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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.064%
Price spread now: Hyperliquid against edgeX−0.042%7-day average +0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$200.204% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.056%+$6 on $10k
Price spread, last 7 days+0.089%+$9 · spread now −0.042%, 7d avg +0.087%
Together, before fees+0.145%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board+$15 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: Hyperliquid is 0.129% cheaper against edgeX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.087%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ZECUSDC1,456.90.0100pay 0.0050% / 4h2h 17m$489K$9.6M20x
ShortHyperliquid ZEC1,456.30.0100get 0.0013% / 1h17m 20s$752.5M$494.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: −0.042% → +0.087%
−$12.86
Slippage, 4 orders
−$2.39
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$33.25
Costs to cover
0.204%
Break-even
never at this rate
Slippage from edgeX: live order book, 2 min ago; Hyperliquid: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 2 min ago0.38 bp4.9 bp −$59.2 bp −$92doesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago0.34 bp5.8 bp −$67.5 bp −$75doesn't fitdoesn't fit

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−0.3476%1h1,433.1−1.631%$33K$275K12xas long as short
BloFin ZEC-USDT−0.0086%8h1,455.9−0.072%$28.7M$75.4M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,455−0.134%$6K$2K10xas long as short
Kraken Futures PF_ZECUSD−0.0071%1h1,456.9+0.002%$17.7M$44.6M25xas long as short
Bybit ZECUSDT−0.0003%8h1,456−0.061%$268.3M$677.2M75xas long as short
dYdX ZEC-USD0.0000%1h1,454.5−0.164%$410K$106K5xas long as short
Kalshi KXZECPERP0.0000%8h1,455.9−0.072%$933K$5.7M2.2xas long as short
Perpl ZEC0.0000%43m1,455−0.131%$83K$401K10xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,456.5−0.031%$593K$1.3M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,455.9−0.067%$5.2M150xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZEC+0.0008%8h1,455.6−0.091%$45.8M$33.2Mas long as short
Orderly PERP_ZEC_USDC+0.0015%8h1,455.6−0.088%$292K$1.5M20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0020% / S +0.0071%1h1,455.9−0.072%$556K100xas long as short
01 Exchange ZECUSD+0.0048%1h1,455.7−0.080%$8K$8K5xas long as short
OKX ZEC-USDT-SWAP+0.0057%8h1,456.8−0.007%$173.4M$1.36B50xas long as short
Gate ZEC_USDT+0.0073%8h1,455.4−0.102%$49.4M$190.5M75xas long as short
Ondo Perps ZEC-USD.P+0.0079%1h1,452.8−0.282%$395K$520K5xas long as short
Aster ZECUSDT+0.0094%8h1,456.1−0.057%$15.3M$34.4M75xas long as short
Katana Perps ZEC-USD+0.0095%8h1,455.6−0.088%$13K$872K10xas long as short
Lighter ZEC+0.0096%1h1,458.4+0.102%$18.8M$54.7M20xas long as short
Popdex ZECUSDT+0.0096%1h1,455.4−0.105%$173K$2.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,454.8−0.145%$60K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,455.4−0.104%$2.5M$7.1M10xas long as short
Hyperliquid ZECshort+0.0100%1h1,456.3−0.042%$752.5M$494.5M10x
Pacifica ZEC+0.0100%1h1,455.2−0.118%$1.6M$3.0M10xas long as short
Binance ZECUSDT+0.0100%8h1,456.9−0.001%$664.6M$2.53B75xas long as short
MEXC ZEC_USDT+0.0100%8h1,455.8−0.078%$217.2M$897.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,454.7−0.153%$102.9M$57.1M75xas long as short
Bitget ZECUSDT+0.0100%8h1,455.7−0.082%$161.1M$313.1M75xas long as short
BingX ZEC-USDT+0.0100%8h1,456.2−0.047%$101.3Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,455.8−0.077%$2.3M$4.1M15xas long as short
edgeX ZECUSDClong+0.0100%4h1,456.9long leg$489K$9.6M20x
GRVT ZEC_USDT_Perp+0.0100%8h1,456.7−0.013%$3.0M$510K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,457+0.006%$428K$814K50xas long as short
StandX ZEC-USD+0.0100%1h1,456.3−0.041%$109K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,455.6−0.090%$345K$2.0M10xas long as short
Bullet ZEC-USD+0.0100%1h1,455.7−0.083%$127K$161K20xas long as short
Derive ZEC-PERP+0.0100%1h1,454.5−0.168%$442K$498K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,457.7+0.051%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,456.3−0.040%$221K$4.7M10xas long as short
HTX ZEC-USDT+0.0100%8h1,456.6−0.020%$2.4M$25.0M75xas long as short
Phemex ZECUSDT+0.0100%8h1,456.7−0.016%$3.8M$5.4M50xas long as short
Bulk ZEC-USD+0.0100%1h1,455−0.131%$896K$26K10xas long as short
Phoenix ZEC+0.0103%1h1,457.5+0.040%$4.6M$1.6M10xas long as short
Extended ZEC-USD+0.0104%1h1,456.1−0.056%$3.3M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,455.8−0.075%$36K$362K20xas long as short
RISEx ZEC/USDC+0.0219%1h1,455.9−0.067%$861K$1.8M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0440%1h1,457.8+0.059%$3.7M$11.4M50xas long as short
Aftermath Perps ZECUSD+0.0456%1h1,456.7−0.014%$40K$34K10xas long as short
Arcus ZEC-USD+0.0518%1h1,457+0.003%$749K$8.0M10xas long as short
Lighter RH ZEC+0.0632%1h1,458.9+0.138%$1.9M$8.5M10xas long as short