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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%
Price spread now: SunX against Hotstuff+0.146%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and SunX is 0.146% dearer against Hotstuff than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ZEC-PERP1,478.6−0.0080get 0.0010% / 1h29m 35s$6K$1K10x
ShortSunX ZEC-USDT1,480.70.0100get 0.0100% / 8h6h 29m$3K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Hotstuff. 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
$37.8
Price spread: +0.146% → 0.000%
$14.61
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
$39.41
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: Hotstuff: no order-book sample; SunX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell SunX live order book, 4 min ago29.02 bp67.1 bp −$67doesn't fitdoesn't fitdoesn't fit
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEC on 50 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−0.3678%1h1,473.5−0.346%$34K$274K12xas long as short
Hotstuff ZEC-PERPlong−0.0080%1h1,478.6long leg$6K$1K10x
Ondo Perps ZEC-USD.P−0.0012%1h1,471.7−0.465%$400K$517K5xas long as short
Kraken Futures PF_ZECUSD−0.0002%1h1,477.5−0.071%$18.1M$43.6M25xas long as short
dYdX ZEC-USD0.0000%1h1,477.8−0.054%$416K$55K5xas long as short
Kalshi KXZECPERP0.0000%8h1,478.4−0.010%$977K$5.0M2.2xas long as short
Perpl ZEC0.0000%43m1,477.6−0.064%$84K$258K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,477.7−0.062%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0027%8h1,477.2−0.091%$295K$1.1M20xas long as short
Variational Omni ZEC+0.0040%8h1,476.4−0.149%$48.0M$33.0Mas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0009%1h1,477.4−0.079%$386K100xas long as short
01 Exchange ZECUSD+0.0064%1h1,476.6−0.137%$8K$9K5xas long as short
Phoenix ZEC+0.0070%1h1,474.3−0.289%$4.7M$1.5M10xas long as short
OKX ZEC-USDT-SWAP+0.0095%8h1,476−0.177%$181.4M$1.28B50xas long as short
Popdex ZECUSDT+0.0096%1h1,476.3−0.155%$173K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,476.2−0.159%$16K$840K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,477.2−0.094%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,477.9−0.049%$2.6M$6.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,478.5−0.005%$769.4M$444.8M10xas long as short
Aster ZECUSDT+0.0100%8h1,477.7−0.059%$14.9M$30.9M75xas long as short
Pacifica ZEC+0.0100%1h1,477.3−0.090%$1.7M$2.7M10xas long as short
Binance ZECUSDT+0.0100%8h1,476.4−0.150%$682.0M$2.33B75xas long as short
Bybit ZECUSDT+0.0100%8h1,476−0.174%$272.3M$622.3M75xas long as short
Bulk ZEC-USD+0.0100%1h1,470.5−0.547%$893K$19K10xas long as short
Gate ZEC_USDT+0.0100%8h1,476.9−0.114%$50.2M$175.5M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,477−0.106%$217.1M$798.8M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,477.8−0.055%$103.9M$56.2M75xas long as short
Bitget ZECUSDT+0.0100%8h1,476.8−0.120%$164.1M$284.3M75xas long as short
BingX ZEC-USDT+0.0100%8h1,477−0.108%$101.2Mas long as short
edgeX ZECUSDC+0.0100%4h1,476.8−0.123%$575K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,473−0.377%$3.0M$443K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,476.9−0.117%$429K$907K50xas long as short
StandX ZEC-USD+0.0100%1h1,476.4−0.148%$71K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,477.6−0.066%$340K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,477.8−0.052%$128K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,475.9−0.181%$459K$510K6.7xas long as short
SunX ZEC-USDTshort+0.0100%8h1,480.7+0.146%$3K$1.2M20x
SoDEX ZEC-USD+0.0100%1h1,477.4−0.080%$244K$3.8M10xas long as short
HTX ZEC-USDT+0.0100%8h1,477.5−0.072%$2.6M$19.0M75xas long as short
Phemex ZECUSDT+0.0100%8h1,477.9−0.049%$3.9M$5.4M50xas long as short
Extended ZEC-USD+0.0104%1h1,476.6−0.135%$3.2M$7.1M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,477.3−0.090%$48K$167K20xas long as short
Arcus ZEC-USD+0.0254%1h1,478−0.041%$679K$8.7M10xas long as short
Lighter ZEC+0.0264%1h1,478.6−0.001%$19.3M$48.1M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0279%1h1,478.1−0.035%$615K$1.3M25xas long as short
Lighter RH ZEC+0.0304%1h1,478.8+0.011%$2.1M$7.1M10xas long as short
RISEx ZEC/USDC+0.0374%1h1,477.2−0.092%$869K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0472%1h1,480+0.096%$3.7M$9.6M50xas long as short
Backpack ZEC_USDC_PERP+0.0517%1h1,478.3−0.019%$2.5M$3.9M15xas long as short
Aftermath Perps ZECUSD+0.0724%1h1,474.4−0.285%$44K$46K10xas long as short