Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h +0.026%

Price spread now: KuCoin against Ondo Perps+0.001%7-day average +0.045% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.241%−$24 on $10k

Price spread, last 4 days (all we have)+0.153%+$15 · spread now +0.001%, 7d avg +0.045%

Together, before fees−0.088%+ Points / potential airdropOndo Perps: Active · farm board−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.045% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.045%). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.241%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ZEC-USD.P	1,467.1	−0.0060	get 0.0008% / 1h	39m 55s	$398K	$516K	5x
Short	KuCoin ZECUSDTM	1,467.1	0.0100	get 0.0100% / 8h	6h 39m	$103.3M	$56.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Ondo Perps. 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 Ondo PerpsbpFee KuCoinbpOrdersPrice spread, now +0.001%Rate

Funding earned: $33.6
Price spread: +0.001% → +0.045%: −$4.47
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $12.13
Costs to cover: 0.170%
Break-even: 4.5 days

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	0.68 bp	11.6 bp −$12	18.0 bp −$180	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,467.9	+0.057%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,465.1	−0.139%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.Plong	−0.0060%	1h	1,467.1	long leg	$398K	$516K	5x
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,467.1	−0.002%	$18.0M	$43.6M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,465.8	−0.091%	$413K	$57K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,466.9	−0.017%	$971K	$5.1M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,464.2	−0.200%	$83K	$264K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,464.5	−0.181%	$5.2M	—	150x	as long as short
BloFin ZEC-USDT	+0.0012%	8h	1,475.2	+0.552%	$29.6M	$73.3M	75x	as long as short
Variational Omni ZEC	+0.0023%	8h	1,466.1	−0.068%	$47.8M	$33.3M	—	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0026%	8h	1,465	−0.145%	$292K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,465.1	−0.135%	$8K	$9K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,464.2	−0.199%	$383K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,466.9	−0.016%	$4.6M	$1.5M	10x	as long as short
Gate ZEC_USDT	+0.0077%	8h	1,469	+0.129%	$49.8M	$174.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0084%	8h	1,469	+0.129%	$181.1M	$1.28B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,464.4	−0.183%	$172K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,464.2	−0.200%	$16K	$839K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,464.7	−0.165%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,465.5	−0.110%	$2.5M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,467.8	+0.048%	$763.8M	$451.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467	−0.005%	$14.8M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,465.4	−0.115%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,469.3	+0.151%	$681.4M	$2.35B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,468.7	+0.108%	$270.8M	$628.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,469	+0.130%	$215.5M	$795.5M	150x	as long as short
KuCoin ZECUSDTMshort	+0.0100%	8h	1,467.1	+0.001%	$103.3M	$56.2M	75x
Bitget ZECUSDT	+0.0100%	8h	1,469.2	+0.145%	$163.0M	$286.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,469	+0.126%	—	$100.1M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,469.5	+0.162%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,472.7	+0.378%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,467.8	+0.048%	$427K	$906K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,466.8	−0.021%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,464.5	−0.177%	$338K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,464.2	−0.201%	$127K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,463.8	−0.226%	$456K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,467.4	+0.022%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,466.2	−0.063%	$242K	$3.9M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,464.6	−0.168%	$2.5M	$19.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.1	+0.001%	$3.9M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,474.6	+0.514%	$897K	$17K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,468.4	+0.087%	$3.2M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,465	−0.144%	$48K	$167K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0222%	1h	1,466.1	−0.071%	$603K	$1.3M	25x	as long as short
Lighter ZEC	+0.0224%	1h	1,468.1	+0.066%	$19.1M	$48.0M	20x	as long as short
Lighter RH ZEC	+0.0232%	1h	1,468.1	+0.067%	$2.0M	$7.1M	10x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,466.7	−0.025%	$698K	$8.7M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,465.5	−0.108%	$851K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,466.4	−0.048%	$3.6M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0497%	1h	1,467.2	+0.010%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0737%	1h	1,470.2	+0.214%	$43K	$46K	10x	as long as short