Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0233%/8h= +25.5% APRpaid last 24h −0.054%

Price spread now: Kraken Futures against SunX−0.168%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1361.363% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.436%−$44 on $10k

Price spread, last 4 days (all we have)+0.382%+$38 · spread now −0.168%, 7d avg −0.073%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.095% cheaper against SunX than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.073%). If the spread goes back, that is −$9 on $10k: about 33 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.436%, 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	SunX ZEC-USDT	1,459.4	0.0100	pay 0.0100% / 8h	3h 22m	$3K	$1.1M	20x
Short	Kraken Futures PF_ZECUSD	1,457	0.0333	get 0.0042% / 1h	22m 02s	$18.1M	$45.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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 SunXbpFee Kraken FuturesbpOrdersPrice spread, now −0.168%Rate

Funding earned: $48.84
Price spread: −0.168% → −0.073%: −$9.48
Slippage, 4 orders: −$118.31
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$96.96
Costs to cover: 1.363%
Break-even: 20.9 days

Slippage from SunX: live order book, 1 min ago; Kraken Futures: 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 SunX live order book, 1 min ago	29.02 bp	49.6 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	0.86 bp	9.7 bp −$10	14.4 bp −$144	25.8 bp −$2,581	79.4 bp −$39.7K

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	1,458	−0.097%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.9	−0.174%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,457.1	−0.158%	$29.4M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,456.4	−0.204%	$410K	$36K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,456.6	−0.195%	$83K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456.8	−0.179%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,457	−0.164%	$291K	$940K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0085% / S −0.0036%	1h	1,457.1	−0.159%	$434K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,456.4	−0.204%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,456.1	−0.224%	$14K	$818K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ZEC-USD-PERP	+0.0100%	8h	1,456.7	−0.186%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,456.8	−0.182%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,457	−0.166%	$14.5M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457.2	−0.151%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,457.5	−0.130%	$670.8M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,457.3	−0.147%	$261.2M	$594.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,457.4	−0.138%	$178.7M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,456.9	−0.172%	$395K	$434K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.9	−0.104%	$881K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,456.8	−0.180%	$51.4M	$171.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,457	−0.164%	$219.2M	$771.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.1	−0.162%	$102.8M	$53.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,458.5	−0.064%	$165.9M	$268.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,456.9	−0.169%	—	$106.9M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,455.5	−0.271%	$47.7M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.2	−0.222%	$567K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.6	−0.196%	$3.0M	$463K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,456.4	−0.204%	$402K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,458	−0.099%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.8	−0.179%	$354K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457.1	−0.158%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.9	−0.239%	$444K	$509K	6.7x	as long as short
SunX ZEC-USDTlong	+0.0100%	8h	1,459.4	long leg	$3K	$1.1M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,457	−0.164%	$233K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,456.7	−0.187%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,457.3	−0.143%	$3.8M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,456.8	−0.179%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456.6	−0.193%	$47K	$151K	20x	as long as short
Lighter RH ZEC	+0.0112%	1h	1,458.4	−0.066%	$2.1M	$7.0M	10x	as long as short
Phoenix ZEC	+0.0116%	1h	1,457.6	−0.127%	$4.6M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,456.4	−0.206%	$8K	$7K	5x	as long as short
Hyperliquid ZEC	+0.0141%	1h	1,458.5	−0.062%	$759.5M	$424.2M	10x	as long as short
Lighter ZEC	+0.0144%	1h	1,458.4	−0.067%	$19.3M	$45.2M	20x	as long as short
Kalshi KXZECPERP	+0.0178%	8h	1,457.3	−0.144%	$1.5M	$4.4M	2.2x	as long as short
Backpack ZEC_USDC_PERP	+0.0204%	1h	1,457.7	−0.115%	$2.4M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,456.1	−0.228%	$921K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0324%	1h	1,457.9	−0.106%	$614K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSDshort	+0.0333%	1h	1,457	−0.168%	$18.1M	$45.2M	25x
Arcus ZEC-USD	+0.0344%	1h	1,457.9	−0.104%	$696K	$8.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,458.8	−0.040%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0679%	1h	1,457.2	−0.154%	$45K	$49K	10x	as long as short