ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0182%/8h= +19.9% APRnext payment +$0.23 per $10,000 · paid last 24h +0.019%

Price spread now: Backpack against Nado+0.036%7-day average +0.364% · 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−$54as in the Price arb table

costs, in and out, $10k−$210.215% of the position

Long on Nado Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.055%+$6 on $10k

Price spread, last 7 days−0.836%−$84 · spread now +0.036%, 7d avg +0.364%

Together, before fees−0.781%+ Points / potential airdropNado: Active · farm board−$78 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.328% cheaper against Nado than usual: you would sell low and buy high (spread +0.036% now, against its 7-day average of +0.364%). If the spread goes back, that is −$33 on $10k: about 6.0 days of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.055% in total) that is about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZEC-PERP	1,464.4	0.0100	pay 0.0012% / 1h	42m 51s	$2.9M	$6.3M	10x
Short	Backpack ZEC_USDC_PERP	1,465	0.0282	get 0.0035% / 1h	42m 51s	$2.4M	$3.7M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.036%Rate

Funding earned: $38.25
Price spread: +0.036% → +0.364%: −$32.83
Slippage, 4 orders: −$4.45
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$16.03
Costs to cover: 0.215%
Break-even: 9.9 days

Slippage from Nado: live order book, 1 min ago; Backpack: 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 Nado live order book, 1 min ago	0.07 bp	4.5 bp −$5	10.6 bp −$106	doesn't fit	doesn't fit
Sell Backpack live order book, 1 min ago	0.03 bp	5.6 bp −$6	12.7 bp −$127	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	−0.3243%	1h	1,463.2	−0.086%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,462.9	−0.106%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0068%	8h	1,464.7	+0.017%	$29.9M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,463.7	−0.051%	$407K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,465	+0.039%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,463.6	−0.055%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,464.2	−0.015%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,464.1	−0.026%	$8K	$7K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0046%	1h	1,465.3	+0.061%	$617K	$1.3M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,464.5	+0.006%	$293K	$902K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0092%	8h	1,463.6	−0.056%	$261.1M	$588.3M	75x	as long as short
Phoenix ZEC	+0.0092%	1h	1,464.1	−0.023%	$4.7M	$1.3M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0094% / S −0.0048%	1h	1,463.9	−0.036%	$436K	—	100x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,466	+0.105%	$2.1M	$7.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,464	−0.029%	$174K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,463.6	−0.060%	$13K	$811K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,464.6	+0.009%	$60K	$43K	10x	as long as short
Nado ZEC-PERPlong	+0.0100%	1h	1,464.4	long leg	$2.9M	$6.3M	10x
Hyperliquid ZEC	+0.0100%	1h	1,465.4	+0.067%	$762.8M	$419.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,464.3	−0.010%	$14.4M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,464.6	+0.010%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,464.3	−0.011%	$675.5M	$2.17B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,464	−0.032%	$178.2M	$1.20B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,463.4	−0.070%	$397K	$429K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,464.4	−0.001%	$885K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,464	−0.030%	$52.8M	$170.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,464.1	−0.022%	$218.1M	$758.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,464.3	−0.012%	$103.3M	$52.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,464.3	−0.006%	$165.8M	$267.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,463.3	−0.077%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,462.5	−0.130%	$48.0M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,464.4	−0.002%	$571K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,463.1	−0.090%	$3.0M	$467K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,463.4	−0.072%	$405K	$924K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462.8	−0.109%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,463.8	−0.043%	$358K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.8	−0.040%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,463.5	−0.061%	$447K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,466.6	+0.147%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,464.4	0.000%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,463	−0.095%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,465	+0.038%	$3.9M	$4.7M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,464.3	−0.009%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,464.5	+0.003%	$47K	$151K	20x	as long as short
Lighter ZEC	+0.0120%	1h	1,465.9	+0.098%	$19.4M	$43.8M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0147%	1h	1,464.2	−0.016%	$18.0M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,464.3	−0.011%	$926K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERPshort	+0.0282%	1h	1,465	+0.036%	$2.4M	$3.7M	15x
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,465.2	+0.056%	$3.7M	$9.2M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,465.4	+0.065%	$670K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0677%	1h	1,464.7	+0.021%	$45K	$49K	10x	as long as short