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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against GRVT+0.149%77s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as 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−$340.339% of the position

Long on GRVT Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.371%−$37 on $10k

Price spread, last 4 days (all we have)+0.960%+$96 · spread now +0.149%, 7d avg +0.002%

Together, before fees+0.589%+ Points / potential airdropGRVT: Active · farm board+$59 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: HTX is 0.147% dearer against GRVT than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 77 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	GRVT ZEC_USDT_Perp	1,449.1	0.0100	pay 0.0100% / 8h	5h 34m	$3.0M	$419K	10x
Short	HTX ZEC-USDT	1,451.2	0.0100	get 0.0100% / 8h	5h 34m	$2.6M	$18.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against GRVT. 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 GRVTbpFee HTXbpOrdersPrice spread, now +0.149%Rate

Funding earned: $0
Price spread: +0.149% → +0.002%: $14.71
Slippage, 4 orders: −$12.87
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$19.16
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; HTX: live order book, 5 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 GRVT live order book, 5 min ago	1.38 bp	6.7 bp −$7	9.0 bp −$90	50485.8 bp −$5.05M	291969.7 bp −$145.98M
Sell HTX live order book, 5 min ago	1.55 bp	11.1 bp −$11	16.0 bp −$160	33.9 bp −$3,390	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	−0.3244%	1h	1,451.4	+0.159%	$33K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0080%	8h	1,453.2	+0.284%	$29.5M	$70.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,452.2	+0.218%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451.6	+0.174%	$409K	$44K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,452.5	+0.237%	$1.4M	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,451.7	+0.185%	$83K	$248K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,453.4	+0.301%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0041%	8h	1,453.4	+0.302%	$290K	$979K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,453.3	+0.296%	$408K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,449.2	+0.009%	$4.6M	$1.4M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ZECUSDT	+0.0087%	1h	1,450	+0.068%	$407K	$904K	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,452.3	+0.227%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,450.6	+0.105%	$14K	$854K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,452	+0.204%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,451.9	+0.200%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,454.3	+0.362%	$756.8M	$433.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,452.3	+0.226%	$14.4M	$28.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,452.3	+0.224%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,454.2	+0.356%	$665.9M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,453.4	+0.299%	$266.3M	$610.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,453.9	+0.337%	$179.2M	$1.24B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,445.9	−0.218%	$394K	$431K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,451.2	+0.150%	$879K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,453.5	+0.303%	$49.5M	$172.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,453.5	+0.305%	$213.0M	$774.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,452	+0.206%	$102.0M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,453.6	+0.314%	$161.5M	$277.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,453.6	+0.313%	—	$97.5M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,453.9	+0.334%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,448.7	−0.023%	$46.8M	$32.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,449.1	+0.001%	$564K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perplong	+0.0100%	8h	1,449.1	long leg	$3.0M	$419K	10x
StandX ZEC-USD	+0.0100%	1h	1,452	+0.202%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,452.5	+0.238%	$323K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,453.7	+0.318%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,452.1	+0.213%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,456.4	+0.504%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,453.7	+0.321%	$232K	$3.5M	10x	as long as short
HTX ZEC-USDTshort	+0.0100%	8h	1,451.2	+0.149%	$2.6M	$18.4M	75x
Phemex ZECUSDT	+0.0100%	8h	1,454.2	+0.352%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,453.5	+0.306%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,453.3	+0.293%	$47K	$156K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,453	+0.273%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,453.9	+0.336%	$17.9M	$44.5M	25x	as long as short
Lighter ZEC	+0.0200%	1h	1,455.2	+0.423%	$19.0M	$46.4M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,454.1	+0.350%	$716K	$8.5M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0320%	1h	1,454	+0.344%	$611K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0352%	1h	1,455.6	+0.453%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,452.6	+0.242%	$829K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,455.5	+0.444%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0713%	1h	1,454.2	+0.356%	$43K	$46K	10x	as long as short