Funding arb · Price arb /

ZEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Nado−0.952%62s7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.231% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.892%+$89 · spread now −0.952%, 7d avg −0.098%

Together, before fees+0.894%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$89 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.854% cheaper against Nado than usual: you would sell low and buy high, −$85 on $10k if it goes back to its 7-day average of −0.098%. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZEC-PERP	1,507.3	0.0100	pay 0.0012% / 1h	18m 07s	$2.9M	$6.4M	10x
Short	edgeX ZECUSDC	1,492.9	0.0100	get 0.0050% / 4h	2h 18m	$562K	$8.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.952%Rate

Funding earned: $0
Price spread: −0.952% → −0.098%: −$85.35
Slippage, 4 orders: −$7.09
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$108.44
Costs to cover: 0.231%
Break-even: 11141296718627708.0 days

Slippage from Nado: live order book, 1 min ago; edgeX: 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	0.90 bp	6.2 bp −$6	15.7 bp −$157	57.0 bp −$5,702	doesn't fit
Sell edgeX live order book, 1 min ago	0.53 bp	5.2 bp −$5	9.0 bp −$90	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	1,478	−1.946%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0152%	8h	1,501.8	−0.363%	$30.2M	$73.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,505.2	−0.141%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,505.5	−0.120%	$418K	$36K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,507.9	+0.041%	$1.7M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,506.3	−0.064%	$86K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,507.6	+0.019%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0065%	8h	1,507.7	+0.027%	$305K	$900K	20x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,506.4	−0.060%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0092%	1h	1,496	−0.750%	$4.8M	$1.3M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,505.7	−0.106%	$142K	$1.7M	50x	as long as short
Bybit ZECUSDT	+0.0098%	8h	1,507.1	−0.011%	$273.4M	$609.7M	75x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,506.2	−0.069%	$62K	$43K	10x	as long as short
Nado ZEC-PERPlong	+0.0100%	1h	1,507.3	long leg	$2.9M	$6.4M	10x
Hyperliquid ZEC	+0.0100%	1h	1,508.7	+0.094%	$788.6M	$431.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,507.8	+0.037%	$14.8M	$29.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,506.2	−0.074%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,507.8	+0.037%	$699.5M	$2.22B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,507.1	−0.012%	$182.0M	$1.28B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,502.6	−0.311%	$403K	$488K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	−1.858%	$894K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,508.1	+0.053%	$54.9M	$177.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,507.8	+0.033%	$228.5M	$772.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,508.4	+0.071%	$106.1M	$54.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,507.7	+0.028%	$169.4M	$274.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,506.2	−0.070%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,494.7	−0.837%	$48.9M	$32.5M	—	as long as short
edgeX ZECUSDCshort	+0.0100%	4h	1,492.9	−0.952%	$562K	$8.6M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,481.5	−1.713%	$3.0M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,481.5	−1.712%	$410K	$927K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,506.5	−0.054%	$53K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,506.9	−0.026%	$371K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,507.5	+0.015%	$166K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,506.6	−0.043%	$460K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,510.3	+0.198%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,508.3	+0.065%	$249K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,506.8	−0.031%	$2.6M	$19.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,508.5	+0.080%	$4.0M	$4.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,506.3	−0.064%	$13K	$847K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0102% / S −0.0074%	1h	1,507.5	+0.015%	$402K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,507.9	+0.043%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,508.3	+0.065%	$46K	$153K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0128%	1h	1,508.4	+0.076%	$716K	$1.4M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0143%	1h	1,508.6	+0.088%	$18.4M	$45.9M	25x	as long as short
Lighter RH ZEC	+0.0152%	1h	1,509.5	+0.145%	$2.2M	$7.2M	10x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,505.6	−0.110%	$946K	$1.1M	10x	as long as short
Lighter ZEC	+0.0216%	1h	1,509.6	+0.150%	$19.8M	$44.7M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0446%	1h	1,508.4	+0.073%	$2.3M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,510.1	+0.187%	$3.7M	$9.8M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,505.5	−0.119%	$616K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0658%	1h	1,490.9	−1.087%	$50K	$60K	10x	as long as short