Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:29 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.026%

Price spread now: Perpl against Deribit+0.001%7-day average −0.128% · you sell dearer than you buy

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

Long on Deribit Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 3 days (all we have)−0.298%−$30 · spread now +0.001%, 7d avg −0.128%

Together, before fees−0.353%+ Points / potential airdropPerpl: Active · farm board−$35 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: Perpl is 0.129% dearer against Deribit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ZEC_USDC-PERPETUAL	1,473.3	0	get 0.0000% / 1h	7m 49s	$615K	$1.3M	25x
Short	Perpl ZEC	1,473.3	0	get 0.0000% / 43m	3m 49s	$84K	$406K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpFee PerplbpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → −0.128%: $12.93
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$7.87
Costs to cover: 0.208%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 1 min ago; Perpl: 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 Deribit live order book, 1 min ago	4.03 bp	9.2 bp −$9	17.0 bp −$170	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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	−0.3089%	1h	1,474.5	+0.084%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0258%	1h	1,472	−0.087%	$400K	$521K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,472.7	−0.040%	$17.9M	$44.2M	25x	as long as short
Bybit ZECUSDT	−0.0114%	8h	1,471.7	−0.104%	$274.9M	$651.4M	75x	as long as short
BloFin ZEC-USDT	−0.0107%	8h	1,474.2	+0.061%	$29.7M	$74.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.9	+0.045%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0058%	8h	1,472.3	−0.066%	$47.5M	$34.3M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,474.4	+0.078%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.3	−0.068%	$959K	$5.6M	2.2x	as long as short
Perpl ZECshort	0.0000%	43m	1,473.3	+0.001%	$84K	$406K	10x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUALlong	0.0000%	1h	1,473.3	long leg	$615K	$1.3M	25x
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.9	−0.024%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,473.7	+0.030%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,472.5	−0.055%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.6	+0.020%	$4.7M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0039%	8h	1,472	−0.085%	$181.5M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0048%	8h	1,472.4	−0.059%	$51.2M	$187.8M	75x	as long as short
ApeX Omni ZECUSDT	+0.0049%	1h	1,472	−0.089%	$431K	$843K	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.7	−0.042%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,473.9	+0.043%	$19.2M	$52.6M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,473.2	−0.004%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,474.4	+0.074%	$19K	$851K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.6	+0.023%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,474.4	+0.074%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.6	+0.022%	$763.4M	$472.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.3	−0.069%	$15.0M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,474.4	+0.075%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.2	−0.075%	$683.4M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,474.7	+0.097%	$697K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.8	−0.034%	$896K	$38K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.2	−0.073%	$226.3M	$845.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.3	−0.064%	$104.5M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.3	−0.069%	$163.6M	$300.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,472.6	−0.046%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.5	−0.120%	$513K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473	−0.018%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.5	+0.016%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.4	−0.060%	$335K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.1	−0.080%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.9	−0.160%	$458K	$508K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,475.5	+0.148%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.4	−0.058%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.8	−0.100%	$2.5M	$22.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.3	+0.003%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.8	−0.032%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.6	−0.047%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,474.2	+0.063%	$830K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0403%	1h	1,473.3	+0.002%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,474.9	+0.113%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0440%	1h	1,474.6	+0.090%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0765%	1h	1,474	+0.046%	$46K	$47K	10x	as long as short