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 −0.018%

Price spread now: Aster against Derive+0.140%57s7-day average +0.048% · you sell dearer than you buy

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

Long on Derive Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.256%−$26 on $10k

Price spread, last 4 days (all we have)−1.453%−$145 · spread now +0.140%, 7d avg +0.048%

Together, before fees−1.709%+ Points / potential airdropAster: Stage 5 · farm board−$171 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 0.092% dearer against Derive than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.048%. The two prices were read 57 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	Derive ZEC-PERP	1,457.2	0.0100	pay 0.0013% / 1h	19m 30s	$445K	$521K	6.7x
Short	Aster ZECUSDT	1,459.2	0.0100	get 0.0100% / 8h	5h 19m	$14.5M	$28.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Derive. 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 DerivebpFee AsterbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → +0.048%: $9.16
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.84
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Aster: live order book, 5 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	0.03 bp	4.2 bp −$4	6.5 bp −$65	18.0 bp −$1,796	101.5 bp −$50.7K

Derive: 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	−0.3244%	1h	1,459.5	+0.160%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0082%	8h	1,459.4	+0.151%	$29.1M	$70.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,459.2	+0.141%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,458.7	+0.105%	$411K	$43K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,459.2	+0.142%	$1.5M	$5.1M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,458.3	+0.077%	$83K	$241K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,459.4	+0.154%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0048%	8h	1,460.2	+0.206%	$292K	$966K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,459.3	+0.150%	$409K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,461.6	+0.306%	$4.6M	$1.4M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,458.9	+0.121%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,459.3	+0.150%	$16K	$866K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,459.1	+0.131%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,459	+0.127%	$2.6M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,460.4	+0.223%	$763.9M	$430.6M	10x	as long as short
Aster ZECUSDTshort	+0.0100%	8h	1,459.2	+0.140%	$14.5M	$28.1M	75x
Pacifica ZEC	+0.0100%	1h	1,459.1	+0.134%	$1.7M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,459.6	+0.167%	$668.5M	$2.23B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,459.2	+0.137%	$265.1M	$604.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,460.1	+0.203%	$178.5M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,457.8	+0.044%	$396K	$432K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,456.1	−0.073%	$882K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,459.4	+0.153%	$49.7M	$174.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,459.4	+0.152%	$213.5M	$778.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,459.1	+0.135%	$102.2M	$55.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,459.5	+0.159%	$162.2M	$272.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,459.8	+0.183%	—	$97.1M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,458.8	+0.109%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,459	+0.129%	$47.7M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,459.6	+0.168%	$568K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.7	+0.172%	$3.0M	$432K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,459.4	+0.157%	$410K	$913K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,460.6	+0.236%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,459.1	+0.133%	$332K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,459.6	+0.167%	$160K	$185K	20x	as long as short
Derive ZEC-PERPlong	+0.0100%	1h	1,457.2	long leg	$445K	$521K	6.7x
SunX ZEC-USDT	+0.0100%	8h	1,461.2	+0.275%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,458.4	+0.086%	$233K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,458.3	+0.078%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,458.5	+0.091%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,458.7	+0.107%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,458.5	+0.089%	$47K	$153K	20x	as long as short
01 Exchange ZECUSD	+0.0144%	1h	1,459.7	+0.172%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,458.2	+0.069%	$18.0M	$44.5M	25x	as long as short
Lighter ZEC	+0.0232%	1h	1,460.2	+0.206%	$19.1M	$46.7M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,460.5	+0.232%	$706K	$8.5M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0320%	1h	1,459.1	+0.133%	$613K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0376%	1h	1,460.5	+0.227%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,459.4	+0.157%	$834K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,462.3	+0.353%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0700%	1h	1,459.2	+0.141%	$45K	$49K	10x	as long as short