Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0587%/8h= −64.2% APRpaid last 24h −0.145%

Price spread now: SunX against Aftermath Perps+0.206%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.206% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.206% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps ZECUSD	1,461.3	0.0687	pay 0.0086% / 1h	12m 11s	$45K	$49K	10x
Short	SunX ZEC-USDT	1,464.3	0.0100	get 0.0100% / 8h	3h 12m	$3K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aftermath Perps. 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 Aftermath PerpsbpFee SunXbpOrdersPrice spread, now +0.206%Rate

Funding earned: −$123.19
Price spread: +0.206% → 0.000%: $20.61
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$119.58
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; SunX: live order book, 1 min ago. Net counts fees only.

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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 1 min ago	29.03 bp	68.5 bp −$69	doesn't fit	doesn't fit	doesn't fit

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3042%	1h	1,461.1	−0.017%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,463.4	+0.140%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,461.9	+0.037%	$29.6M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,462.8	+0.102%	$407K	$40K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,463.1	+0.125%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463.9	+0.174%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,463.7	+0.165%	$293K	$910K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0078%	1h	1,460.4	−0.062%	$396K	$435K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0088% / S −0.0039%	1h	1,463.6	+0.158%	$436K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,462.9	+0.110%	$175K	$1.6M	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps ZEC-USD	+0.0100%	8h	1,464.1	+0.191%	$14K	$804K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,463	+0.117%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.3	+0.067%	$2.9M	$6.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,463.6	+0.159%	$14.6M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.8	+0.104%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,463.5	+0.150%	$673.8M	$2.18B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,463.2	+0.127%	$262.1M	$589.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,463.7	+0.162%	$179.6M	$1.21B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,460.6	−0.048%	$882K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,463.7	+0.164%	$52.2M	$172.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,463.6	+0.157%	$220.5M	$773.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,463.3	+0.133%	$103.1M	$53.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,464	+0.184%	$166.2M	$268.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,463.7	+0.162%	—	$106.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,458.8	−0.173%	$47.8M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,460.1	−0.084%	$568K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,461.4	+0.006%	$3.0M	$464K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,458.6	−0.183%	$403K	$944K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462.1	+0.053%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,462.7	+0.095%	$357K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.3	+0.136%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.7	+0.098%	$447K	$504K	6.7x	as long as short
SunX ZEC-USDTshort	+0.0100%	8h	1,464.3	+0.206%	$3K	$1.1M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,463.7	+0.164%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,463.1	+0.121%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,463.2	+0.126%	$3.9M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,463.6	+0.159%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,463.5	+0.152%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,462.7	+0.095%	$4.7M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,463.6	+0.155%	$8K	$7K	5x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,464.9	+0.243%	$2.1M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0146%	1h	1,464.1	+0.191%	$762.9M	$424.9M	10x	as long as short
Lighter ZEC	+0.0168%	1h	1,465.1	+0.259%	$19.4M	$45.4M	20x	as long as short
Kalshi KXZECPERP	+0.0187%	8h	1,463.6	+0.155%	$1.5M	$4.4M	2.2x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,463.3	+0.135%	$925K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0219%	1h	1,464.7	+0.234%	$616K	$1.3M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0284%	1h	1,462.4	+0.077%	$2.4M	$3.8M	15x	as long as short
Kraken Futures PF_ZECUSD	+0.0331%	1h	1,463.4	+0.143%	$18.1M	$45.2M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,464.3	+0.205%	$685K	$8.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,464.8	+0.236%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSDlong	+0.0687%	1h	1,461.3	long leg	$45K	$49K	10x