Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: SunX against Aevo+0.184%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1481.485% of the position

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 3 days (all we have)−0.395%−$39 · spread now +0.184%, 7d avg +0.097%

Together, before fees−0.263%−$26 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: SunX is 0.086% dearer against Aevo than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZEC-PERP	1,475	0.0104	pay 0.0013% / 1h	27m 03s	$48K	$162K	20x
Short	SunX ZEC-USDT	1,477.7	0.0100	get 0.0100% / 8h	6h 27m	$3K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.184%Rate

Funding earned: −$0.84
Price spread: +0.184% → +0.097%: $8.65
Slippage, 4 orders: −$124.45
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$140.65
Costs to cover: 1.485%
Break-even: never at this rate

Slippage from Aevo: live order book, 42 min ago; SunX: live order book, 6 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, 42 min ago	3.23 bp	15.5 bp −$16	26.3 bp −$263	39.7 bp −$3,972	doesn't fit
Sell SunX live order book, 6 min ago	29.02 bp	67.1 bp −$67	doesn't fit	doesn't fit	doesn't fit

ZEC on 50 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	1,475.4	+0.031%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,477.1	+0.142%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0019%	1h	1,474.1	−0.060%	$400K	$518K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,475	+0.003%	$18.1M	$43.5M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,475.9	+0.062%	$416K	$55K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,476.4	+0.098%	$976K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,475.3	+0.023%	$84K	$254K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,475.2	+0.015%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0027%	8h	1,474.8	−0.012%	$294K	$1.1M	20x	as long as short
Variational Omni ZEC	+0.0040%	8h	1,476.4	+0.094%	$48.0M	$33.0M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,474.9	−0.004%	$385K	—	100x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,475.7	+0.047%	$8K	$9K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,478.2	+0.219%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0095%	8h	1,474.9	−0.007%	$181.4M	$1.28B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,475.1	+0.009%	$174K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,475	−0.003%	$17K	$840K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,476.4	+0.095%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,475.5	+0.032%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,476.1	+0.075%	$768.2M	$445.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,475.1	+0.010%	$14.9M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,476.4	+0.095%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474.8	−0.015%	$681.6M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,474.9	−0.009%	$272.0M	$618.1M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.5	−0.305%	$893K	$19K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,475	+0.001%	$50.2M	$175.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,475	+0.003%	$215.8M	$799.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,475.1	+0.008%	$103.8M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,475	0.000%	$163.8M	$283.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,475.4	+0.025%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,476.1	+0.074%	$574K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,475	+0.002%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474	−0.065%	$429K	$907K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,476.5	+0.104%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,475.2	+0.014%	$340K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,475	0.000%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473.5	−0.102%	$458K	$510K	6.7x	as long as short
SunX ZEC-USDTshort	+0.0100%	8h	1,477.7	+0.184%	$3K	$1.2M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,474.9	−0.007%	$243K	$3.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,475.7	+0.048%	$2.6M	$18.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,475.7	+0.048%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,475	+0.001%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERPlong	+0.0104%	1h	1,475	long leg	$48K	$162K	20x
Deribit ZEC_USDC-PERPETUAL	+0.0128%	1h	1,475.7	+0.045%	$614K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,477	+0.139%	$682K	$8.7M	10x	as long as short
Lighter ZEC	+0.0256%	1h	1,476.9	+0.132%	$19.3M	$48.1M	20x	as long as short
Lighter RH ZEC	+0.0304%	1h	1,477	+0.136%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,476.1	+0.076%	$868K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,477.8	+0.191%	$3.7M	$9.5M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0503%	1h	1,475.5	+0.036%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0726%	1h	1,475.4	+0.030%	$44K	$46K	10x	as long as short