Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h +0.016%

Price spread now: RISEx against GRVT+0.151%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on GRVT Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.196%+$20 on $10k

Price spread, last 7 days−0.178%−$18 · spread now +0.151%, 7d avg +0.021%

Together, before fees+0.017%+ Points / potential airdropGRVT: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and RISEx is 0.130% dearer against GRVT than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ZEC_USDT_Perp	1,492.1	0.0100	pay 0.0100% / 8h	23m 07s	$3.1M	$514K	10x
Short	RISEx ZEC/USDC	1,494.4	0.0128	get 0.0016% / 1h	23m 07s	$941K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.151%Rate

Funding earned: $5.78
Price spread: +0.151% → +0.021%: $13.04
Slippage, 4 orders: −$6.35
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$2.53
Costs to cover: 0.213%
Break-even: 10.1 days

Slippage from GRVT: live order book, 6 min ago; RISEx: live order book, 1 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, 6 min ago	1.37 bp	6.3 bp −$6	9.8 bp −$98	10104.8 bp −$1.01M	90455.7 bp −$45.23M
Sell RISEx live order book, 1 min ago	1.57 bp	4.6 bp −$5	10.2 bp −$102	doesn't fit	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	1,478.8	−0.892%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,492.8	+0.045%	$61K	$303K	10x	as long as short
BloFin ZEC-USDT	−0.0144%	8h	1,494.6	+0.167%	$31.1M	$75.5M	75x	as long as short
Aftermath Perps ZECUSD	−0.0103%	1h	1,494.3	+0.145%	$48K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,494.3	+0.143%	$6K	$1K	10x	as long as short
Bulk ZEC-USD	−0.0053%	1h	1,491.1	−0.066%	$858K	$48K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,493.7	+0.102%	$415K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,494.9	+0.183%	$1.5M	$4.4M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,494.4	+0.154%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,495.1	+0.198%	$17.9M	$47.0M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZEC-USD.P	+0.0039%	1h	1,493.6	+0.099%	$408K	$554K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,494.2	+0.138%	$301K	$864K	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,494.2	+0.140%	$4.8M	$1.4M	10x	as long as short
01 Exchange ZECUSD	+0.0096%	1h	1,494.5	+0.161%	$8K	$6K	5x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,494.2	+0.141%	$182K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,494.2	+0.138%	$17K	$881K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,493.8	+0.111%	$62K	$20K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,494.5	+0.162%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,495.2	+0.206%	$781.2M	$438.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,494	+0.124%	$14.0M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,493.9	+0.119%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,495	+0.194%	$700.3M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,495	+0.190%	$268.3M	$616.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,495.1	+0.200%	$183.9M	$1.33B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,494.5	+0.157%	$56.5M	$185.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,494.6	+0.163%	$238.9M	$802.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,494.3	+0.145%	$102.6M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,495	+0.193%	$161.5M	$288.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,494.5	+0.160%	—	$116.9M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,492.9	+0.051%	$48.8M	$34.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,492.8	+0.046%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perplong	+0.0100%	8h	1,492.1	long leg	$3.1M	$514K	10x
ApeX Omni ZECUSDT	+0.0100%	1h	1,491.9	−0.015%	$411K	$945K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,492.5	+0.024%	$55K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,494.2	+0.139%	$357K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,494.6	+0.166%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.3	+0.077%	$456K	$469K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,496.5	+0.290%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,494.9	+0.183%	$253K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,494.3	+0.144%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,494.9	+0.189%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,494.8	+0.182%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,494.8	+0.181%	$43K	$151K	20x	as long as short
RISEx ZEC/USDCshort	+0.0128%	1h	1,494.4	+0.151%	$941K	$1.1M	10x
Lighter RH ZEC	+0.0136%	1h	1,495.8	+0.249%	$2.1M	$7.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0144% / S −0.0141%	1h	1,494.6	+0.165%	$332K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0181%	1h	1,495.5	+0.225%	$683K	$1.4M	25x	as long as short
Lighter ZEC	+0.0208%	1h	1,496.3	+0.279%	$19.8M	$45.6M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,495.3	+0.212%	$618K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,495.8	+0.248%	$3.7M	$10.0M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0536%	1h	1,494.9	+0.185%	$2.3M	$3.8M	15x	as long as short