Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0202%/8h= −22.1% APRpaid last 24h −0.061%

Price spread now: BloFin against Aevo−0.283%53s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.484% of the position

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.324%−$32 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.283%, 7d avg −0.002%

Together, before fees−0.080%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BloFin is 0.281% cheaper against Aevo than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.002%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZEC-PERP	1,486.8	0.0104	pay 0.0013% / 1h	21m 50s	$45K	$153K	20x
Short	BloFin ZEC-USDT	1,482.6	−0.0098	pay 0.0098% / 8h	2h 21m	$30.1M	$71.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. 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 AevobpFee BloFinbpOrdersPrice spread, now −0.283%Rate

Funding earned: −$42.45
Price spread: −0.283% → −0.002%: −$28.13
Slippage, 4 orders: −$20.4
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$118.98
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from Aevo: live order book, 27 min ago; BloFin: 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 Aevo live order book, 27 min ago	3.44 bp	14.3 bp −$14	23.0 bp −$230	34.4 bp −$3,439	doesn't fit
Sell BloFin live order book, 2 min ago	1.89 bp	9.3 bp −$9	11.6 bp −$116	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	−0.3243%	1h	1,461.8	−1.686%	$34K	$272K	12x	as long as short
BloFin ZEC-USDTshort	−0.0098%	8h	1,482.6	−0.283%	$30.1M	$71.9M	75x
Hotstuff ZEC-PERP	−0.0080%	1h	1,481.1	−0.385%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,482.4	−0.299%	$412K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,482.5	−0.295%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,483.5	−0.228%	$85K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,484.4	−0.165%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,487.2	+0.022%	$298K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,484.4	−0.167%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0092%	1h	1,475.1	−0.790%	$4.7M	$1.3M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0093%	8h	1,492.5	+0.379%	$267.7M	$601.6M	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,484.4	−0.164%	$174K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,484.1	−0.187%	$11K	$823K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,483.2	−0.246%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,484.5	−0.159%	$2.8M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,492.9	+0.407%	$778.1M	$423.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,492.2	+0.359%	$14.7M	$28.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,482.7	−0.279%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,492.9	+0.404%	$692.9M	$2.19B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,492.6	+0.385%	$180.7M	$1.24B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,474.6	−0.824%	$400K	$433K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	−0.509%	$894K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,492.5	+0.379%	$54.0M	$173.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,493.3	+0.435%	$233.3M	$767.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,492.2	+0.357%	$106.3M	$53.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,493	+0.414%	$168.3M	$270.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,492.5	+0.380%	—	$112.4M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,473.7	−0.885%	$48.3M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475	−0.798%	$556K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,477.9	−0.600%	$3.0M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.9	−0.936%	$407K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,479.8	−0.473%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,484.4	−0.165%	$366K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,484.3	−0.170%	$163K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,485.9	−0.061%	$454K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,489.1	+0.152%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,486.7	−0.009%	$246K	$3.3M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,488.6	+0.115%	$2.5M	$19.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,488.4	+0.103%	$3.9M	$4.8M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0100% / S −0.0054%	1h	1,484.5	−0.158%	$442K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,492.9	+0.408%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERPlong	+0.0104%	1h	1,486.8	long leg	$45K	$153K	20x
Lighter RH ZEC	+0.0120%	1h	1,489.6	+0.182%	$2.1M	$7.2M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0145%	1h	1,487.1	+0.019%	$18.2M	$45.7M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,484	−0.194%	$937K	$1.1M	10x	as long as short
Lighter ZEC	+0.0192%	1h	1,488.4	+0.102%	$19.7M	$44.1M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0389%	1h	1,492.2	+0.359%	$2.4M	$3.7M	15x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0453%	1h	1,488.6	+0.116%	$633K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,489.9	+0.202%	$3.8M	$9.4M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,484	−0.190%	$656K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0705%	1h	1,477.4	−0.638%	$45K	$49K	10x	as long as short