Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0478%/8h= +52.3% APRpaid last 24h +0.175%

Price spread now: Aftermath Perps against Bybit−0.053%53s7-day average — · you buy dearer than you sell

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

Long on Bybit 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 0.053% cheaper against Bybit than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$14 a day). 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	Bybit ZECUSDT	1,454.6	−0.0016	get 0.0016% / 8h	2h 55m	$269.0M	$677.0M	75x
Short	Aftermath Perps ZECUSD	1,453.8	0.0462	get 0.0058% / 1h	55m 39s	$39K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. 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 BybitbpFee Aftermath PerpsbpOrdersPrice spread, now −0.053%Rate

Funding earned: $100.4
Price spread: −0.053% → 0.000%: −$5.26
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $75.14
Costs to cover: 0.200%
Break-even: 1.8 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.03 bp	6.5 bp −$6	8.4 bp −$84	17.5 bp −$1,753	38.3 bp −$19.1K
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	−0.3476%	1h	1,454.5	−0.003%	$34K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,452	−0.176%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,452	−0.177%	$17.6M	$44.9M	25x	as long as short
BloFin ZEC-USDT	−0.0059%	8h	1,450.1	−0.304%	$29.1M	$76.1M	75x	as long as short
Variational Omni ZEC	−0.0034%	8h	1,451.4	−0.217%	$45.5M	$32.3M	—	as long as short
Bybit ZECUSDTlong	−0.0016%	8h	1,454.6	long leg	$269.0M	$677.0M	75x
dYdX ZEC-USD	0.0000%	1h	1,453.4	−0.079%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,453.5	−0.074%	$848K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,452.1	−0.172%	$82K	$400K	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0006%	8h	1,452.2	−0.163%	$291K	$1.5M	20x	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	1,452.5	−0.140%	$5.1M	—	150x	as long as short
OKX ZEC-USDT-SWAP	+0.0034%	8h	1,454.7	+0.011%	$172.8M	$1.37B	50x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,454	−0.041%	$8K	$8K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0041% / S +0.0061%	1h	1,452.4	−0.149%	$535K	—	100x	as long as short
Phoenix ZEC	+0.0045%	1h	1,455.2	+0.042%	$4.6M	$1.5M	10x	as long as short
Aster ZECUSDT	+0.0050%	8h	1,453.7	−0.059%	$15.1M	$35.3M	75x	as long as short
Gate ZEC_USDT	+0.0066%	8h	1,453.2	−0.096%	$49.2M	$184.9M	75x	as long as short
MEXC ZEC_USDT	+0.0094%	8h	1,453.2	−0.093%	$215.1M	$877.6M	150x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,454.2	−0.021%	$17K	$886K	10x	as long as short
Binance ZECUSDT	+0.0096%	8h	1,454.6	+0.006%	$662.0M	$2.55B	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,454.1	−0.029%	$178K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,453	−0.107%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,455	+0.033%	$3.0M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,453.9	−0.045%	$753.2M	$509.1M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,453.6	−0.068%	$1.6M	$3.1M	10x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,449.9	−0.320%	$393K	$522K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454.9	+0.023%	$896K	$37K	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,453.2	−0.092%	$103.7M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,453.1	−0.102%	$162.4M	$316.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,452.4	−0.146%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,452.7	−0.126%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,450.9	−0.253%	$487K	$9.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.2	−0.158%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,450.5	−0.278%	$705K	$604K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,451.1	−0.235%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,452.1	−0.168%	$298K	$2.1M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,452.2	−0.165%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,451	−0.241%	$441K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,455.7	+0.077%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,452.3	−0.153%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,452.8	−0.121%	$2.4M	$25.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,451.9	−0.182%	$3.7M	$5.5M	50x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,452.5	−0.139%	$36K	$362K	20x	as long as short
Lighter ZEC	+0.0144%	1h	1,454.6	+0.002%	$18.8M	$53.6M	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,454.1	−0.032%	$863K	$2.5M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0287%	1h	1,453.4	−0.082%	$568K	$1.3M	25x	as long as short
Extended ZEC-USD	+0.0432%	1h	1,453.4	−0.081%	$3.3M	$7.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,454.1	−0.032%	$3.7M	$11.5M	50x	as long as short
Aftermath Perps ZECUSDshort	+0.0462%	1h	1,453.8	−0.053%	$39K	$32K	10x
Arcus ZEC-USD	+0.0518%	1h	1,455.4	+0.057%	$754K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0624%	1h	1,455.4	+0.059%	$2.0M	$8.4M	10x	as long as short