Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.018%

Price spread now: Aster against Nado+0.031%7-day average −0.057% · 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−$11as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.051%−$5 on $10k

Price spread, last 7 days−0.084%−$8 · spread now +0.031%, 7d avg −0.057%

Together, before fees−0.135%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.088% dearer against Nado than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.057%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZEC-PERP	1,449.8	0.0100	pay 0.0012% / 1h	39m 15s	$3.0M	$6.7M	10x
Short	Aster ZECUSDT	1,450.3	0.0069	get 0.0069% / 8h	2h 39m	$15.2M	$34.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$6.49
Price spread: +0.031% → −0.057%: $8.75
Slippage, 4 orders: −$5.23
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.97
Costs to cover: 0.202%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; Aster: live order book, 5 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 Nado live order book, 5 min ago	0.48 bp	4.8 bp −$5	10.5 bp −$105	42.8 bp −$4,283	doesn't fit
Sell Aster live order book, 5 min ago	0.62 bp	5.4 bp −$5	6.0 bp −$60	19.8 bp −$1,977	115.4 bp −$57.7K

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	−0.3476%	1h	1,438.1	−0.807%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,454.3	+0.311%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,451.1	+0.085%	$17.7M	$44.3M	25x	as long as short
BloFin ZEC-USDT	−0.0066%	8h	1,450.7	+0.063%	$28.9M	$74.8M	75x	as long as short
Variational Omni ZEC	−0.0017%	8h	1,451.4	+0.108%	$45.5M	$32.1M	—	as long as short
Bybit ZECUSDT	−0.0004%	8h	1,450.4	+0.042%	$268.8M	$675.9M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451	+0.079%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,451.2	+0.093%	$899K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,449.3	−0.034%	$82K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,451.7	+0.132%	$591K	$1.3M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,450.6	+0.050%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0012%	8h	1,451.4	+0.106%	$291K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0033% / S +0.0068%	1h	1,450	+0.015%	$543K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0051%	8h	1,451.2	+0.096%	$171.8M	$1.35B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0064%	1h	1,450.7	+0.060%	$394K	$518K	5x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,450.3	+0.032%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0065%	8h	1,449.7	−0.007%	$49.0M	$186.5M	75x	as long as short
Aster ZECUSDTshort	+0.0069%	8h	1,450.3	+0.031%	$15.2M	$34.7M	75x
Katana Perps ZEC-USD	+0.0095%	8h	1,449.8	−0.002%	$17K	$867K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,452.1	+0.155%	$18.7M	$54.0M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,449.8	0.000%	$177K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,450	+0.012%	$60K	$37K	10x	as long as short
Nado ZEC-PERPlong	+0.0100%	1h	1,449.8	long leg	$3.0M	$6.7M	10x
Hyperliquid ZEC	+0.0100%	1h	1,450.8	+0.067%	$750.9M	$489.0M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,450.6	+0.050%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,450.7	+0.062%	$658.8M	$2.53B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,452.5	+0.185%	$895K	$33K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,450	+0.011%	$219.1M	$886.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,449.6	−0.013%	$103.4M	$56.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,451.1	+0.089%	$161.5M	$313.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,450.7	+0.057%	—	$105.4M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,454.3	+0.308%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,451.4	+0.107%	$487K	$9.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.1	+0.158%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,451.9	+0.143%	$706K	$607K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,454.2	+0.301%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,449.9	+0.005%	$297K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,449.8	+0.001%	$126K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,449.6	−0.015%	$441K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,452.2	+0.162%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,451.3	+0.104%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,450.3	+0.031%	$2.4M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,450.1	+0.018%	$3.7M	$5.3M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.9	+0.210%	$4.6M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,451.4	+0.109%	$3.3M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,451.4	+0.110%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,450.5	+0.046%	$862K	$2.5M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,452.3	+0.171%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0449%	1h	1,452.6	+0.194%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,452.3	+0.172%	$750K	$7.9M	10x	as long as short
Lighter RH ZEC	+0.0736%	1h	1,453	+0.216%	$1.9M	$8.4M	10x	as long as short