Funding you earn now, next payment 00:00 UTC+0.0301%/8h= +33.0% APRnext payment +$0.38 per $10,000 · paid last 24h +0.005%
Price spread now: Backpack against Aevo+0.032%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$470.469% of the position
Funding, last 7 days−0.262%−$26 on $10k
+Price spread, last 3 days (all we have)−0.279%−$28 · spread now +0.032%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Backpack is 0.036% dearer against Aevo than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.262%, 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 | Aevo ZEC-PERP | 1,474 | 0.0104 | pay 0.0013% / 1h | 11m 31s | $37K | $366K | 20x |
| Short | Backpack ZEC_USDC_PERP | 1,474.5 | 0.0405 | get 0.0051% / 1h | 11m 31s | $2.5M | $3.8M | 15x |
Aevo ZEC-PERP
Backpack ZEC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $63.22
- Price spread: +0.032% → −0.004%
- $3.6
- Slippage, 4 orders
- −$20.94
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $19.88
- Costs to cover
- 0.469%
- Break-even
- 4.8 days
Slippage from Aevo: live order book, 2 min ago; Backpack: live order book, 3 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 Aevo live order book, 2 min ago | 2.68 bp | 13.5 bp −$13 | 24.6 bp −$246 | 38.5 bp −$3,848 | doesn't fit |
| Sell Backpack live order book, 3 min ago | 0.64 bp | 8.8 bp −$9 | 18.9 bp −$189 | 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 | −0.3089% | 1h | 1,472.9 | −0.073% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0254% | 1h | 1,472 | −0.137% | $400K | $521K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,473.9 | −0.007% | $17.9M | $44.2M | 25x | as long as short |
| Bybit ZECUSDT | −0.0112% | 8h | 1,472.4 | −0.112% | $274.7M | $651.5M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0107% | 8h | 1,471.7 | −0.159% | $29.5M | $74.9M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,473.3 | −0.047% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0059% | 8h | 1,471.5 | −0.173% | $47.5M | $34.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,473.2 | −0.056% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473.8 | −0.018% | $961K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.7 | −0.087% | $84K | $406K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.2 | +0.011% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,473.1 | −0.061% | $8K | $8K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0014% | 8h | 1,473.8 | −0.018% | $295K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.5 | −0.032% | $4.7M | $1.6M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0041% | 8h | 1,472.9 | −0.077% | $181.3M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0049% | 8h | 1,473.2 | −0.054% | $51.2M | $187.6M | 75x | as long as short |
| ApeX Omni ZECUSDT | +0.0049% | 1h | 1,472 | −0.140% | $431K | $843K | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,474.2 | +0.011% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,474.6 | +0.036% | $19.2M | $52.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.8 | −0.084% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,474.1 | +0.002% | $19K | $850K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.9 | −0.075% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,474.3 | +0.019% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,474.2 | +0.012% | $763.6M | $473.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,473.1 | −0.061% | $15.0M | $32.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,473.8 | −0.015% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.8 | −0.083% | $683.7M | $2.45B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,474.1 | +0.005% | $697K | $8.4M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,473.5 | −0.035% | $896K | $39K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,473 | −0.066% | $226.1M | $844.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,473.4 | −0.045% | $104.7M | $56.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,473 | −0.068% | $163.7M | $300.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,473.3 | −0.047% | — | $101.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,471.5 | −0.170% | $513K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473.4 | −0.039% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,472.4 | −0.111% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.8 | −0.083% | $335K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,473.5 | −0.034% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,472.2 | −0.126% | $459K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,475.8 | +0.120% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,473.6 | −0.030% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,472.7 | −0.092% | $2.5M | $22.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,474 | +0.001% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,473.2 | −0.054% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERPlong | +0.0104% | 1h | 1,474 | long leg | $37K | $366K | 20x | |
| Deribit ZEC_USDC-PERPETUAL | +0.0119% | 1h | 1,474.7 | +0.046% | $615K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,473.7 | −0.024% | $829K | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERPshort | +0.0405% | 1h | 1,474.5 | +0.032% | $2.5M | $3.8M | 15x | |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,475.3 | +0.088% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0448% | 1h | 1,475 | +0.069% | $2.0M | $8.4M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0759% | 1h | 1,473.5 | −0.033% | $46K | $47K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
ApeX Omni ZECUSDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD