Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: edgeX against Derive+0.102%46s7-day average +0.016% · you sell dearer than you buy

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

Long on Derive Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)−0.924%−$92 · spread now +0.102%, 7d avg +0.016%

Together, before fees−0.876%+ Points / potential airdropedgeX: Active · farm board−$88 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: edgeX is 0.086% dearer against Derive than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.016%. The two prices were read 46 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	1,470.9	0.0100	pay 0.0013% / 1h	7m 27s	$458K	$508K	6.7x
Short	edgeX ZECUSDC	1,472.4	0.0100	get 0.0050% / 4h	7m 27s	$513K	$9.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Derive. 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 DerivebpFee edgeXbpOrdersPrice spread, now +0.102%Rate

Funding earned: $0
Price spread: +0.102% → +0.016%: $8.63
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$6.37
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; edgeX: live order book, 2 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 edgeX live order book, 2 min ago	0.37 bp	5.1 bp −$5	9.5 bp −$95	doesn't fit	doesn't fit

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	−0.3089%	1h	1,474.5	+0.244%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0258%	1h	1,472	+0.073%	$400K	$521K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,472.7	+0.120%	$17.9M	$44.2M	25x	as long as short
Bybit ZECUSDT	−0.0114%	8h	1,471.7	+0.054%	$274.8M	$651.3M	75x	as long as short
BloFin ZEC-USDT	−0.0107%	8h	1,474.2	+0.221%	$29.7M	$74.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.4	+0.102%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0058%	8h	1,472.3	+0.094%	$47.5M	$34.3M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.1	+0.145%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.3	+0.092%	$959K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.6	+0.116%	$84K	$406K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,473.3	+0.160%	$615K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.8	+0.130%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,473	+0.141%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,472.4	+0.101%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.6	+0.180%	$4.7M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0039%	8h	1,472.2	+0.090%	$181.5M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0048%	8h	1,472.3	+0.096%	$51.3M	$187.8M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.6	+0.117%	$372K	—	100x	as long as short
ApeX Omni ZECUSDT	+0.0055%	1h	1,473.5	+0.173%	$432K	$844K	50x	as long as short
Lighter ZEC	+0.0096%	1h	1,473.9	+0.203%	$19.2M	$52.6M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.5	+0.109%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,473.6	+0.184%	$19K	$851K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.6	+0.113%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473	+0.142%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.7	+0.189%	$763.4M	$472.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.3	+0.093%	$15.0M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472.9	+0.137%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.5	+0.104%	$683.5M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,474.1	+0.217%	$696K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.8	+0.126%	$896K	$38K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.3	+0.093%	$226.2M	$845.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.4	+0.097%	$104.5M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.4	+0.101%	$163.6M	$300.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,472.3	+0.094%	—	$101.8M	—	as long as short
edgeX ZECUSDCshort	+0.0100%	4h	1,472.4	+0.102%	$513K	$9.1M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.4	+0.237%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.5	+0.177%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.2	+0.087%	$335K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.1	+0.083%	$128K	$159K	20x	as long as short
Derive ZEC-PERPlong	+0.0100%	1h	1,470.9	long leg	$458K	$508K	6.7x
SunX ZEC-USDT	+0.0100%	8h	1,475.5	+0.309%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.4	+0.102%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.8	+0.060%	$2.5M	$22.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.3	+0.163%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.8	+0.130%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.6	+0.113%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,473.7	+0.188%	$830K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0403%	1h	1,473.3	+0.162%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,474.9	+0.273%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0440%	1h	1,474.6	+0.250%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0766%	1h	1,473.7	+0.187%	$46K	$47K	10x	as long as short