Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:23 UTC−0.0283%/8h= −31.0% APRpaid last 24h +0.034%
Price spread now: Perpl against BloFin−0.134%7-day average −0.058% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.233%+$23 on $10k
Price spread, last 4 days (all we have)0.000%$0 · spread now −0.134%, 7d avg −0.058%
Together, before fees+0.234%+ Points / potential airdropPerpl: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Perpl is 0.076% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.058%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.233%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZEC-USDT1,515.2−0.0163get 0.0163% / 8h0m 44s$31.4M$77.0M75x
ShortPerpl ZEC1,513.1−0.0447pay 0.0040% / 43m32m 44s$62K$306K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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

Funding earned
−$59.47
Price spread: −0.134% → −0.058%
−$7.63
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$92.89
Costs to cover
0.258%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 8 min ago; Perpl: 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 8 min ago2.34 bp8.6 bp −$910.5 bp −$105doesn't fitdoesn't fit
Sell Perpl no order-book sample
Perpl: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3442%1h1,496.3−1.247%$36K$275K12xas long as short
Perpl ZECshort−0.0447%43m1,513.1−0.134%$62K$306K10x
Bulk ZEC-USD−0.0412%1h1,508.1−0.466%$776K$147K10xas long as short
BloFin ZEC-USDTlong−0.0163%8h1,515.2long leg$31.4M$77.0M75x
Aftermath Perps ZECUSD−0.0097%1h1,511.1−0.267%$48K$59K10xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,514.1−0.074%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,513.8−0.088%$421K$34K5xas long as short
Kalshi KXZECPERP0.0000%8h1,514.3−0.055%$1.6M$5.0M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,514.9−0.016%$5.4M150xas long as short
Kraken Futures PF_ZECUSD+0.0011%1h1,515−0.013%$18.3M$47.8M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps ZEC-USD.P+0.0066%1h1,507−0.539%$413K$551K5xas long as short
01 Exchange ZECUSD+0.0072%1h1,513.2−0.129%$8K$6K5xas long as short
Orderly PERP_ZEC_USDC+0.0083%8h1,514.3−0.055%$305K$863K20xas long as short
Phoenix ZEC+0.0096%1h1,514.3−0.059%$4.8M$1.4M10xas long as short
Lighter RH ZEC+0.0096%1h1,515.9+0.048%$2.1M$7.7M10xas long as short
Popdex ZECUSDT+0.0096%1h1,513.7−0.097%$176K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0097%8h1,512.9−0.149%$16K$897K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,515.1−0.006%$62K$19K10xas long as short
Nado ZEC-PERP+0.0100%1h1,513.8−0.088%$3.1M$7.7M10xas long as short
Hyperliquid ZEC+0.0100%1h1,515.2+0.002%$792.8M$447.7M10xas long as short
Aster ZECUSDT+0.0100%8h1,514.3−0.058%$14.2M$31.1M75xas long as short
Pacifica ZEC+0.0100%1h1,515−0.010%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,515.1−0.006%$716.0M$2.33B75xas long as short
Bybit ZECUSDT+0.0100%8h1,514.4−0.054%$273.7M$627.9M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,514.7−0.028%$183.4M$1.38B50xas long as short
Gate ZEC_USDT+0.0100%8h1,514.8−0.022%$60.0M$191.6M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,515.4+0.013%$262.3M$832.1M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,514.3−0.058%$103.6M$57.2M75xas long as short
Bitget ZECUSDT+0.0100%8h1,514.5−0.043%$163.7M$294.0M75xas long as short
BingX ZEC-USDC+0.0100%8h1,514.2−0.065%$6.7Mas long as short
Variational Omni ZEC+0.0100%8h1,513.8−0.092%$50.0M$35.6Mas long as short
edgeX ZECUSDC+0.0100%4h1,510.8−0.286%$578K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,510.9−0.285%$3.1M$532K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,509.9−0.346%$416K$948K50xas long as short
StandX ZEC-USD+0.0100%1h1,510.5−0.308%$54K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,514.5−0.044%$376K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,515−0.012%$169K$193K20xas long as short
Derive ZEC-PERP+0.0100%1h1,513.2−0.132%$462K$408K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,516.8+0.108%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,514.5−0.044%$256K$3.6M10xas long as short
HTX ZEC-USDT+0.0100%8h1,513.2−0.133%$2.7M$21.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,515.5+0.021%$4.1M$4.9M50xas long as short
Extended ZEC-USD+0.0104%1h1,514.3−0.056%$2.7M$8.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,514.7−0.029%$43K$151K20xas long as short
RISEx ZEC/USDC+0.0128%1h1,513−0.142%$960K$1.1M10xas long as short
Lighter ZEC+0.0128%1h1,516+0.051%$19.7M$47.1M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0146%1h1,515.3+0.007%$692K$1.4M25xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0151% / S −0.0151%1h1,515.1−0.006%$336K100xas long as short
Arcus ZEC-USD+0.0403%1h1,513.5−0.111%$596K$8.9M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0416%1h1,516.2+0.068%$3.7M$9.8M50xas long as short
Backpack ZEC_USDC_PERP+0.0491%1h1,515.2+0.003%$2.4M$3.8M15xas long as short