Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0758%/8h= +83.0% APRpaid last 24h +0.207%

Price spread now: Aftermath Perps against BloFin−0.037%49s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.037% cheaper against BloFin than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$23 a day). The two prices were read 49 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	BloFin ZEC-USDT	1,461.9	−0.0071	get 0.0071% / 8h	3h 11m	$29.6M	$70.7M	75x
Short	Aftermath Perps ZECUSD	1,461.3	0.0687	get 0.0086% / 1h	11m 37s	$45K	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against BloFin. 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 BloFinbpFee Aftermath PerpsbpOrdersPrice spread, now −0.037%Rate

Funding earned: $159.08
Price spread: −0.037% → 0.000%: −$3.71
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $134.38
Costs to cover: 0.210%
Break-even: 1.1 days

Slippage unknown: BloFin: live order book, 13 min ago; Aftermath Perps: 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 BloFin live order book, 13 min ago	0.14 bp	6.4 bp −$6	7.5 bp −$75	11.4 bp −$1,136	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	−0.3042%	1h	1,461.1	−0.054%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,464.4	+0.177%	$6K	$1K	10x	as long as short
BloFin ZEC-USDTlong	−0.0071%	8h	1,461.9	long leg	$29.6M	$70.7M	75x
dYdX ZEC-USD	0.0000%	1h	1,466	+0.281%	$407K	$38K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,463.1	+0.088%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463.9	+0.137%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,463.7	+0.128%	$293K	$910K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0076%	1h	1,460.4	−0.099%	$397K	$435K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0088% / S −0.0039%	1h	1,463.6	+0.121%	$436K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,465.6	+0.257%	$173K	$1.6M	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps ZEC-USD	+0.0100%	8h	1,466.2	+0.299%	$14K	$804K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,466.5	+0.319%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,466.1	+0.289%	$2.9M	$6.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,466.1	+0.293%	$14.6M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,466.5	+0.317%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,466.3	+0.306%	$675.1M	$2.17B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,465.1	+0.220%	$262.4M	$589.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,465.4	+0.244%	$179.7M	$1.21B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,460.6	−0.085%	$882K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,466.3	+0.302%	$52.3M	$172.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,466.6	+0.323%	$220.4M	$774.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,466.6	+0.323%	$103.3M	$53.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,465.9	+0.280%	$166.5M	$268.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,466.1	+0.291%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,458.8	−0.210%	$47.8M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.5	−0.021%	$569K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,463.2	+0.090%	$3.0M	$464K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.4	−0.032%	$404K	$945K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462.9	+0.073%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,465.6	+0.257%	$358K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.3	+0.099%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.7	+0.061%	$447K	$504K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,464.3	+0.169%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,463.7	+0.127%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,463.1	+0.084%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,463.2	+0.089%	$3.9M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,466.3	+0.302%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,463.5	+0.114%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,462.7	+0.057%	$4.7M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,466.3	+0.304%	$8K	$7K	5x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,465.8	+0.270%	$2.1M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0148%	1h	1,465.7	+0.261%	$763.7M	$424.9M	10x	as long as short
Lighter ZEC	+0.0168%	1h	1,465.8	+0.270%	$19.4M	$45.4M	20x	as long as short
Kalshi KXZECPERP	+0.0187%	8h	1,463.6	+0.118%	$1.5M	$4.4M	2.2x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,466.4	+0.310%	$927K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0219%	1h	1,464.7	+0.197%	$616K	$1.3M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0292%	1h	1,464.3	+0.164%	$2.4M	$3.8M	15x	as long as short
Kraken Futures PF_ZECUSD	+0.0331%	1h	1,463.4	+0.105%	$18.1M	$45.2M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,467	+0.354%	$681K	$8.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,464.8	+0.199%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSDshort	+0.0687%	1h	1,461.3	−0.037%	$45K	$49K	10x