Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%

Price spread now: Bulk against edgeX+0.074%56s7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.169% of the position

Long on edgeX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.053%−$5 on $10k

Price spread, last 4 days (all we have)−0.707%−$71 · spread now +0.074%, 7d avg +0.038%

Together, before fees−0.760%+ Points / potential airdropedgeX: Active · farm board−$76 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: Bulk is 0.036% dearer against edgeX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.038%. The two prices were read 56 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	1,453.8	0.0100	pay 0.0050% / 4h	2h 52m	$488K	$9.7M	20x
Short	Bulk ZEC-USD	1,454.9	0.0100	get 0.0013% / 1h	52m 38s	$896K	$37K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.038%: $3.6
Slippage, 4 orders: −$0.89
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$13.29
Costs to cover: 0.169%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Bulk: live order book, 36 min ago.

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, 1 min ago	0.38 bp	4.9 bp −$5	8.6 bp −$86	doesn't fit	doesn't fit
Sell Bulk live order book, 36 min ago	0.07 bp	3.6 bp −$4	3.9 bp −$39	8.6 bp −$858	18.5 bp −$9,234

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	−1.115%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,453.9	+0.003%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,453.2	−0.043%	$17.6M	$44.7M	25x	as long as short
BloFin ZEC-USDT	−0.0067%	8h	1,453.9	+0.004%	$29.0M	$75.8M	75x	as long as short
Variational Omni ZEC	−0.0034%	8h	1,451.4	−0.167%	$45.5M	$32.3M	—	as long as short
Bybit ZECUSDT	−0.0014%	8h	1,450.9	−0.200%	$268.7M	$677.2M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,454.8	+0.068%	$410K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,453.3	−0.033%	$850K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,453.5	−0.022%	$82K	$400K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,454.6	+0.051%	$566K	$1.3M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0007%	8h	1,453.7	−0.005%	$291K	$1.5M	20x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,454.2	+0.029%	$5.1M	—	150x	as long as short
OKX ZEC-USDT-SWAP	+0.0035%	8h	1,451.2	−0.180%	$172.1M	$1.36B	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0040% / S +0.0062%	1h	1,454	+0.010%	$536K	—	100x	as long as short
Aster ZECUSDT	+0.0053%	8h	1,454.3	+0.032%	$15.1M	$35.2M	75x	as long as short
Gate ZEC_USDT	+0.0065%	8h	1,452.8	−0.071%	$49.3M	$185.2M	75x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,452.4	−0.096%	$8K	$8K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,451.9	−0.130%	$17K	$886K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,451.9	−0.135%	$177K	$2.0M	50x	as long as short
MEXC ZEC_USDT	+0.0097%	8h	1,452.9	−0.064%	$219.0M	$879.9M	150x	as long as short
Binance ZECUSDT	+0.0099%	8h	1,452	−0.128%	$658.6M	$2.55B	75x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,452.9	−0.062%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,452.9	−0.066%	$3.0M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,455.3	+0.102%	$752.4M	$492.7M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,454.4	+0.041%	$1.6M	$3.1M	10x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,449.8	−0.276%	$393K	$522K	5x	as long as short
Bulk ZEC-USDshort	+0.0100%	1h	1,454.9	+0.074%	$896K	$37K	10x
KuCoin ZECUSDTM	+0.0100%	8h	1,454.4	+0.037%	$103.7M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,452.5	−0.088%	$161.9M	$317.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,453	−0.056%	—	$106.9M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,454.8	+0.068%	$2.3M	$4.2M	15x	as long as short
edgeX ZECUSDClong	+0.0100%	4h	1,453.8	long leg	$488K	$9.7M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.9	−0.062%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,450.5	−0.227%	$705K	$604K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,454.2	+0.027%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,453.5	−0.022%	$298K	$2.1M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,454	+0.013%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,452.5	−0.091%	$442K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,456.7	+0.195%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,453.4	−0.026%	$220K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,453	−0.056%	$2.4M	$25.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,453.5	−0.025%	$3.7M	$5.5M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.3	−0.108%	$4.6M	$1.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,453.5	−0.019%	$36K	$362K	20x	as long as short
Lighter ZEC	+0.0144%	1h	1,455.3	+0.105%	$18.8M	$53.6M	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,453	−0.057%	$862K	$2.5M	10x	as long as short
Extended ZEC-USD	+0.0352%	1h	1,452.7	−0.077%	$3.3M	$7.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,455.2	+0.097%	$3.7M	$11.6M	50x	as long as short
Aftermath Perps ZECUSD	+0.0464%	1h	1,454.1	+0.018%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,454.9	+0.076%	$750K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0672%	1h	1,456.8	+0.202%	$1.9M	$8.4M	10x	as long as short