Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.013%

Price spread now: Derive against Aster−0.082%57s7-day average −0.046% · you buy dearer than you sell

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

Long on Aster Short on Derive

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.255%+$25 on $10k

Price spread, last 3 days (all we have)+0.707%+$71 · spread now −0.082%, 7d avg −0.046%

Together, before fees+0.962%+ Points / potential airdropAster: Stage 5 · farm board+$96 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: Derive is 0.036% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.046%. The two prices were read 57 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	Aster ZECUSDT	1,455.4	0.0094	pay 0.0094% / 8h	2h 17m	$15.3M	$34.4M	75x
Short	Derive ZEC-PERP	1,454.2	0.0100	get 0.0013% / 1h	17m 22s	$442K	$498K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.082%Rate

Funding earned: $1.36
Price spread: −0.082% → −0.046%: −$3.61
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$16.25
Costs to cover: 0.140%
Break-even: 90.6 days

Slippage unknown: Aster: live order book, 2 min ago; Derive: no order-book sample. 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 Aster live order book, 2 min ago	0.55 bp	4.8 bp −$5	7.9 bp −$79	25.7 bp −$2,572	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	−0.3476%	1h	1,433.1	−1.530%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0085%	8h	1,456.6	+0.083%	$28.7M	$75.4M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,455	−0.031%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,455.4	−0.002%	$17.7M	$44.6M	25x	as long as short
Deribit ZEC_USDC-PERPETUAL	−0.0004%	1h	1,456	+0.038%	$592K	$1.3M	25x	as long as short
Bybit ZECUSDT	−0.0003%	8h	1,454.8	−0.039%	$268.1M	$677.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,454.5	−0.061%	$410K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,456.6	+0.085%	$933K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,455	−0.029%	$83K	$401K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,455.9	+0.036%	$5.2M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEC	+0.0008%	8h	1,455.6	+0.012%	$45.8M	$33.2M	—	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,455.6	+0.014%	$292K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0020% / S +0.0071%	1h	1,455.9	+0.031%	$556K	—	100x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,455.7	+0.023%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0057%	8h	1,455.6	+0.013%	$173.4M	$1.36B	50x	as long as short
Gate ZEC_USDT	+0.0073%	8h	1,455.4	+0.001%	$49.4M	$190.5M	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0079%	1h	1,452.8	−0.179%	$395K	$520K	5x	as long as short
Aster ZECUSDTlong	+0.0094%	8h	1,455.4	long leg	$15.3M	$34.4M	75x
Katana Perps ZEC-USD	+0.0095%	8h	1,455.6	+0.015%	$13K	$872K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,456.1	+0.050%	$18.8M	$54.7M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,455.4	−0.002%	$173K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,454.8	−0.043%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,455.4	−0.002%	$2.5M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,456.3	+0.061%	$752.5M	$494.5M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,455.2	−0.015%	$1.6M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,455.8	+0.027%	$664.1M	$2.53B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,455.8	+0.025%	$217.2M	$897.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,454.7	−0.050%	$102.9M	$57.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,455.6	+0.013%	$161.1M	$313.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,456.2	+0.056%	—	$101.3M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,455.8	+0.026%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.9	+0.103%	$489K	$9.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.7	+0.090%	$3.0M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,457	+0.109%	$428K	$814K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.3	+0.062%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,455.6	+0.013%	$345K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,455.7	+0.020%	$127K	$161K	20x	as long as short
Derive ZEC-PERPshort	+0.0100%	1h	1,454.2	−0.082%	$442K	$498K	6.7x
SunX ZEC-USDT	+0.0100%	8h	1,457.4	+0.138%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,455.4	−0.003%	$221K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,456.3	+0.061%	$2.4M	$25.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,456.1	+0.045%	$3.8M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,455	−0.029%	$896K	$26K	10x	as long as short
Phoenix ZEC	+0.0103%	1h	1,457.5	+0.143%	$4.6M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,455.3	−0.005%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,455.6	+0.010%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,455.9	+0.036%	$861K	$1.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,457.9	+0.170%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0456%	1h	1,456.7	+0.088%	$40K	$34K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,457	+0.106%	$749K	$8.0M	10x	as long as short
Lighter RH ZEC	+0.0632%	1h	1,456.7	+0.089%	$1.9M	$8.5M	10x	as long as short