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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%
Price spread now: Pacifica against GRVT+0.009%52s7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$260.258% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.405%−$40 on $10k
Price spread, last 7 days−0.025%−$3 · spread now +0.009%, 7d avg −0.013%
Together, before fees−0.430%+ Points / potential airdropGRVT: Active · Pacifica: Active · farm board−$43 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: Pacifica is 0.022% dearer against GRVT than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.013%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT ZEC_USDT_Perp1,473.40.0100pay 0.0100% / 8h9m 59s$3.0M$454K10x
ShortPacifica ZEC1,473.60.0100get 0.0013% / 1h9m 59s$1.7M$2.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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

Funding earned
$0
Price spread: +0.009% → −0.013%
$2.22
Slippage, 4 orders
−$8.81
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$23.59
Costs to cover
0.258%
Break-even
never at this rate
Slippage from GRVT: live order book, 4 min ago; Pacifica: live order book, 4 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 GRVT live order book, 4 min ago1.29 bp6.6 bp −$79.3 bp −$938582.3 bp −$858.2K82851.1 bp −$41.43M
Sell Pacifica live order book, 4 min ago1.66 bp6.5 bp −$7doesn't fitdoesn'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−0.3089%1h1,473.8+0.026%$34K$275K12xas long as short
Ondo Perps ZEC-USD.P−0.0254%1h1,472−0.098%$400K$521K5xas long as short
Kraken Futures PF_ZECUSD−0.0225%1h1,472.9−0.034%$17.9M$44.2M25xas long as short
Bybit ZECUSDT−0.0113%8h1,471.7−0.115%$274.8M$651.8M75xas long as short
BloFin ZEC-USDT−0.0107%8h1,472.3−0.077%$29.6M$74.9M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,473.3−0.007%$6K$2K10xas long as short
Variational Omni ZEC−0.0058%8h1,472.3−0.077%$47.5M$34.3Mas long as short
dYdX ZEC-USD0.0000%1h1,473.2−0.017%$415K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,473.4−0.005%$961K$5.6M2.2xas long as short
Perpl ZEC0.0000%43m1,473−0.030%$84K$406K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,473.4−0.005%$5.2M150xas long as short
01 Exchange ZECUSD+0.0008%1h1,473.2−0.016%$8K$8K5xas long as short
Orderly PERP_ZEC_USDC+0.0014%8h1,472.7−0.050%$295K$1.4M20xas long as short
Phoenix ZEC+0.0024%1h1,473.5+0.007%$4.7M$1.6M10xas long as short
OKX ZEC-USDT-SWAP+0.0040%8h1,472.2−0.082%$181.5M$1.34B50xas long as short
Gate ZEC_USDT+0.0049%8h1,472.6−0.054%$51.2M$187.7M75xas long as short
ApeX Omni ZECUSDT+0.0049%1h1,472−0.100%$431K$843K50xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,472.9−0.035%$372K100xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0083%1h1,473.9+0.033%$615K$1.3M25xas long as short
Lighter ZEC+0.0096%1h1,474.2+0.055%$19.2M$52.5M20xas long as short
Popdex ZECUSDT+0.0096%1h1,473−0.033%$175K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0097%8h1,473.9+0.031%$19K$851K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,472.6−0.056%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,473.7+0.015%$2.6M$6.8M10xas long as short
Hyperliquid ZEC+0.0100%1h1,473.8+0.024%$763.5M$473.7M10xas long as short
Aster ZECUSDT+0.0100%8h1,472.6−0.059%$15.0M$32.5M75xas long as short
Pacifica ZECshort+0.0100%1h1,473.6+0.009%$1.7M$2.9M10x
Binance ZECUSDT+0.0100%8h1,472.5−0.064%$683.5M$2.45B75xas long as short
Arcus ZEC-USD+0.0100%1h1,474.1+0.042%$698K$8.4M10xas long as short
Bulk ZEC-USD+0.0100%1h1,473.5+0.004%$896K$39K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,472.7−0.050%$226.2M$845.1M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,472.9−0.038%$104.6M$56.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,472.7−0.048%$163.7M$300.9M75xas long as short
BingX ZEC-USDT+0.0100%8h1,473−0.031%$101.8Mas long as short
edgeX ZECUSDC+0.0100%4h1,471.5−0.131%$513K$9.1M20xas long as short
GRVT ZEC_USDT_Perplong+0.0100%8h1,473.4long leg$3.0M$454K10x
StandX ZEC-USD+0.0100%1h1,473.8+0.022%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,472.6−0.057%$335K$1.9M10xas long as short
Bullet ZEC-USD+0.0100%1h1,472.4−0.074%$128K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,471.2−0.151%$459K$498K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,475.1+0.114%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,472.8−0.045%$238K$4.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,471.6−0.122%$2.5M$22.7M75xas long as short
Phemex ZECUSDT+0.0100%8h1,472.4−0.073%$3.9M$5.3M50xas long as short
Extended ZEC-USD+0.0104%1h1,473.1−0.026%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,473.1−0.025%$37K$366K20xas long as short
RISEx ZEC/USDC+0.0132%1h1,473.7+0.020%$829K$1.3M10xas long as short
Backpack ZEC_USDC_PERP+0.0406%1h1,473.4−0.005%$2.5M$3.8M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0432%1h1,475.3+0.124%$3.8M$10.6M50xas long as short
Lighter RH ZEC+0.0440%1h1,475+0.105%$2.0M$8.4M10xas long as short
Aftermath Perps ZECUSD+0.0763%1h1,473.9+0.033%$46K$47K10xas long as short