Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%
Price spread now: Backpack against HTX+0.045%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$290.287% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−1.404%−$140 · spread now +0.045%, 7d avg +0.028%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ZEC-USDT | 1,459.4 | 0.0100 | pay 0.0100% / 8h | 5h 21m | $2.6M | $18.2M | 75x |
| Short | Backpack ZEC_USDC_PERP | 1,460.1 | 0.0100 | get 0.0013% / 1h | 21m 01s | $2.4M | $3.8M | 15x |
HTX ZEC-USDT
Backpack ZEC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.045% → +0.028%
- $1.64
- Slippage, 4 orders
- −$6.7
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$27.05
- Costs to cover
- 0.287%
- Break-even
- never at this rate
Slippage from HTX: live order book, 3 min ago; Backpack: live order book, 3 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 HTX live order book, 3 min ago | 1.99 bp | 8.0 bp −$8 | 13.3 bp −$133 | 35.8 bp −$3,579 | doesn't fit |
| Sell Backpack live order book, 3 min ago | 0.03 bp | 5.6 bp −$6 | 19.3 bp −$193 | 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 | −0.3244% | 1h | 1,459.5 | +0.005% | $34K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0082% | 8h | 1,459.4 | −0.004% | $29.1M | $70.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,460.5 | +0.071% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,458.6 | −0.059% | $411K | $43K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,459.9 | +0.031% | $1.5M | $5.1M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,460 | +0.040% | $83K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,459.7 | +0.016% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0047% | 8h | 1,459.5 | +0.006% | $292K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,459.6 | +0.014% | $410K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,461.6 | +0.150% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,460.7 | +0.086% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,460.7 | +0.090% | $16K | $860K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,460.3 | +0.058% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,460.6 | +0.081% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,460.8 | +0.095% | $764.1M | $430.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,459.5 | +0.004% | $14.5M | $28.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,459.3 | −0.005% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,459.4 | −0.002% | $668.3M | $2.23B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,458.8 | −0.040% | $265.1M | $605.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,459.3 | −0.005% | $178.6M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,459.5 | +0.005% | $396K | $432K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,456.1 | −0.227% | $882K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,459.4 | −0.005% | $49.7M | $174.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,459.6 | +0.013% | $213.6M | $777.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,459.5 | +0.008% | $102.2M | $55.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,459.5 | +0.002% | $162.2M | $273.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,459.2 | −0.014% | — | $97.1M | — | as long as short |
| Backpack ZEC_USDC_PERPshort | +0.0100% | 1h | 1,460.1 | +0.045% | $2.4M | $3.8M | 15x | |
| Variational Omni ZEC | +0.0100% | 8h | 1,459 | −0.026% | $47.7M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,458.6 | −0.057% | $568K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.7 | +0.016% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,459.5 | +0.008% | $410K | $914K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,460.3 | +0.060% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,460.2 | +0.053% | $332K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,459.8 | +0.029% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,458.3 | −0.075% | $445K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,463.4 | +0.273% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,459.6 | +0.009% | $233K | $3.5M | 10x | as long as short |
| HTX ZEC-USDTlong | +0.0100% | 8h | 1,459.4 | long leg | $2.6M | $18.2M | 75x | |
| Phemex ZECUSDT | +0.0100% | 8h | 1,459.7 | +0.016% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,459.2 | −0.016% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,459.2 | −0.017% | $47K | $153K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0144% | 1h | 1,461.3 | +0.129% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0195% | 1h | 1,459.3 | −0.007% | $18.1M | $44.5M | 25x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,460.7 | +0.090% | $19.2M | $46.7M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,461.6 | +0.149% | $706K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0368% | 1h | 1,461.1 | +0.116% | $2.0M | $6.9M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0396% | 1h | 1,460.4 | +0.068% | $614K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,461.2 | +0.120% | $835K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,460.2 | +0.055% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0701% | 1h | 1,459 | −0.026% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD