Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0026%/8h= −2.9% APRpaid last 24h −0.046%

Price spread now: BloFin against Kraken Futures+0.032%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 3 days (all we have)−0.459%−$46 · spread now +0.032%, 7d avg −0.023%

Together, before fees−0.417%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.055% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.023%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZECUSD	1,480.7	−0.0052	get 0.0006% / 1h	31m 13s	$18.1M	$44.9M	25x
Short	BloFin ZEC-USDT	1,481.1	−0.0078	pay 0.0078% / 8h	3h 31m	$29.6M	$78.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Kraken Futures. 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 Kraken FuturesbpFee BloFinbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$5.5
Price spread: +0.032% → −0.023%: $5.5
Slippage, 4 orders: −$10.74
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$32.74
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; BloFin: live order book, 3 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 Kraken Futures live order book, 3 min ago	1.56 bp	12.0 bp −$12	16.4 bp −$164	26.5 bp −$2,648	73.7 bp −$36.9K
Sell BloFin live order book, 3 min ago	0.03 bp	6.1 bp −$6	6.5 bp −$65	7.9 bp −$789	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	−0.3181%	1h	1,480.9	+0.013%	$34K	$159K	12x	as long as short
Variational Omni ZEC	−0.0090%	8h	1,479.3	−0.092%	$47.8M	$30.5M	—	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,480.6	−0.006%	$6K	$2K	10x	as long as short
BloFin ZEC-USDTshort	−0.0078%	8h	1,481.1	+0.032%	$29.6M	$78.1M	75x
Bybit ZECUSDT	−0.0064%	8h	1,480.7	+0.001%	$277.8M	$690.3M	75x	as long as short
Kraken Futures PF_ZECUSDlong	−0.0052%	1h	1,480.7	long leg	$18.1M	$44.9M	25x
ApeX Omni ZECUSDT	−0.0046%	1h	1,478.8	−0.127%	$735K	$604K	50x	as long as short
Orderly PERP_ZEC_USDC	−0.0006%	8h	1,480.5	−0.011%	$288K	$1.5M	20x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,479.9	−0.052%	$417K	$107K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,480.6	−0.003%	$990K	$5.4M	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	1,479.7	−0.066%	$84K	$416K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,480.4	−0.017%	$5.2M	—	150x	as long as short
OKX ZEC-USDT-SWAP	+0.0016%	8h	1,481.6	+0.060%	$178.2M	$1.41B	50x	as long as short
Aster ZECUSDT	+0.0041%	8h	1,480.2	−0.034%	$15.3M	$34.7M	75x	as long as short
Phoenix ZEC	+0.0045%	1h	1,481.5	+0.054%	$4.7M	$1.5M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0058% / S +0.0052%	1h	1,480.3	−0.026%	$580K	—	100x	as long as short
Ondo Perps ZEC-USD.P	+0.0068%	1h	1,476.3	−0.295%	$401K	$538K	5x	as long as short
Gate ZEC_USDT	+0.0068%	8h	1,481.3	+0.044%	$51.2M	$185.0M	75x	as long as short
MEXC ZEC_USDT	+0.0068%	8h	1,480.8	+0.012%	$234.3M	$929.0M	150x	as long as short
Binance ZECUSDT	+0.0069%	8h	1,481.1	+0.032%	$679.0M	$2.57B	75x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0072%	1h	1,481.1	+0.028%	$590K	$1.4M	25x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,480.9	+0.014%	$9K	$7K	5x	as long as short
Katana Perps ZEC-USD	+0.0093%	8h	1,480.6	−0.004%	$12K	$886K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,479.5	−0.077%	$174K	$2.0M	50x	as long as short
Aevo ZEC-PERP	+0.0096%	1h	1,480.4	−0.019%	$37K	$362K	20x	as long as short
Polymarket Perps ZEC-USD	+0.0098%	1h	1,479.6	−0.072%	$307K	$2.4M	10x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,479.9	−0.050%	$61K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,480.3	−0.023%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,482.6	+0.131%	$773.5M	$510.1M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,480.2	−0.031%	$1.7M	$3.2M	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,480	−0.044%	$104.4M	$58.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,481.5	+0.055%	$172.9M	$318.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,481.4	+0.051%	—	$113.2M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,482.1	+0.098%	$2.4M	$3.9M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,478.2	−0.168%	$496K	$10.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,481.1	+0.029%	$3.0M	$514K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,478.8	−0.128%	$111K	$4.8M	30x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,480.2	−0.033%	$130K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,478.9	−0.120%	$450K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,484	+0.222%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,480.4	−0.021%	$225K	$4.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,481.1	+0.031%	$2.4M	$26.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,480.5	−0.015%	$3.8M	$5.8M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,481.7	+0.070%	$914K	$30K	10x	as long as short
RISEx ZEC/USDC	+0.0138%	1h	1,480.6	−0.006%	$872K	$2.5M	10x	as long as short
Lighter RH ZEC	+0.0184%	1h	1,482.1	+0.098%	$1.6M	$7.5M	10x	as long as short
Lighter ZEC	+0.0304%	1h	1,482.5	+0.121%	$19.6M	$54.2M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,482.3	+0.110%	$3.8M	$11.9M	50x	as long as short
Aftermath Perps ZECUSD	+0.0494%	1h	1,478.2	−0.163%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0538%	1h	1,481.8	+0.079%	$714K	$7.5M	10x	as long as short
Extended ZEC-USD	+0.0664%	1h	1,480.5	−0.013%	$3.9M	$5.2M	10x	as long as short