Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.015%

Price spread now: RISEx against KuCoin−0.013%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.219%+$22 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.013%, 7d avg +0.034%

Together, before fees+0.242%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.047% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.034%). If the spread goes back, that is −$5 on $10k: about 33 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZECUSDTM	1,451.5	0.0100	pay 0.0100% / 8h	3h 41m	$102.3M	$53.5M	75x
Short	RISEx ZEC/USDC	1,451.3	0.0216	get 0.0027% / 1h	41m 41s	$917K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.013%Rate

Funding earned: $24.35
Price spread: −0.013% → +0.034%: −$4.72
Slippage, 4 orders: −$10.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$9.19
Costs to cover: 0.288%
Break-even: 9.6 days

Slippage from KuCoin: live order book, 2 min ago; RISEx: live order book, 2 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, 2 min ago	0.65 bp	10.8 bp −$11	17.7 bp −$177	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	1.31 bp	4.3 bp −$4	8.9 bp −$89	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	−0.3042%	1h	1,452	+0.034%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,451.8	+0.017%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,454.6	+0.211%	$29.4M	$70.5M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451.9	+0.025%	$409K	$36K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,453	+0.105%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,451.1	−0.026%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,451.4	−0.006%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,451.3	−0.016%	$290K	$943K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0080% / S −0.0030%	1h	1,451.3	−0.016%	$432K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,451.3	−0.012%	$173K	$1.7M	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps ZEC-USD	+0.0100%	8h	1,451.2	−0.021%	$13K	$832K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,451.2	−0.023%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,452.5	+0.067%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,451.5	−0.003%	$14.6M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,451.6	+0.004%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,451.7	+0.014%	$666.8M	$2.20B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,451.4	−0.008%	$260.9M	$599.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,451.2	−0.023%	$178.2M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,450.5	−0.070%	$394K	$432K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,452.9	+0.096%	$878K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,451.2	−0.023%	$50.7M	$170.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,451.3	−0.015%	$217.0M	$767.1M	150x	as long as short
KuCoin ZECUSDTMlong	+0.0100%	8h	1,451.5	long leg	$102.3M	$53.5M	75x
Bitget ZECUSDT	+0.0100%	8h	1,451.4	−0.008%	$165.0M	$270.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,451.4	−0.010%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,450.4	−0.074%	$47.6M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,453.4	+0.127%	$565K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,453.1	+0.108%	$3.0M	$463K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,451.7	+0.015%	$401K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,453.7	+0.152%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,451.8	+0.020%	$352K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,451.4	−0.008%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,450.2	−0.092%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,454.6	+0.214%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,451.5	+0.002%	$232K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,451	−0.035%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,452	+0.034%	$3.8M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,451.2	−0.024%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,451.3	−0.017%	$47K	$151K	20x	as long as short
Hyperliquid ZEC	+0.0113%	1h	1,452.5	+0.068%	$755.6M	$428.7M	10x	as long as short
Phoenix ZEC	+0.0116%	1h	1,452.9	+0.094%	$4.6M	$1.3M	10x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,452.6	+0.072%	$2.1M	$7.0M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,451.5	−0.004%	$8K	$7K	5x	as long as short
Backpack ZEC_USDC_PERP	+0.0129%	1h	1,451.9	+0.024%	$2.4M	$3.9M	15x	as long as short
Lighter ZEC	+0.0192%	1h	1,452.5	+0.070%	$19.1M	$44.8M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0194%	1h	1,451.9	+0.027%	$613K	$1.3M	25x	as long as short
RISEx ZEC/USDCshort	+0.0216%	1h	1,451.3	−0.013%	$917K	$1.1M	10x
Kraken Futures PF_ZECUSD	+0.0334%	1h	1,451.3	−0.013%	$18.0M	$45.2M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,453.4	+0.127%	$694K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,452.1	+0.040%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0669%	1h	1,453.3	+0.124%	$44K	$49K	10x	as long as short