Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%

Price spread now: dYdX against KuCoin+0.021%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1000.995% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.248%+$25 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.021%, 7d avg +0.002%

Together, before fees+0.212%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.248%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZECUSDTM	1,472.3	0.0100	pay 0.0100% / 8h	38m 27s	$103.8M	$56.0M	75x
Short	dYdX ZEC-USD	1,472.6	0	get 0.0000% / 1h	38m 27s	$415K	$104K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$21
Price spread: +0.021% → +0.002%: $1.84
Slippage, 4 orders: −$77.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$118.68
Costs to cover: 0.995%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; dYdX: live order book, 41 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, 6 min ago	0.71 bp	8.7 bp −$9	16.4 bp −$164	doesn't fit	doesn't fit
Sell dYdX live order book, 41 min ago	30.89 bp	35.9 bp −$36	46.5 bp −$465	95.0 bp −$9,499	327.1 bp −$163.6K

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	1,474.3	+0.138%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,472.5	+0.013%	$17.9M	$44.3M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0216%	1h	1,471.3	−0.067%	$399K	$516K	5x	as long as short
BloFin ZEC-USDT	−0.0102%	8h	1,472.2	−0.007%	$29.6M	$75.4M	75x	as long as short
Bybit ZECUSDT	−0.0102%	8h	1,470.9	−0.094%	$274.9M	$656.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.1	−0.010%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0047%	8h	1,470.3	−0.138%	$46.9M	$33.7M	—	as long as short
ApeX Omni ZECUSDT	−0.0037%	1h	1,471.9	−0.027%	$431K	$831K	50x	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,472.6	+0.021%	$415K	$104K	5x
Kalshi KXZECPERP	0.0000%	8h	1,472.8	+0.035%	$903K	$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	1,472.2	−0.010%	$84K	$404K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,473.2	+0.061%	$614K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.7	+0.029%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0011%	8h	1,472.4	+0.009%	$294K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.5	+0.079%	$4.7M	$1.6M	10x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,471.8	−0.031%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0035%	8h	1,471.4	−0.061%	$180.6M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0046%	8h	1,472.1	−0.011%	$50.8M	$186.1M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.6	+0.018%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,473.8	+0.101%	$19.1M	$52.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,471.5	−0.052%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,471.2	−0.075%	$13K	$834K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.2	−0.008%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,472.8	+0.032%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.9	+0.041%	$763.5M	$473.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.1	−0.012%	$15.0M	$32.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472.8	+0.034%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,471.6	−0.049%	$683.2M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,473.6	+0.086%	$719K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,473.1	+0.053%	$909K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.2	−0.008%	$230.4M	$835.3M	150x	as long as short
KuCoin ZECUSDTMlong	+0.0100%	8h	1,472.3	long leg	$103.8M	$56.0M	75x
Bitget ZECUSDT	+0.0100%	8h	1,471.7	−0.040%	$163.0M	$302.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,472.2	−0.010%	—	$102.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.1	−0.081%	$512K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473.3	+0.066%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.4	+0.073%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471.4	−0.060%	$346K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.2	−0.003%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.9	−0.096%	$448K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.9	+0.175%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.3	0.000%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.6	−0.044%	$2.5M	$23.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472.8	+0.034%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.6	+0.018%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.3	−0.001%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,472.6	+0.020%	$826K	$1.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,474.4	+0.143%	$3.8M	$10.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0434%	1h	1,473.2	+0.058%	$2.4M	$3.7M	15x	as long as short
Lighter RH ZEC	+0.0496%	1h	1,474.5	+0.147%	$2.0M	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0688%	1h	1,473.1	+0.055%	$46K	$47K	10x	as long as short