$449K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.1	+0.033%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,473.2	−0.026%	$226K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,472.4	−0.083%	$2.5M	$23.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.7	+0.005%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,473.8	+0.012%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,473.5	−0.009%	$37K	$366K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0108%	1h	1,474.4	+0.057%	$615K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,474.7	+0.072%	$836K	$1.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0422%	1h	1,474.1	+0.032%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0432%	1h	1,476	+0.162%	$3.8M	$11.0M	50x
Lighter RH ZEC	+0.0496%	1h	1,475.3	+0.115%	$2.0M	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0648%	1h	1,474.5	+0.059%	$46K	$47K	10x	as long as short