Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: SunX against Bullet+0.081%7-day average +0.113% · 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−$136as in the Price arb table

costs, in and out, $10k−$1331.330% of the position

Long on Bullet Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.976%+$98 · spread now +0.081%, 7d avg +0.113%

Together, before fees+0.988%+$99 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: SunX is 0.032% cheaper against Bullet than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet ZEC-USD	1,450.1	0.0100	pay 0.0013% / 1h	38m 36s	$126K	$160K	20x
Short	SunX ZEC-USDT	1,451.3	0.0100	get 0.0100% / 8h	5h 38m	$3K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → +0.113%: −$3.17
Slippage, 4 orders: −$117.03
Fee Bullet: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$136.2
Costs to cover: 1.330%
Break-even: never at this rate

Slippage from Bullet: live order book, 25 min ago; SunX: live order book, 5 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, 25 min ago	1.80 bp	6.8 bp −$7	11.1 bp −$111	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	29.05 bp	67.7 bp −$68	doesn't fit	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	−0.3244%	1h	1,453.3	+0.215%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,449.6	−0.039%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0079%	8h	1,449.9	−0.014%	$29.3M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,448.4	−0.122%	$408K	$45K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,449.8	−0.022%	$957K	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,450	−0.011%	$83K	$248K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,448.5	−0.110%	$609K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,449.7	−0.033%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0039%	8h	1,448.8	−0.094%	$289K	$979K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0053% / S −0.0009%	1h	1,449.6	−0.035%	$374K	—	100x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZEC-USD.P	+0.0060%	1h	1,445.9	−0.293%	$396K	$431K	5x	as long as short
Phoenix ZEC	+0.0074%	1h	1,454.9	+0.329%	$4.6M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,449.5	−0.044%	$173K	$1.8M	50x	as long as short
Gate ZEC_USDT	+0.0096%	8h	1,450.2	+0.001%	$49.2M	$172.2M	75x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,448.5	−0.113%	$13K	$855K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,449.5	−0.041%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,450.2	+0.006%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,450.5	+0.024%	$755.2M	$433.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,448.8	−0.091%	$14.4M	$28.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,449.8	−0.025%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,449.5	−0.043%	$665.5M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,449.1	−0.071%	$266.4M	$609.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,449.6	−0.036%	$178.5M	$1.23B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,458.7	+0.586%	$886K	$16K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,450.3	+0.007%	$211.8M	$773.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,449.7	−0.029%	$101.8M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,450.9	+0.054%	$160.9M	$277.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,451.3	+0.082%	—	$97.3M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,449.5	−0.045%	$2.3M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,454.9	+0.329%	$47.2M	$32.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.5	+0.435%	$567K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.3	+0.629%	$3.0M	$418K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,458.9	+0.600%	$420K	$883K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.6	+0.028%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,450.3	+0.011%	$322K	$1.8M	10x	as long as short
Bullet ZEC-USDlong	+0.0100%	1h	1,450.1	long leg	$126K	$160K	20x
Derive ZEC-PERP	+0.0100%	1h	1,447.3	−0.198%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDTshort	+0.0100%	8h	1,451.3	+0.081%	$3K	$1.2M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,449.1	−0.076%	$232K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,448.6	−0.109%	$2.6M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,450.1	−0.003%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,450.4	+0.018%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,448.4	−0.118%	$48K	$155K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,450.2	+0.006%	$8K	$7K	5x	as long as short
Lighter ZEC	+0.0144%	1h	1,450.8	+0.044%	$19.0M	$46.2M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0197%	1h	1,449.2	−0.065%	$17.7M	$44.2M	25x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,452.6	+0.170%	$724K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0312%	1h	1,450.7	+0.041%	$2.0M	$6.8M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,450.2	+0.006%	$824K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,449.8	−0.023%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0710%	1h	1,458.3	+0.563%	$43K	$46K	10x	as long as short