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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.3410%/8h= +373.4% APRnext payment +$4.26 per $10,000 · paid last 24h +0.427%
Price spread now: StandX against Injective+0.049%7-day average −0.083% · 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 7 days+2.332%+$233 on $10k
Price spread, last 3 days (all we have)−0.755%−$76 · spread now +0.049%, 7d avg −0.083%
Together, before fees+1.577%+ Points / potential airdropStandX: Active · farm board+$158 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$102 a day on $10k at the current rate, and StandX is 0.132% dearer against Injective than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.083%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.332% in total (about 121.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ZEC/USDC PERP1,462.2−0.3310get 0.0414% / 1h36m 45s$34K$275K12x
ShortStandX ZEC-USD1,462.90.0100get 0.0013% / 1h36m 45s$109K$4.8M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Injective. 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
$716.04
Price spread: +0.049% → −0.083%
$13.21
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee StandX: 4 bp × 2 orders
−$8
Net
$721.23
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: live order book, 47 min ago; StandX: live order book, 2 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 Injective live order book, 47 min ago50.93 bp489355.9 bp −$489.4K4951226.5 bp −$49.51M49282456.0 bp −$4928.25M245591744.0 bp −$122795.87M
Sell StandX live order book, 2 min ago6.15 bp11.2 bp −$1113.0 bp −$130doesn'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 PERPlong−0.3310%1h1,462.2long leg$34K$275K12x
Kraken Futures PF_ZECUSD−0.0405%1h1,462.1−0.006%$17.8M$44.8M25xas long as short
Ondo Perps ZEC-USD.P−0.0225%1h1,466+0.259%$398K$520K5xas long as short
BloFin ZEC-USDT−0.0089%8h1,461.8−0.026%$29.3M$75.2M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,460.4−0.125%$6K$2K10xas long as short
Bybit ZECUSDT−0.0050%8h1,461.3−0.062%$270.7M$673.7M75xas long as short
Variational Omni ZEC−0.0026%8h1,465.3+0.208%$46.6M$34.0Mas long as short
ApeX Omni ZECUSDT−0.0024%1h1,463.5+0.086%$430K$820K50xas long as short
GMX ZEC/USD [WBTC.b-USDC]L −0.0017% / S +0.0093%1h1,462.7+0.036%$541K100xas long as short
dYdX ZEC-USD0.0000%1h1,461.6−0.042%$412K$106K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXZECPERP0.0000%8h1,461.1−0.074%$883K$5.7M2.2xas long as short
Perpl ZEC0.0000%43m1,462−0.014%$83K$404K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,462.4+0.015%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0014%8h1,461.8−0.029%$291K$1.5M20xas long as short
Bulk ZEC-USD+0.0030%1h1,466+0.260%$905K$27K10xas long as short
Gate ZEC_USDT+0.0047%8h1,461.7−0.038%$49.9M$184.8M75xas long as short
OKX ZEC-USDT-SWAP+0.0047%8h1,461.6−0.046%$175.6M$1.35B50xas long as short
01 Exchange ZECUSD+0.0056%1h1,462.5+0.021%$8K$8K5xas long as short
Phoenix ZEC+0.0075%1h1,461.4−0.059%$4.6M$1.6M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0096%1h1,462.9+0.045%$595K$1.3M25xas long as short
Katana Perps ZEC-USD+0.0096%8h1,462.4+0.013%$14K$862K10xas long as short
Lighter ZEC+0.0096%1h1,463.5+0.088%$18.9M$52.5M20xas long as short
Popdex ZECUSDT+0.0096%1h1,461.8−0.031%$173K$1.9M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,461−0.082%$60K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,461.6−0.039%$2.5M$6.9M10xas long as short
Hyperliquid ZEC+0.0100%1h1,463.1+0.060%$758.3M$484.8M10xas long as short
Aster ZECUSDT+0.0100%8h1,462.1−0.008%$15.6M$33.3M75xas long as short
Pacifica ZEC+0.0100%1h1,461.6−0.040%$1.7M$3.0M10xas long as short
Binance ZECUSDT+0.0100%8h1,462−0.016%$673.6M$2.50B75xas long as short
MEXC ZEC_USDT+0.0100%8h1,461.8−0.028%$222.0M$859.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,461.9−0.021%$103.6M$56.2M75xas long as short
Bitget ZECUSDT+0.0100%8h1,462−0.015%$161.7M$306.9M75xas long as short
BingX ZEC-USDT+0.0100%8h1,462.4+0.014%$103.3Mas long as short
edgeX ZECUSDC+0.0100%4h1,463.4+0.078%$509K$9.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,462.3+0.008%$3.0M$481K10xas long as short
StandX ZEC-USDshort+0.0100%1h1,462.9+0.049%$109K$4.8M30x
Polymarket Perps ZEC-USD+0.0100%1h1,462−0.015%$343K$1.9M10xas long as short
Bullet ZEC-USD+0.0100%1h1,462.3+0.006%$127K$160K20xas long as short
Derive ZEC-PERP+0.0100%1h1,460.4−0.126%$446K$502K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,463.9+0.118%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,461.8−0.029%$222K$4.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,460−0.150%$2.5M$24.1M75xas long as short
Phemex ZECUSDT+0.0100%8h1,462.3+0.005%$3.8M$5.4M50xas long as short
Extended ZEC-USD+0.0104%1h1,462.1−0.009%$3.2M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,462.3+0.007%$36K$367K20xas long as short
RISEx ZEC/USDC+0.0190%1h1,462.2−0.003%$841K$1.7M10xas long as short
Backpack ZEC_USDC_PERP+0.0191%1h1,462.9+0.043%$2.3M$3.8M15xas long as short
Lighter RH ZEC+0.0368%1h1,464.2+0.135%$2.0M$8.2M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0424%1h1,462.6+0.025%$3.7M$11.6M50xas long as short
Arcus ZEC-USD+0.0444%1h1,463+0.055%$744K$8.1M10xas long as short
Aftermath Perps ZECUSD+0.0536%1h1,464.6+0.163%$40K$34K10xas long as short