Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: SoDEX against Bulk+0.201%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$1as in the Price arb table

costs, in and out, $10k−$160.161% of the position

Long on Bulk Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$3 on $10k

Price spread, last 4 days (all we have)+0.169%+$17 · spread now +0.201%, 7d avg +0.031%

Together, before fees+0.194%+$19 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: SoDEX is 0.170% dearer against Bulk than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk ZEC-USD	1,460.6	0.0100	pay 0.0013% / 1h	10m 09s	$882K	$17K	10x
Short	SoDEX ZEC-USD	1,463.6	0.0100	get 0.0013% / 1h	10m 09s	$234K	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bulk. 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 BulkbpFee SoDEXbpOrdersPrice spread, now +0.201%Rate

Funding earned: $0
Price spread: +0.201% → +0.031%: $17.01
Slippage, 4 orders: −$1.08
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $0.93
Costs to cover: 0.161%
Break-even: from the start

Slippage from Bulk: live order book, 44 min ago; SoDEX: live order book, 4 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 Bulk live order book, 44 min ago	0.03 bp	3.5 bp −$4	4.3 bp −$43	11.2 bp −$1,117	21.3 bp −$10.6K
Sell SoDEX live order book, 4 min ago	0.03 bp	4.8 bp −$5	16.5 bp −$165	103.0 bp −$10.3K	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	−0.3042%	1h	1,463	+0.166%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,466.3	+0.389%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,466.1	+0.377%	$29.7M	$71.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,463.5	+0.200%	$407K	$37K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,463.1	+0.170%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463.5	+0.194%	$5.2M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0016%	1h	1,463.9	+0.225%	$616K	$1.3M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,463.4	+0.193%	$292K	$903K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0071%	1h	1,460.4	−0.014%	$397K	$435K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0088% / S −0.0040%	1h	1,463.2	+0.176%	$437K	—	100x	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	1,463.9	+0.226%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,464.3	+0.251%	$14K	$801K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,463.7	+0.212%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,464.9	+0.292%	$2.9M	$6.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,464.2	+0.248%	$14.6M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,463.7	+0.212%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,464.3	+0.255%	$674.2M	$2.17B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,463.1	+0.172%	$262.1M	$587.6M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,463.6	+0.204%	$179.1M	$1.21B	50x	as long as short
Bulk ZEC-USDlong	+0.0100%	1h	1,460.6	long leg	$882K	$17K	10x
Gate ZEC_USDT	+0.0100%	8h	1,463.9	+0.223%	$52.2M	$173.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,463.7	+0.214%	$220.1M	$775.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,463.9	+0.224%	$103.1M	$53.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,464.2	+0.246%	$166.2M	$267.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,463.8	+0.215%	—	$106.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,464.4	+0.260%	$48.0M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.5	+0.064%	$569K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,463.2	+0.175%	$3.0M	$464K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.4	+0.053%	$404K	$945K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,465.7	+0.345%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,463.6	+0.205%	$358K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.1	+0.170%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.4	+0.120%	$446K	$504K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,465.9	+0.361%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USDshort	+0.0100%	1h	1,463.6	+0.201%	$234K	$3.1M	10x
HTX ZEC-USDT	+0.0100%	8h	1,462.2	+0.110%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,463.2	+0.179%	$3.9M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,463.4	+0.189%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,463.2	+0.179%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,462.7	+0.142%	$4.7M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,464.6	+0.271%	$8K	$7K	5x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,465.2	+0.316%	$2.1M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0146%	1h	1,465.1	+0.307%	$763.4M	$424.9M	10x	as long as short
Lighter ZEC	+0.0168%	1h	1,465.1	+0.308%	$19.4M	$45.4M	20x	as long as short
Kalshi KXZECPERP	+0.0179%	8h	1,464.8	+0.289%	$1.5M	$4.4M	2.2x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,464.2	+0.248%	$926K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0299%	1h	1,464	+0.234%	$2.4M	$3.8M	15x	as long as short
Kraken Futures PF_ZECUSD	+0.0331%	1h	1,463.4	+0.189%	$18.0M	$45.4M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,465.3	+0.320%	$676K	$8.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,468.4	+0.531%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0684%	1h	1,462.7	+0.143%	$45K	$49K	10x	as long as short