ZEC arbitrage explained
Right now Zcash (ZEC) trades on 11 venues we scan: 11 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on KuCoin perp at $1,312.33 and the highest bid on Bitget perp at $1,313.60.
The widest ZEC perpetual spread is between KuCoin and Bitget: long ZEC on KuCoin at $1,312.33 and short on Bitget at $1,313.60 for +0.10% gross, or -0.06% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best ZEC route is to buy spot on Binance and short the perpetual on Bitget: +0.05% gross, -0.15% net, with +0.030% a day of funding on the short leg.
Spot–spot ZEC arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows +0.04% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small ZEC gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: ZEC funding rates · ZEC spread charts · Zcash price · arbitrage scanner for all coins.