Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: Aster against Bullet+0.009%53s7-day average −0.034% · 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—prices read too far apart to compare

costs, in and out, $10k−$250.247% of the position

Long on Bullet Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.043%−$4 on $10k

Price spread, last 3 days (all we have)−0.368%−$37 · spread now +0.009%, 7d avg −0.034%

Together, before fees−0.411%+ Points / potential airdropAster: Stage 5 · farm board−$41 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: Aster is 0.042% dearer against Bullet than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.034%. The two prices were read 53 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	Bullet ZEC-USD	1,472.4	0.0100	pay 0.0013% / 1h	9m 34s	$128K	$159K	20x
Short	Aster ZECUSDT	1,472.5	0.0100	get 0.0100% / 8h	9m 34s	$15.0M	$32.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bullet. 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 BulletbpFee AsterbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.034%: $4.25
Slippage, 4 orders: −$8.73
Fee Bullet: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$20.48
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from Bullet: live order book, 4 min ago; Aster: 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 Bullet live order book, 4 min ago	1.80 bp	6.6 bp −$7	10.6 bp −$106	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	0.68 bp	4.7 bp −$5	8.6 bp −$86	21.0 bp −$2,101	151.0 bp −$75.5K

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	−0.3089%	1h	1,473.8	+0.100%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0254%	1h	1,472	−0.024%	$400K	$521K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,472.9	+0.040%	$17.9M	$44.2M	25x	as long as short
Bybit ZECUSDT	−0.0113%	8h	1,472.3	−0.005%	$274.9M	$651.8M	75x	as long as short
BloFin ZEC-USDT	−0.0107%	8h	1,472.3	−0.003%	$29.6M	$74.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.1	+0.050%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0058%	8h	1,472.3	−0.003%	$47.5M	$34.3M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.2	+0.057%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473.4	+0.069%	$961K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473	+0.044%	$84K	$406K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,473.4	+0.069%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,473.2	+0.056%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,472.7	+0.024%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.5	+0.081%	$4.7M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0039%	8h	1,472.9	+0.040%	$181.5M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0049%	8h	1,472.5	+0.010%	$51.2M	$187.7M	75x	as long as short
ApeX Omni ZECUSDT	+0.0049%	1h	1,472	−0.026%	$431K	$843K	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.9	+0.039%	$372K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0083%	1h	1,473.9	+0.107%	$615K	$1.3M	25x	as long as short
Lighter ZEC	+0.0096%	1h	1,474	+0.114%	$19.2M	$52.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.8	+0.033%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,473.8	+0.097%	$19K	$851K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.6	+0.019%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.3	+0.066%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.7	+0.094%	$763.4M	$472.4M	10x	as long as short
Aster ZECUSDTshort	+0.0100%	8h	1,472.5	+0.009%	$15.0M	$32.5M	75x
Pacifica ZEC	+0.0100%	1h	1,473.2	+0.057%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.9	+0.035%	$683.7M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,474	+0.111%	$698K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.8	+0.029%	$896K	$38K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.4	+0.005%	$226.5M	$845.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.6	+0.018%	$104.6M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,473	+0.046%	$163.7M	$300.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,471.6	−0.052%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.5	−0.057%	$513K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473	+0.045%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.8	+0.096%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.6	+0.017%	$335K	$1.9M	10x	as long as short
Bullet ZEC-USDlong	+0.0100%	1h	1,472.4	long leg	$128K	$159K	20x
Derive ZEC-PERP	+0.0100%	1h	1,471.2	−0.078%	$459K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,475.1	+0.188%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.8	+0.029%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.6	−0.048%	$2.5M	$22.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472.4	+0.001%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.9	+0.036%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,473.1	+0.049%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,473.5	+0.077%	$830K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0406%	1h	1,473.4	+0.069%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,475.3	+0.198%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0440%	1h	1,474.9	+0.172%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0763%	1h	1,473.9	+0.107%	$46K	$47K	10x	as long as short