Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.036%

Price spread now: GRVT against Bybit+0.035%50s7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.285% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 7 days−0.113%−$11 · spread now +0.035%, 7d avg −0.001%

Together, before fees−0.026%+ Points / potential airdropGRVT: Active · farm board−$3 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: GRVT is 0.036% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.001%. The two prices were read 50 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	1,458.8	0.0100	pay 0.0100% / 8h	5h 42m	$269.5M	$606.2M	75x
Short	GRVT ZEC_USDT_Perp	1,459.3	0.0100	get 0.0100% / 8h	5h 42m	$3.0M	$418K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.001%: $3.6
Slippage, 4 orders: −$8.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$24.89
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; GRVT: live order book, 1 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 Bybit live order book, 1 min ago	0.03 bp	6.2 bp −$6	7.9 bp −$79	17.1 bp −$1,705	35.4 bp −$17.7K
Sell GRVT live order book, 1 min ago	3.70 bp	8.2 bp −$8	11.4 bp −$114	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	1,462	+0.216%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,461.5	+0.186%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0078%	8h	1,459.5	+0.047%	$29.6M	$71.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,459.1	+0.023%	$411K	$45K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,460.6	+0.123%	$963K	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,459.3	+0.032%	$83K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,459.6	+0.055%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0037%	8h	1,459.8	+0.069%	$292K	$977K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0053%	1h	1,459	+0.014%	$396K	$433K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0009%	1h	1,459.8	+0.070%	$378K	—	100x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0074%	1h	1,459.6	+0.055%	$4.6M	$1.4M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0084%	1h	1,460.7	+0.129%	$608K	$1.3M	25x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,459.4	+0.044%	$173K	$1.8M	50x	as long as short
Variational Omni ZEC	+0.0098%	8h	1,459.8	+0.071%	$47.4M	$31.8M	—	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,459.6	+0.056%	$18K	$835K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,459	+0.017%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,459.4	+0.041%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,460.3	+0.103%	$760.9M	$433.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,458.7	−0.006%	$14.4M	$28.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,459.3	+0.037%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,458.8	+0.001%	$669.7M	$2.25B	75x	as long as short
Bybit ZECUSDTlong	+0.0100%	8h	1,458.8	long leg	$269.5M	$606.2M	75x
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,458.9	+0.008%	$179.8M	$1.23B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,458.7	−0.010%	$886K	$16K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,459	+0.014%	$49.9M	$170.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,459	+0.013%	$215.3M	$770.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,459.1	+0.019%	$102.5M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,459.1	+0.019%	$161.9M	$275.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,458.7	−0.007%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,460	+0.085%	$2.4M	$3.8M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.5	+0.188%	$569K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perpshort	+0.0100%	8h	1,459.3	+0.035%	$3.0M	$418K	10x
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.5	+0.185%	$421K	$883K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,460.8	+0.136%	$70K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,459	+0.014%	$339K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,459.3	+0.033%	$126K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,458.7	−0.005%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,461.6	+0.189%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,460.2	+0.093%	$241K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,458.3	−0.032%	$2.6M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,459.9	+0.075%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,459	+0.017%	$2.8M	$7.7M	10x	as long as short
01 Exchange ZECUSD	+0.0104%	1h	1,459.3	+0.037%	$8K	$7K	5x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,459.8	+0.070%	$48K	$155K	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,460	+0.085%	$18.0M	$43.7M	25x	as long as short
Lighter ZEC	+0.0208%	1h	1,460.1	+0.091%	$19.1M	$45.9M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,461.4	+0.176%	$707K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0328%	1h	1,460.5	+0.119%	$2.1M	$6.8M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,459.5	+0.047%	$831K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,461.5	+0.184%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0716%	1h	1,462.1	+0.226%	$43K	$46K	10x	as long as short