Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against GRVT−0.033%61s7-day average +0.035% · you buy dearer than you sell

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−$240.238% of the position

Long on GRVT Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days+0.072%+$7 · spread now −0.033%, 7d avg +0.035%

Together, before fees+0.068%+ Points / potential airdropGRVT: Active · Nado: Active · farm board+$7 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: Nado is 0.068% cheaper against GRVT than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.035%. The two prices were read 61 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	1,508.2	0.0100	pay 0.0100% / 8h	7h 22m	$3.1M	$541K	10x
Short	Nado ZEC-PERP	1,507.8	0.0100	get 0.0012% / 1h	22m 27s	$3.1M	$7.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.035%: −$6.82
Slippage, 4 orders: −$7.76
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$30.58
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Nado: live order book, 2 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, 1 min ago	1.62 bp	6.5 bp −$7	8.6 bp −$86	13793.9 bp −$1.38M	108880.2 bp −$54.44M
Sell Nado live order book, 2 min ago	0.03 bp	4.8 bp −$5	9.9 bp −$99	47.6 bp −$4,764	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	−0.3702%	1h	1,488.8	−1.287%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,510	+0.113%	$62K	$304K	10x	as long as short
Aftermath Perps ZECUSD	−0.0225%	1h	1,506.9	−0.091%	$48K	$58K	10x	as long as short
BloFin ZEC-USDT	−0.0167%	8h	1,510	+0.116%	$31.8M	$76.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,510.4	+0.141%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,509.6	+0.092%	$418K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,510.6	+0.157%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,510.4	+0.145%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,510.5	+0.149%	$18.4M	$47.5M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,508.1	−0.011%	$8K	$6K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0082%	1h	1,509.5	+0.080%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,510	+0.116%	$305K	$860K	20x	as long as short
Gate ZEC_USDT	+0.0090%	8h	1,508.6	+0.021%	$61.0M	$186.9M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,510.4	+0.143%	$19.5M	$45.3M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,510.6	+0.153%	$2.1M	$7.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,508	−0.014%	$172K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,508.1	−0.008%	$16K	$895K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,508.5	+0.015%	$62K	$16K	10x	as long as short
Nado ZEC-PERPshort	+0.0100%	1h	1,507.8	−0.033%	$3.1M	$7.6M	10x
Hyperliquid ZEC	+0.0100%	1h	1,507.4	−0.056%	$788.2M	$441.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,508	−0.015%	$14.2M	$30.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,509.1	+0.057%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,507.9	−0.020%	$712.5M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,506.6	−0.112%	$271.7M	$616.6M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,506.8	−0.095%	$184.7M	$1.37B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,508.6	+0.023%	$409K	$547K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,509.6	+0.093%	$596K	$8.9M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,503.8	−0.297%	$774K	$147K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,508.8	+0.035%	$407.9M	$839.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,509.2	+0.065%	$103.4M	$56.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,507.2	−0.072%	$163.4M	$295.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,508.3	+0.006%	—	$120.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,506.5	−0.119%	$49.9M	$35.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,508.4	+0.013%	$557K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perplong	+0.0100%	8h	1,508.2	long leg	$3.1M	$541K	10x
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.9	−0.219%	$413K	$952K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,509.5	+0.082%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,507.4	−0.056%	$374K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,508.8	+0.039%	$169K	$192K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,502	−0.413%	$449K	$419K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,512.3	+0.267%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,510.4	+0.142%	$255K	$3.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,509.7	+0.099%	$2.7M	$21.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,510.5	+0.152%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,508.6	+0.023%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,510.3	+0.139%	$45K	$153K	20x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,508.5	+0.017%	$953K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0162% / S −0.0167%	1h	1,510.1	+0.123%	$335K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0184%	1h	1,511.4	+0.207%	$692K	$1.3M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0209%	1h	1,510.9	+0.173%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,510.1	+0.125%	$3.8M	$10.0M	50x	as long as short