Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0364%/8h= +39.8% APRpaid last 24h +0.158%

Price spread now: Aftermath Perps against edgeX+0.183%68s7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Aftermath Perps is 0.183% dearer against edgeX than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 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	edgeX ZECUSDC	1,450.9	0.0100	pay 0.0050% / 4h	2h 53m	$487K	$9.7M	20x
Short	Aftermath Perps ZECUSD	1,453.5	0.0464	get 0.0058% / 1h	53m 44s	$39K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against edgeX. 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 edgeXbpFee Aftermath PerpsbpOrdersPrice spread, now +0.183%Rate

Funding earned: $76.4
Price spread: +0.183% → 0.000%: $18.28
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $76.68
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: edgeX: live order book, 5 min ago; Aftermath Perps: 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 edgeX live order book, 5 min ago	0.38 bp	5.0 bp −$5	9.0 bp −$90	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	−0.3476%	1h	1,437.6	−0.914%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,451	+0.005%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,450.7	−0.015%	$17.6M	$44.7M	25x	as long as short
BloFin ZEC-USDT	−0.0065%	8h	1,454.9	+0.279%	$29.2M	$76.1M	75x	as long as short
Variational Omni ZEC	−0.0034%	8h	1,451.4	+0.036%	$45.5M	$32.3M	—	as long as short
Bybit ZECUSDT	−0.0014%	8h	1,453.2	+0.163%	$269.2M	$677.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,453.6	+0.187%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,455	+0.282%	$849K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,450.9	−0.002%	$82K	$400K	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0006%	8h	1,450.7	−0.013%	$291K	$1.5M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,451.2	+0.025%	$5.1M	—	150x	as long as short
OKX ZEC-USDT-SWAP	+0.0035%	8h	1,453.9	+0.210%	$172.2M	$1.37B	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0041% / S +0.0062%	1h	1,451	+0.011%	$535K	—	100x	as long as short
Phoenix ZEC	+0.0045%	1h	1,450.4	−0.035%	$4.6M	$1.6M	10x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,454	+0.213%	$8K	$8K	5x	as long as short
Aster ZECUSDT	+0.0054%	8h	1,452.8	+0.136%	$15.1M	$35.3M	75x	as long as short
Gate ZEC_USDT	+0.0061%	8h	1,453	+0.148%	$49.3M	$185.1M	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0078%	1h	1,449.9	−0.067%	$393K	$522K	5x	as long as short
Polymarket Perps ZEC-USD	+0.0086%	1h	1,450.3	−0.039%	$298K	$2.1M	10x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,450.4	−0.031%	$17K	$886K	10x	as long as short
MEXC ZEC_USDT	+0.0095%	8h	1,453.4	+0.176%	$219.8M	$879.3M	150x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,450.1	−0.051%	$177K	$2.0M	50x	as long as short
Binance ZECUSDT	+0.0097%	8h	1,453.4	+0.172%	$659.2M	$2.55B	75x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0098%	1h	1,451.8	+0.065%	$565K	$1.3M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,450.5	−0.023%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,451.5	+0.045%	$3.0M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,454.1	+0.222%	$752.0M	$492.6M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,451.3	+0.032%	$1.6M	$3.1M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454.9	+0.277%	$896K	$37K	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,452.4	+0.105%	$103.7M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,453.4	+0.172%	$162.0M	$317.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,453.4	+0.176%	—	$108.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,451.4	+0.033%	$2.3M	$4.2M	15x	as long as short
edgeX ZECUSDClong	+0.0100%	4h	1,450.9	long leg	$487K	$9.7M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.2	+0.095%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,450.5	−0.025%	$705K	$604K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,455.2	+0.298%	$109K	$4.8M	30x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,451	+0.010%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,449.6	−0.090%	$441K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,454.2	+0.229%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,451	+0.007%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,450.7	−0.010%	$2.4M	$25.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,450.9	+0.003%	$3.7M	$5.5M	50x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,450.5	−0.025%	$36K	$362K	20x	as long as short
Lighter ZEC	+0.0120%	1h	1,454.6	+0.259%	$18.8M	$53.6M	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,451	+0.009%	$861K	$2.5M	10x	as long as short
Extended ZEC-USD	+0.0376%	1h	1,452.6	+0.122%	$3.3M	$7.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,453	+0.147%	$3.7M	$11.5M	50x	as long as short
Aftermath Perps ZECUSDshort	+0.0464%	1h	1,453.5	+0.183%	$39K	$32K	10x
Arcus ZEC-USD	+0.0518%	1h	1,452.9	+0.143%	$752K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0640%	1h	1,455.6	+0.324%	$1.9M	$8.4M	10x	as long as short