Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SunX against Derive+0.246%7-day average +0.170% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.043%+$4 on $10k
Price spread, last 4 days (all we have)−0.561%−$56 · spread now +0.246%, 7d avg +0.170%
Together, before fees−0.518%−$52 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: SunX is 0.076% dearer against Derive than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.170%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive ZEC-PERP1,458.40.0100pay 0.0013% / 1h41m 50s$445K$521K6.7x
ShortSunX ZEC-USDT1,4620.0100get 0.0100% / 8h5h 41m$3K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$0
Price spread: +0.246% → +0.170%
$7.65
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee SunX: 4 bp × 2 orders
−$8
Net
−$6.35
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Derive: no order-book sample; SunX: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample
Sell SunX live order book, 1 min ago29.05 bp67.7 bp −$68doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3244%1h1,462+0.240%$34K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,461.5+0.211%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0078%8h1,459.5+0.071%$29.6M$71.0M75xas long as short
dYdX ZEC-USD0.0000%1h1,457.4−0.069%$410K$45K5xas long as short
Kalshi KXZECPERP0.0000%8h1,459.6+0.080%$963K$4.6M2.2xas long as short
Perpl ZEC0.0000%43m1,459.3+0.056%$83K$249K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,459.4+0.065%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0038%8h1,459.5+0.075%$292K$977K20xas long as short
Ondo Perps ZEC-USD.P+0.0053%1h1,459+0.038%$396K$433K5xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0054% / S −0.0009%1h1,459.2+0.051%$378K100xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix ZEC+0.0074%1h1,459.6+0.079%$4.6M$1.4M10xas long as short
Popdex ZECUSDT+0.0096%1h1,459+0.039%$173K$1.8M50xas long as short
Variational Omni ZEC+0.0098%8h1,459.8+0.095%$47.4M$31.8Mas long as short
Katana Perps ZEC-USD+0.0100%8h1,459.6+0.080%$18K$835K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,459+0.041%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,459.4+0.064%$2.6M$6.5M10xas long as short
Hyperliquid ZEC+0.0100%1h1,458−0.031%$759.9M$433.2M10xas long as short
Aster ZECUSDT+0.0100%8h1,457.9−0.036%$14.4M$28.8M75xas long as short
Pacifica ZEC+0.0100%1h1,457.3−0.079%$1.7M$2.6M10xas long as short
Binance ZECUSDT+0.0100%8h1,456.8−0.111%$668.8M$2.25B75xas long as short
Bybit ZECUSDT+0.0100%8h1,456.6−0.125%$268.9M$607.1M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,457−0.101%$179.6M$1.23B50xas long as short
Bulk ZEC-USD+0.0100%1h1,458.7+0.014%$886K$16K10xas long as short
Gate ZEC_USDT+0.0100%8h1,457.1−0.091%$49.9M$170.9M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,457.5−0.067%$215.7M$771.1M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,457.3−0.076%$102.4M$55.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,457.1−0.094%$161.6M$275.6M75xas long as short
BingX ZEC-USDC+0.0100%8h1,458.2−0.018%$6.7Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,459.4+0.062%$2.4M$3.8M15xas long as short
edgeX ZECUSDC+0.0100%4h1,461.5+0.212%$569K$8.9M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,459.3+0.059%$3.0M$418K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,461.5+0.209%$421K$883K50xas long as short
StandX ZEC-USD+0.0100%1h1,459.8+0.093%$70K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,458.6+0.010%$324K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,459.1+0.043%$126K$160K20xas long as short
Derive ZEC-PERPlong+0.0100%1h1,458.4long leg$445K$521K6.7x
SunX ZEC-USDTshort+0.0100%8h1,462+0.246%$3K$1.2M20x
SoDEX ZEC-USD+0.0100%1h1,459.3+0.056%$240K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,458.3−0.009%$2.6M$18.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,459.5+0.074%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,458.4−0.007%$2.8M$7.7M10xas long as short
01 Exchange ZECUSD+0.0104%1h1,459.3+0.061%$8K$7K5xas long as short
Aevo ZEC-PERP+0.0104%1h1,458.9+0.028%$48K$155K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0105%1h1,460.2+0.122%$608K$1.3M25xas long as short
Kraken Futures PF_ZECUSD+0.0195%1h1,459.2+0.051%$18.0M$43.7M25xas long as short
Lighter ZEC+0.0208%1h1,458.3−0.008%$19.1M$46.0M20xas long as short
Arcus ZEC-USD+0.0277%1h1,461.4+0.200%$707K$8.5M10xas long as short
Lighter RH ZEC+0.0328%1h1,458.8+0.026%$2.0M$6.8M10xas long as short
RISEx ZEC/USDC+0.0409%1h1,459.5+0.071%$831K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0456%1h1,461.3+0.195%$3.6M$9.0M50xas long as short
Aftermath Perps ZECUSD+0.0716%1h1,461.6+0.215%$43K$46K10xas long as short