Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%

Price spread now: OKX against edgeX+0.284%101s7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

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

costs, in and out, $10k−$210.212% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.327%−$33 on $10k

Price spread, last 7 days−0.253%−$25 · spread now +0.284%, 7d avg +0.055%

Together, before fees−0.580%+ Points / potential airdropedgeX: Active · farm board−$58 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: OKX is 0.230% dearer against edgeX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.055%. The two prices were read 101 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	1,510.8	0.0100	pay 0.0050% / 4h	3h 59m	$578K	$9.1M	20x
Short	OKX ZEC-USDT-SWAP	1,515.1	0.0100	get 0.0100% / 8h	7h 59m	$183.4M	$1.38B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.284%Rate

Funding earned: $0
Price spread: +0.284% → +0.055%: $22.97
Slippage, 4 orders: −$2.23
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: $1.74
Costs to cover: 0.212%
Break-even: from the start

Slippage from edgeX: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	0.36 bp	5.0 bp −$5	9.2 bp −$92	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.03 bp	5.1 bp −$5	6.9 bp −$69	18.4 bp −$1,836	doesn't fit

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	−0.3442%	1h	1,496.3	−0.964%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,513.9	+0.203%	$62K	$306K	10x	as long as short
Bulk ZEC-USD	−0.0412%	1h	1,508.1	−0.180%	$776K	$147K	10x	as long as short
BloFin ZEC-USDT	−0.0163%	8h	1,515.2	+0.287%	$31.4M	$77.0M	75x	as long as short
Aftermath Perps ZECUSD	−0.0103%	1h	1,511.8	+0.066%	$48K	$59K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,515.1	+0.280%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,513.8	+0.198%	$421K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,515.6	+0.318%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,515.2	+0.291%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0011%	1h	1,515.8	+0.330%	$18.3M	$47.8M	25x	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	+0.0033%	1h	1,516.1	+0.351%	$692K	$1.4M	25x	as long as short
Ondo Perps ZEC-USD.P	+0.0070%	1h	1,510	−0.055%	$413K	$552K	5x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,515.2	+0.292%	$8K	$6K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,515.2	+0.287%	$305K	$863K	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,514.3	+0.228%	$4.8M	$1.4M	10x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,517	+0.405%	$2.1M	$7.7M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,515.2	+0.287%	$177K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,515	+0.275%	$16K	$897K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,515.1	+0.282%	$62K	$19K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,515.3	+0.297%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,515.8	+0.329%	$793.0M	$447.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,514.7	+0.255%	$14.2M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,515	+0.277%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,515.4	+0.303%	$716.1M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,514.6	+0.249%	$273.2M	$628.7M	75x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0100%	8h	1,515.1	+0.284%	$183.4M	$1.38B	50x
Gate ZEC_USDT	+0.0100%	8h	1,515	+0.275%	$59.9M	$191.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,515.6	+0.313%	$271.3M	$833.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,514.9	+0.271%	$103.6M	$57.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,515	+0.276%	$163.6M	$294.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,515	+0.274%	—	$119.8M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,513.8	+0.195%	$50.0M	$35.6M	—	as long as short
edgeX ZECUSDClong	+0.0100%	4h	1,510.8	long leg	$578K	$9.1M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,510.9	+0.002%	$3.1M	$532K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,509.9	−0.060%	$416K	$948K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,514.1	+0.215%	$54K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,515.4	+0.302%	$376K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,515.4	+0.301%	$169K	$193K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,513.2	+0.155%	$462K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,517.7	+0.451%	$4K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,515.5	+0.308%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,515	+0.273%	$2.7M	$21.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,516.4	+0.370%	$4.1M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,515.1	+0.282%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,515.4	+0.305%	$43K	$151K	20x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,515.4	+0.302%	$962K	$1.1M	10x	as long as short
Lighter ZEC	+0.0128%	1h	1,516.8	+0.397%	$19.7M	$47.1M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0151% / S −0.0151%	1h	1,515.2	+0.289%	$336K	—	100x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,515.6	+0.316%	$596K	$8.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,516.3	+0.359%	$3.7M	$9.8M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0494%	1h	1,516.7	+0.389%	$2.4M	$3.8M	15x	as long as short