Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.033%
Price spread now: Aster against Backpack−0.081%7-day average −0.446% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$15as in the Price arb table
costs, in and out, $10k−$220.217% of the position
Funding, last 5 days (all we have)+0.011%+$1 on $10k
+Price spread, last 7 days+0.399%+$40 · spread now −0.081%, 7d avg −0.446%
=Together, before fees+0.410%+ Points / potential airdropAster: Stage 5 · farm board+$41 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: Aster is 0.365% dearer against Backpack than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of −0.446%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZEC_USDC_PERP | 1,450.6 | 0.0100 | pay 0.0013% / 1h | 57m 35s | $2.5M | $3.8M | 15x |
| Short | Aster ZECUSDT | 1,449.4 | 0.0100 | get 0.0100% / 8h | 4h 57m | $14.4M | $27.8M | 75x |
Backpack ZEC_USDC_PERP
Aster ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- $0
- Price spread: −0.081% → −0.446%
- $36.52
- Slippage, 4 orders
- −$3.73
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $14.78
- Costs to cover
- 0.217%
- Break-even
- from the start
Slippage from Backpack: live order book, 2 min ago; Aster: 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 Backpack live order book, 2 min ago | 0.03 bp | 6.0 bp −$6 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell Aster live order book, 6 min ago | 0.62 bp | 5.4 bp −$5 | 9.4 bp −$94 | 21.4 bp −$2,136 | 93.1 bp −$46.5K |
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 | −0.3166% | 1h | 1,450.8 | +0.015% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,450.2 | −0.026% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,450.7 | +0.010% | $29.3M | $70.4M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,449.6 | −0.070% | $408K | $40K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,450.6 | −0.001% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,449.8 | −0.057% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,450 | −0.044% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0056% | 8h | 1,449.9 | −0.048% | $290K | $960K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0063% / S −0.0013% | 1h | 1,449.7 | −0.059% | $407K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,446.3 | −0.299% | $7K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0074% | 1h | 1,451.2 | +0.042% | $4.6M | $1.3M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,446.3 | −0.296% | $172K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,446.3 | −0.293% | $10K | $880K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,449.7 | −0.059% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,447.2 | −0.234% | $2.6M | $6.3M | 10x | as long as short |
| Aster ZECUSDTshort | +0.0100% | 8h | 1,449.4 | −0.081% | $14.4M | $27.8M | 75x | |
| Pacifica ZEC | +0.0100% | 1h | 1,450 | −0.042% | $1.6M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,446.5 | −0.283% | $663.4M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,446.3 | −0.298% | $261.2M | $603.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,447.2 | −0.232% | $177.4M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,448.7 | −0.130% | $395K | $449K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,450 | −0.041% | $876K | $23K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,449.6 | −0.065% | $49.8M | $171.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,449.6 | −0.068% | $221.1M | $765.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,449.9 | −0.049% | $102.0M | $55.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,449.1 | −0.100% | $161.5M | $272.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,449.2 | −0.096% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERPlong | +0.0100% | 1h | 1,450.6 | long leg | $2.5M | $3.8M | 15x | |
| Variational Omni ZEC | +0.0100% | 8h | 1,449.7 | −0.061% | $47.4M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,450.2 | −0.024% | $564K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,450.7 | +0.010% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,450.2 | −0.028% | $408K | $911K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,450.5 | −0.010% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,449.8 | −0.054% | $367K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,450 | −0.041% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,449 | −0.111% | $442K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,452.8 | +0.150% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,449.8 | −0.052% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,449.9 | −0.049% | $2.7M | $18.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,450.1 | −0.037% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,448.5 | −0.142% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,449.4 | −0.084% | $47K | $151K | 20x | as long as short |
| Hyperliquid ZEC | +0.0134% | 1h | 1,451 | +0.028% | $754.7M | $435.0M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0195% | 1h | 1,450.5 | −0.007% | $609K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0248% | 1h | 1,451.4 | +0.056% | $19.1M | $45.8M | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0278% | 1h | 1,450.1 | −0.034% | $17.9M | $44.7M | 25x | as long as short |
| Lighter RH ZEC | +0.0392% | 1h | 1,451.5 | +0.063% | $2.0M | $6.8M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,446.9 | −0.251% | $828K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,452.6 | +0.136% | $3.7M | $8.9M | 50x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,450.5 | −0.005% | $724K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0678% | 1h | 1,451.8 | +0.083% | $44K | $49K | 10x | as long as short |
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
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
Extended ZEC-USD
Aevo ZEC-PERP
Hyperliquid ZEC
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Kraken Futures PF_ZECUSD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD