Funding arb · Price arb /

ZEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.035%

Price spread now: Bybit against Aevo−0.044%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−1.336%−$134 · spread now −0.044%, 7d avg −0.019%

Together, before fees−1.327%−$133 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.025% cheaper against Aevo than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZEC-PERP	1,459.8	0.0104	pay 0.0013% / 1h	43m 10s	$48K	$155K	20x
Short	Bybit ZECUSDT	1,459.2	0.0100	get 0.0100% / 8h	5h 43m	$269.7M	$606.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$0.84
Price spread: −0.044% → −0.019%: −$2.47
Slippage, 4 orders: −$20.41
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$50.72
Costs to cover: 0.474%
Break-even: never at this rate

Slippage from Aevo: live order book, 21 min ago; Bybit: live order book, 1 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, 21 min ago	5.48 bp	14.8 bp −$15	23.1 bp −$231	41.0 bp −$4,096	doesn't fit
Sell Bybit live order book, 1 min ago	0.03 bp	5.8 bp −$6	9.8 bp −$98	19.2 bp −$1,924	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	−0.3244%	1h	1,462	+0.146%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,461.5	+0.116%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0078%	8h	1,459.5	−0.023%	$29.6M	$71.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,460.8	+0.067%	$411K	$46K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,460.6	+0.052%	$963K	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,459.3	−0.039%	$83K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,459.6	−0.015%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0037%	8h	1,459.8	−0.001%	$292K	$977K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0009%	1h	1,459.8	0.000%	$378K	—	100x	as long as short
Ondo Perps ZEC-USD.P	+0.0064%	1h	1,459.8	−0.002%	$396K	$433K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0074%	1h	1,459.6	−0.015%	$4.6M	$1.4M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0084%	1h	1,460.7	+0.059%	$608K	$1.3M	25x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,459.4	−0.026%	$173K	$1.8M	50x	as long as short
Variational Omni ZEC	+0.0098%	8h	1,459.8	+0.001%	$47.4M	$31.8M	—	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,459.8	+0.001%	$19K	$835K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,459.9	+0.008%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,459.4	−0.029%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,460.6	+0.053%	$761.1M	$433.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,459.1	−0.053%	$14.4M	$28.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,460.7	+0.061%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,459.5	−0.026%	$672.8M	$2.25B	75x	as long as short
Bybit ZECUSDTshort	+0.0100%	8h	1,459.2	−0.044%	$269.7M	$606.1M	75x
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,459.5	−0.025%	$179.9M	$1.23B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,458.7	−0.081%	$886K	$16K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,459.6	−0.017%	$49.9M	$170.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,459.6	−0.017%	$215.0M	$770.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,459.7	−0.006%	$102.6M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,459.8	−0.004%	$162.0M	$275.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,459.8	−0.002%	—	$97.0M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,460	+0.015%	$2.4M	$3.8M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.5	+0.117%	$569K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.3	−0.035%	$3.0M	$418K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.5	+0.115%	$421K	$883K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,460.8	+0.066%	$70K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,459	−0.057%	$339K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,459.3	−0.037%	$126K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,458.7	−0.076%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,461.6	+0.119%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,460.2	+0.022%	$241K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,458.3	−0.102%	$2.6M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,459.9	+0.004%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,460.1	+0.017%	$2.8M	$7.7M	10x	as long as short
01 Exchange ZECUSD	+0.0104%	1h	1,460	+0.009%	$8K	$7K	5x	as long as short
Aevo ZEC-PERPlong	+0.0104%	1h	1,459.8	long leg	$48K	$155K	20x
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,460	+0.015%	$18.0M	$43.7M	25x	as long as short
Lighter ZEC	+0.0208%	1h	1,461.1	+0.089%	$19.1M	$45.9M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,461.8	+0.138%	$705K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0328%	1h	1,461.1	+0.084%	$2.1M	$6.8M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,459.7	−0.010%	$834K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,461.5	+0.114%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0716%	1h	1,462.1	+0.155%	$43K	$46K	10x	as long as short