Funding you earn now, next payment 23:00 UTC−0.0287%/8h= −31.4% APRnext payment −$0.36 per $10,000 · paid last 24h −0.003%
Price spread now: Aevo against Backpack−0.097%46s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as 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−$460.460% of the position
Funding, last 7 days+0.273%+$27 on $10k
+Price spread, last 3 days (all we have)+0.820%+$82 · spread now −0.097%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aevo is 0.103% cheaper against Backpack than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.006%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.273%, so the current rate has only just turned against you. The two prices were read 46 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 | Backpack ZEC_USDC_PERP | 1,469.5 | 0.0391 | pay 0.0049% / 1h | 56m 21s | $2.4M | $4.1M | 15x |
| Short | Aevo ZEC-PERP | 1,468.1 | 0.0104 | get 0.0013% / 1h | 56m 21s | $37K | $362K | 20x |
Backpack ZEC_USDC_PERP
Aevo ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$60.23
- Price spread: −0.097% → +0.006%
- −$10.3
- Slippage, 4 orders
- −$20.03
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$116.56
- Costs to cover
- 0.460%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 3 min ago; Aevo: live order book, 28 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 Backpack live order book, 3 min ago | 0.03 bp | 6.2 bp −$6 | 13.0 bp −$130 | doesn't fit | doesn't fit |
| Sell Aevo live order book, 28 min ago | 3.99 bp | 18.4 bp −$18 | 26.6 bp −$266 | doesn't fit | 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 | −0.3310% | 1h | 1,465.3 | −0.287% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,468.7 | −0.058% | $17.8M | $44.7M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0101% | 8h | 1,468.3 | −0.083% | $29.1M | $76.1M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,468.3 | −0.085% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0042% | 8h | 1,467.7 | −0.128% | $271.4M | $680.4M | 75x | as long as short |
| Variational Omni ZEC | −0.0018% | 8h | 1,461.1 | −0.571% | $46.6M | $34.3M | — | as long as short |
| Ondo Perps ZEC-USD.P | −0.0003% | 1h | 1,463.8 | −0.391% | $398K | $517K | 5x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,468.8 | −0.048% | $414K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,467.9 | −0.111% | $941K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,468.1 | −0.096% | $83K | $401K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
Ondo Perps ZEC-USD.P
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,469.1 | −0.033% | $598K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,468.6 | −0.061% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0010% / S +0.0078% | 1h | 1,468.3 | −0.084% | $561K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,467.8 | −0.118% | $294K | $1.5M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0053% | 8h | 1,468 | −0.104% | $176.1M | $1.37B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,468.5 | −0.069% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0059% | 8h | 1,468.2 | −0.089% | $50.2M | $183.1M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,468.2 | −0.090% | $16K | $864K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,469.1 | −0.032% | $19.0M | $52.2M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,468.3 | −0.082% | $174K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468.1 | −0.095% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,468.5 | −0.068% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,469.1 | −0.030% | $761.9M | $495.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,468.5 | −0.071% | $15.4M | $33.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,468.3 | −0.083% | $1.7M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,468.1 | −0.096% | $672.1M | $2.54B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,460.8 | −0.595% | $899K | $25K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,468.2 | −0.088% | $223.1M | $848.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,468.4 | −0.078% | $103.7M | $57.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,468.2 | −0.091% | $162.6M | $311.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,467.1 | −0.164% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,463.9 | −0.384% | $510K | $9.4M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,462.6 | −0.473% | $3.0M | $492K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,462.4 | −0.489% | $429K | $817K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,468.2 | −0.093% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,467.8 | −0.118% | $344K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,468.1 | −0.101% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,466.5 | −0.205% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,469.6 | +0.003% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,468.5 | −0.070% | $223K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,467.6 | −0.135% | $2.4M | $24.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,469.2 | −0.024% | $3.8M | $5.4M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,464.5 | −0.346% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,468.8 | −0.051% | $3.3M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERPshort | +0.0104% | 1h | 1,468.1 | −0.097% | $37K | $362K | 20x | |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,468.9 | −0.046% | $846K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERPlong | +0.0391% | 1h | 1,469.5 | long leg | $2.4M | $4.1M | 15x | |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,469.9 | +0.021% | $3.7M | $11.7M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,469.1 | −0.033% | $728K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0513% | 1h | 1,464.9 | −0.314% | $40K | $34K | 10x | as long as short |
| Lighter RH ZEC | +0.0520% | 1h | 1,470 | +0.031% | $2.0M | $8.2M | 10x | as long as short |
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Phoenix ZEC
Extended ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD
Lighter RH ZEC