ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0312%/8h= +34.2% APRnext payment +$0.39 per $10,000 · paid last 24h −0.004%

Price spread now: RISEx against Backpack−0.040%7-day average −0.401% · 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+$14as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Backpack Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.140%+$14 on $10k

Price spread, last 7 days+0.499%+$50 · spread now −0.040%, 7d avg −0.401%

Together, before fees+0.639%+$64 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and RISEx is 0.361% dearer against Backpack than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.401%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ZEC_USDC_PERP	1,456.3	0.0100	pay 0.0013% / 1h	27m 48s	$2.4M	$3.9M	15x
Short	RISEx ZEC/USDC	1,455.7	0.0412	get 0.0052% / 1h	27m 48s	$921K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Backpack. 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 BackpackbpFee RISExbpOrdersPrice spread, now −0.040%Rate

Funding earned: $65.62
Price spread: −0.040% → −0.401%: $36.1
Slippage, 4 orders: −$6.34
Fee Backpack: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $79.38
Costs to cover: 0.223%
Break-even: from the start

Slippage from Backpack: live order book, 1 min ago; RISEx: live order book, 1 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, 1 min ago	0.03 bp	6.8 bp −$7	14.0 bp −$140	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	1.92 bp	4.9 bp −$5	10.7 bp −$107	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	−0.3166%	1h	1,457.3	+0.069%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.1	−0.012%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0067%	8h	1,456.4	+0.007%	$29.3M	$70.9M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,454.7	−0.109%	$410K	$38K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,456.2	−0.010%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456.1	−0.016%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456.6	+0.018%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,456.2	−0.009%	$291K	$956K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0067% / S −0.0018%	1h	1,456.6	+0.024%	$409K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,455.7	−0.041%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,455.6	−0.051%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,455.3	−0.066%	$11K	$859K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,456	−0.022%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,457.4	+0.073%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,457.2	+0.062%	$757.4M	$432.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.2	−0.006%	$14.5M	$27.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,455.6	−0.045%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,455.9	−0.026%	$669.0M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,455.2	−0.072%	$262.7M	$600.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,456	−0.022%	$177.9M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,457	+0.049%	$395K	$441K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454	−0.159%	$877K	$29K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,456.4	+0.008%	$50.3M	$174.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,456.3	+0.002%	$215.0M	$772.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,456.5	+0.011%	$102.6M	$54.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,456.7	+0.025%	$165.8M	$271.2M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,456	−0.023%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERPlong	+0.0100%	1h	1,456.3	long leg	$2.4M	$3.9M	15x
Variational Omni ZEC	+0.0100%	8h	1,455	−0.088%	$47.6M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,455.6	−0.051%	$567K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.2	−0.006%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,454.8	−0.100%	$405K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.4	+0.006%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.6	+0.021%	$366K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457.1	+0.055%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.2	−0.072%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.5	+0.220%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,456.1	−0.015%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,455.3	−0.069%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,456.4	+0.004%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,456.1	−0.014%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456	−0.019%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,455.9	−0.025%	$4.6M	$1.3M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0277%	1h	1,456	−0.021%	$18.0M	$45.0M	25x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0287%	1h	1,457	+0.052%	$609K	$1.3M	25x	as long as short
Lighter ZEC	+0.0304%	1h	1,457.2	+0.059%	$19.2M	$45.9M	20x	as long as short
RISEx ZEC/USDCshort	+0.0412%	1h	1,455.7	−0.040%	$921K	$1.1M	10x
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,458.8	+0.173%	$3.8M	$9.0M	50x	as long as short
Lighter RH ZEC	+0.0480%	1h	1,457.5	+0.080%	$2.1M	$7.0M	10x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,456.9	+0.041%	$695K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0676%	1h	1,455.6	−0.046%	$45K	$49K	10x	as long as short