Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.101%

Price spread now: Coinbase International against Aster+0.124%7-day average +0.147% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.288%+$29 on $10k

Price spread, last 3 days (all we have)+0.222%+$22 · spread now +0.124%, 7d avg +0.147%

Together, before fees+0.510%+ Points / potential airdropAster: Stage 5 · farm board+$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.022% cheaper against Aster than usual: you would sell low and buy high (spread +0.124% now, against its 7-day average of +0.147%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZECUSDT	1,467.4	0.0100	pay 0.0100% / 8h	7h 20m	$14.9M	$31.7M	75x
Short	Coinbase International ZEC-PERP-INTX	1,469.2	0.0448	get 0.0056% / 1h	20m 11s	$3.7M	$9.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.124%Rate

Funding earned: $73.08
Price spread: +0.124% → +0.147%: −$2.23
Slippage, 4 orders: −$14.05
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $38.8
Costs to cover: 0.321%
Break-even: 3.3 days

Slippage from Aster: live order book, 4 min ago; Coinbase International: live order book, 4 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 Aster live order book, 4 min ago	0.65 bp	6.0 bp −$6	7.7 bp −$77	21.1 bp −$2,109	97.8 bp −$48.9K
Sell Coinbase International live order book, 4 min ago	1.43 bp	10.6 bp −$11	17.0 bp −$170	40.4 bp −$4,043	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	−0.3321%	1h	1,468.6	+0.081%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0343%	1h	1,467.6	+0.010%	$17.8M	$43.0M	25x	as long as short
BloFin ZEC-USDT	−0.0114%	8h	1,469.4	+0.132%	$29.8M	$72.9M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0114%	1h	1,467.4	−0.001%	$399K	$517K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,467.6	+0.010%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0038%	8h	1,469.1	+0.116%	$47.6M	$33.7M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,468.4	+0.069%	$414K	$103K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,467.6	+0.012%	$8K	$9K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.4	+0.068%	$958K	$5.2M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,466.8	−0.044%	$83K	$405K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,467.3	−0.008%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0017%	8h	1,467.2	−0.013%	$293K	$1.1M	20x	as long as short
Bybit ZECUSDT	+0.0051%	8h	1,467.6	+0.012%	$273.8M	$633.2M	75x	as long as short
Phoenix ZEC	+0.0054%	1h	1,469.3	+0.130%	$4.6M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,467.4	0.000%	$377K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0056%	8h	1,467.7	+0.019%	$181.9M	$1.30B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,467.2	−0.013%	$173K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,467.4	0.000%	$19K	$838K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,467.3	−0.005%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,468.1	+0.046%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,469.1	+0.115%	$761.6M	$452.1M	10x	as long as short
Aster ZECUSDTlong	+0.0100%	8h	1,467.4	long leg	$14.9M	$31.7M	75x
Pacifica ZEC	+0.0100%	1h	1,467.7	+0.018%	$1.7M	$2.8M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,467.5	+0.007%	$683.6M	$2.37B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,469.6	+0.148%	$702K	$8.5M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,467.8	+0.025%	$50.8M	$180.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467.5	+0.007%	$230.0M	$827.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.9	+0.036%	$104.5M	$55.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,468.1	+0.046%	$163.4M	$292.2M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,467.2	−0.017%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,466.9	−0.033%	$571K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.3	+0.061%	$3.0M	$447K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,467.3	−0.005%	$429K	$869K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,468.7	+0.088%	$110K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,467.3	−0.008%	$340K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.4	−0.001%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465.5	−0.128%	$457K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,469.6	+0.149%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,467.3	−0.007%	$242K	$3.9M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,466.9	−0.035%	$2.5M	$21.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.9	+0.035%	$3.8M	$5.3M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,471.7	+0.292%	$895K	$24K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,467.2	−0.015%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467.2	−0.017%	$54K	$168K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0150%	1h	1,467.9	+0.036%	$604K	$1.3M	25x	as long as short
Lighter ZEC	+0.0216%	1h	1,469.1	+0.116%	$19.1M	$50.4M	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,468.4	+0.070%	$852K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0448%	1h	1,469.2	+0.124%	$3.7M	$9.6M	50x
Backpack ZEC_USDC_PERP	+0.0529%	1h	1,468.6	+0.078%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0762%	1h	1,469	+0.105%	$43K	$46K	10x	as long as short
Lighter RH ZEC	+0.0768%	1h	1,469.8	+0.160%	$2.0M	$8.2M	10x	as long as short