Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h −0.015%

Price spread now: OKX against Aevo−0.211%60s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as 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−$420.416% of the position

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$19 on $10k

Price spread, last 3 days (all we have)+0.025%+$2 · spread now −0.211%, 7d avg −0.012%

Together, before fees−0.170%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.199% cheaper against Aevo than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.012%). Swap the legs. The two prices were read 60 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	1,478.7	0.0104	pay 0.0013% / 1h	49m 29s	$51K	$164K	20x
Short	OKX ZEC-USDT-SWAP	1,475.6	0.0077	get 0.0077% / 8h	6h 49m	$181.0M	$1.29B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.211%Rate

Funding earned: −$5.6
Price spread: −0.211% → −0.012%: −$19.9
Slippage, 4 orders: −$15.6
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$67.1
Costs to cover: 0.416%
Break-even: never at this rate

Slippage from Aevo: live order book, 19 min ago; OKX: live order book, 5 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, 19 min ago	3.23 bp	15.5 bp −$16	26.3 bp −$263	39.7 bp −$3,972	doesn't fit
Sell OKX live order book, 5 min ago	0.03 bp	5.0 bp −$5	5.3 bp −$53	18.2 bp −$1,820	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	−0.3678%	1h	1,478.8	+0.003%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,477.6	−0.075%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0080%	8h	1,480.2	+0.100%	$29.7M	$73.6M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0077%	1h	1,477.6	−0.077%	$401K	$519K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,478.9	+0.013%	$18.1M	$43.4M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,477.4	−0.093%	$416K	$103K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,479.9	+0.075%	$965K	$5.1M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,476.7	−0.135%	$84K	$405K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,476	−0.183%	$5.2M	—	150x	as long as short
Variational Omni ZEC	+0.0010%	8h	1,477.5	−0.082%	$48.2M	$33.5M	—	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0026%	8h	1,475.5	−0.221%	$295K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,477.2	−0.102%	$8K	$9K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,475.8	−0.198%	$384K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,479.5	+0.050%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0077%	8h	1,475.6	−0.211%	$181.0M	$1.29B	50x
Gate ZEC_USDT	+0.0085%	8h	1,476	−0.186%	$50.2M	$174.0M	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,476.5	−0.150%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,477.1	−0.111%	$15K	$841K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,477.2	−0.103%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,477.4	−0.087%	$2.7M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,477.3	−0.097%	$769.0M	$449.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,477.9	−0.058%	$15.0M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,477.6	−0.078%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,475.8	−0.200%	$683.9M	$2.35B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,475.6	−0.211%	$272.5M	$625.9M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.7	−0.547%	$895K	$17K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,476.2	−0.171%	$219.4M	$791.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476.8	−0.134%	$104.0M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,476.5	−0.152%	$163.8M	$286.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,477.4	−0.092%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,473	−0.391%	$574K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,476.9	−0.124%	$3.0M	$450K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,478.2	−0.038%	$430K	$902K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,478.8	+0.001%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,476.7	−0.138%	$343K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,475.9	−0.194%	$129K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,477.5	−0.083%	$460K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,481.3	+0.175%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,479.1	+0.025%	$244K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,477.8	−0.061%	$2.5M	$19.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,479.3	+0.035%	$3.8M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,477.2	−0.105%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERPlong	+0.0104%	1h	1,478.7	long leg	$51K	$164K	20x
Arcus ZEC-USD	+0.0254%	1h	1,478.5	−0.018%	$674K	$8.7M	10x	as long as short
Lighter RH ZEC	+0.0280%	1h	1,478.8	+0.004%	$2.1M	$7.0M	10x	as long as short
Lighter ZEC	+0.0328%	1h	1,478.5	−0.019%	$19.3M	$47.9M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0353%	1h	1,479.9	+0.076%	$609K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,477.8	−0.066%	$858K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,480.6	+0.125%	$3.7M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0592%	1h	1,479.6	+0.055%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0746%	1h	1,475.2	−0.237%	$44K	$46K	10x	as long as short