Funding you earn now, next payment 02:00 UTC−0.0364%/8h= −39.8% APRpaid last 24h −0.008%
Price spread now: edgeX against Backpack+0.028%85s7-day average −0.440% · you sell dearer than you buy
Net, funding: paid 7d − costs+$17as 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−$220.216% of the position
Funding, last 7 days+0.386%+$39 on $10k
+Price spread, last 7 days+0.542%+$54 · spread now +0.028%, 7d avg −0.440%
=Together, before fees+0.929%+ Points / potential airdropedgeX: Active · farm board+$93 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.468% dearer against Backpack than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.440%): +$47 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 4.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.386%, so the current rate has only just turned against you. The two prices were read 85 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 | 1,469.6 | 0.0464 | pay 0.0058% / 1h | 55m 45s | $2.5M | $3.9M | 15x |
| Short | edgeX ZECUSDC | 1,470 | 0.0100 | get 0.0050% / 4h | 2h 55m | $572K | $9.0M | 20x |
Backpack ZEC_USDC_PERP
edgeX ZECUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$76.34
- Price spread: +0.028% → −0.440%
- $46.79
- Slippage, 4 orders
- −$2.62
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$51.17
- Costs to cover
- 0.216%
- Break-even
- from the start
Slippage from Backpack: live order book, 3 min ago; edgeX: live order book, 3 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 | 5.7 bp −$6 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 3 min ago | 0.61 bp | 5.2 bp −$5 | 10.3 bp −$103 | 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 | −0.3678% | 1h | 1,471.5 | +0.131% | $34K | $274K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0162% | 1h | 1,469.2 | −0.028% | $399K | $516K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0114% | 8h | 1,469.6 | +0.002% | $29.6M | $72.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.3 | +0.044% | $6K | $1K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,469.3 | −0.022% | $18.1M | $43.4M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469.9 | +0.018% | $414K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,467.7 | −0.129% | $957K | $5.1M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,466.7 | −0.199% | $83K | $405K | 10x | as long as short |
| Variational Omni ZEC | +0.0002% | 8h | 1,467.3 | −0.159% | $47.8M | $33.5M | — | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,468 | −0.111% | $5.2M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Variational Omni ZEC
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,467.5 | −0.147% | $8K | $9K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0024% | 8h | 1,468.6 | −0.069% | $293K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,468.4 | −0.082% | $4.6M | $1.5M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,467.9 | −0.116% | $382K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0070% | 8h | 1,469.5 | −0.009% | $180.7M | $1.28B | 50x | as long as short |
| Gate ZEC_USDT | +0.0091% | 8h | 1,469.6 | +0.002% | $50.0M | $173.2M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,467.2 | −0.162% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,467.2 | −0.167% | $14K | $845K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,469.3 | −0.020% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,467.2 | −0.163% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,470.6 | +0.067% | $765.5M | $451.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,469.7 | +0.008% | $14.9M | $31.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,469.2 | −0.027% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,468.8 | −0.058% | $681.3M | $2.34B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,469.1 | −0.033% | $271.9M | $625.5M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.7 | +0.071% | $895K | $17K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,469.2 | −0.026% | $218.0M | $789.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,469.8 | +0.014% | $103.7M | $55.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470 | +0.026% | $163.4M | $286.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,470 | +0.024% | — | $100.2M | — | as long as short |
| edgeX ZECUSDCshort | +0.0100% | 4h | 1,470 | +0.028% | $572K | $9.0M | 20x | |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.7 | +0.076% | $3.0M | $450K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,470.5 | +0.060% | $428K | $883K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,471.1 | +0.104% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,468.1 | −0.103% | $340K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,467.6 | −0.136% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,467.1 | −0.172% | $457K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,471.3 | +0.113% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,468.8 | −0.057% | $242K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,467.9 | −0.118% | $2.5M | $19.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,468.7 | −0.064% | $3.8M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,469.7 | +0.007% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.9 | −0.116% | $52K | $163K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0171% | 1h | 1,469.4 | −0.015% | $604K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0200% | 1h | 1,470.5 | +0.063% | $19.1M | $47.8M | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,468.6 | −0.069% | $691K | $8.6M | 10x | as long as short |
| Lighter RH ZEC | +0.0296% | 1h | 1,471.3 | +0.115% | $2.0M | $7.0M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,467.6 | −0.136% | $852K | $1.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERPlong | +0.0464% | 1h | 1,469.6 | long leg | $2.5M | $3.9M | 15x | |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,468.7 | −0.059% | $3.7M | $9.7M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0754% | 1h | 1,469.7 | +0.004% | $43K | $46K | 10x | as long as short |
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD