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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%
Price spread now: SoDEX against edgeX−0.326%75s7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$190.187% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.022%−$2 on $10k
Price spread, last 4 days (all we have)+0.890%+$89 · spread now −0.326%, 7d avg +0.054%
Together, before fees+0.868%+ Points / potential airdropedgeX: Active · farm board+$87 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: SoDEX is 0.380% cheaper against edgeX than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of +0.054%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ZECUSDC1,515.10.0100pay 0.0050% / 4h3h 55m$580K$9.1M20x
ShortSoDEX ZEC-USD1,510.20.0100get 0.0013% / 1h55m 42s$255K$3.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: −0.326% → +0.054%
−$38
Slippage, 4 orders
−$1.73
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$56.73
Costs to cover
0.187%
Break-even
never at this rate
Slippage from edgeX: live order book, 3 min ago; SoDEX: live order book, 3 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, 3 min ago0.36 bp5.0 bp −$59.6 bp −$96doesn't fitdoesn't fit
Sell SoDEX live order book, 3 min ago0.10 bp4.3 bp −$413.5 bp −$135106.8 bp −$10.7Kdoesn'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−0.3702%1h1,500.2−0.982%$37K$275K12xas long as short
Bulk ZEC-USD−0.0463%1h1,515.3+0.010%$779K$147K10xas long as short
Perpl ZEC−0.0447%43m1,510.8−0.288%$62K$305K10xas long as short
BloFin ZEC-USDT−0.0164%8h1,513.7−0.094%$31.5M$77.0M75xas long as short
Aftermath Perps ZECUSD−0.0122%1h1,512.8−0.151%$48K$59K10xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,517.5+0.159%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,512.1−0.198%$420K$34K5xas long as short
Kalshi KXZECPERP0.0000%8h1,512.3−0.183%$1.6M$5.0M2.2xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,511−0.272%$690K$1.4M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,510.1−0.330%$5.4M150xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ZECUSD+0.0008%1h1,513.5−0.104%$8K$6K5xas long as short
Kraken Futures PF_ZECUSD+0.0019%1h1,510.5−0.303%$18.2M$47.8M25xas long as short
Orderly PERP_ZEC_USDC+0.0084%8h1,510.3−0.319%$304K$859K20xas long as short
Phoenix ZEC+0.0096%1h1,514.3−0.056%$4.8M$1.4M10xas long as short
Lighter RH ZEC+0.0096%1h1,511.6−0.235%$2.1M$7.4M10xas long as short
Popdex ZECUSDT+0.0096%1h1,514.2−0.061%$172K$1.8M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,511.3−0.250%$62K$19K10xas long as short
Katana Perps ZEC-USD+0.0100%8h1,513.4−0.115%$16K$898K10xas long as short
Nado ZEC-PERP+0.0100%1h1,512−0.206%$3.1M$7.7M10xas long as short
Hyperliquid ZEC+0.0100%1h1,510.7−0.292%$790.3M$448.5M10xas long as short
Aster ZECUSDT+0.0100%8h1,511.3−0.255%$14.2M$30.9M75xas long as short
Pacifica ZEC+0.0100%1h1,511.7−0.224%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,512−0.203%$714.3M$2.34B75xas long as short
Bybit ZECUSDT+0.0100%8h1,512.5−0.175%$272.0M$629.0M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,512.9−0.146%$182.7M$1.38B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,509.5−0.371%$413K$553K5xas long as short
Arcus ZEC-USD+0.0100%1h1,513.2−0.129%$600K$8.9M10xas long as short
Gate ZEC_USDT+0.0100%8h1,512.4−0.178%$59.9M$182.4M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,512.5−0.172%$389.1M$820.9M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,511.8−0.218%$103.2M$57.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,512.6−0.166%$163.2M$294.4M75xas long as short
BingX ZEC-USDT+0.0100%8h1,512.9−0.148%$120.0Mas long as short
Variational Omni ZEC+0.0100%8h1,509.2−0.391%$49.7M$35.6Mas long as short
edgeX ZECUSDClong+0.0100%4h1,515.1long leg$580K$9.1M20x
GRVT ZEC_USDT_Perp+0.0100%8h1,515.9+0.052%$3.1M$532K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,515.1−0.003%$417K$949K50xas long as short
StandX ZEC-USD+0.0100%1h1,516+0.061%$51K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,511.2−0.259%$375K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,510.5−0.304%$169K$193K20xas long as short
Derive ZEC-PERP+0.0100%1h1,512.3−0.185%$452K$408K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,512.9−0.144%$3K$1.2M20xas long as short
SoDEX ZEC-USDshort+0.0100%1h1,510.2−0.326%$255K$3.6M10x
HTX ZEC-USDT+0.0100%8h1,509.7−0.360%$2.7M$21.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,511−0.274%$4.0M$4.9M50xas long as short
Lighter ZEC+0.0104%1h1,513.1−0.130%$19.5M$44.1M20xas long as short
Extended ZEC-USD+0.0104%1h1,512.1−0.200%$2.7M$8.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,510.4−0.312%$43K$151K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0152% / S −0.0153%1h1,510.2−0.323%$335K100xas long as short
RISEx ZEC/USDC+0.0157%1h1,513−0.137%$964K$1.1M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0368%1h1,510.1−0.332%$3.7M$9.8M50xas long as short
Backpack ZEC_USDC_PERP+0.0436%1h1,510.2−0.327%$2.4M$3.7M15xas long as short