Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h +0.010%

Price spread now: edgeX against OKX−0.110%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs+$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.335%+$33 on $10k

Price spread, last 7 days+0.103%+$10 · spread now −0.110%, 7d avg −0.054%

Together, before fees+0.438%+ Points / potential airdropedgeX: Active · farm board+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.056% cheaper against OKX than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of −0.054%). If the spread goes back, that is −$6 on $10k: about 3.6 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.335% in total) that is about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZEC-USDT-SWAP	1,463	0.0049	pay 0.0049% / 8h	1h 34m	$175.8M	$1.35B	50x
Short	edgeX ZECUSDC	1,461.4	0.0100	get 0.0050% / 4h	1h 34m	$509K	$9.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now −0.110%Rate

Funding earned: $10.79
Price spread: −0.110% → −0.054%: −$5.62
Slippage, 4 orders: −$2.04
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$15.87
Costs to cover: 0.210%
Break-even: 17.3 days

Slippage from OKX: live order book, 4 min ago; edgeX: live order book, 4 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 OKX live order book, 4 min ago	0.03 bp	5.0 bp −$5	8.1 bp −$81	18.2 bp −$1,820	doesn't fit
Sell edgeX live order book, 4 min ago	0.38 bp	4.9 bp −$5	9.5 bp −$95	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	−0.3310%	1h	1,448.2	−1.008%	$33K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0405%	1h	1,463.9	+0.063%	$17.8M	$44.8M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0212%	1h	1,459.3	−0.252%	$396K	$518K	5x	as long as short
BloFin ZEC-USDT	−0.0089%	8h	1,463.7	+0.051%	$29.3M	$75.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,462.2	−0.056%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0050%	8h	1,462.3	−0.045%	$270.8M	$673.2M	75x	as long as short
Variational Omni ZEC	−0.0025%	8h	1,460.9	−0.140%	$46.5M	$34.0M	—	as long as short
ApeX Omni ZECUSDT	−0.0024%	1h	1,463.5	+0.033%	$430K	$820K	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L −0.0017% / S +0.0093%	1h	1,464.5	+0.103%	$541K	—	100x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,461.6	−0.094%	$412K	$106K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXZECPERP	0.0000%	8h	1,462.8	−0.012%	$885K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,463.6	+0.044%	$83K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,464.7	+0.118%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0013%	8h	1,464	+0.068%	$292K	$1.5M	20x	as long as short
Bulk ZEC-USD	+0.0030%	1h	1,466	+0.207%	$905K	$27K	10x	as long as short
Gate ZEC_USDT	+0.0048%	8h	1,463	+0.001%	$50.0M	$184.8M	75x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0049%	8h	1,463	long leg	$175.8M	$1.35B	50x
01 Exchange ZECUSD	+0.0056%	1h	1,463.4	+0.025%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,461.4	−0.111%	$4.6M	$1.6M	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,465.4	+0.165%	$19.0M	$52.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,462.9	−0.006%	$173K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,463	−0.001%	$14K	$862K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,462.4	−0.037%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.8	−0.013%	$2.5M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,463.8	+0.055%	$758.7M	$484.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,463	0.000%	$15.6M	$33.3M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,463.2	+0.018%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,463	−0.003%	$674.2M	$2.50B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,463.1	+0.008%	$223.2M	$860.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,463.2	+0.016%	$103.7M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,463	0.000%	$161.8M	$306.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,462.1	−0.059%	—	$6.7M	—	as long as short
edgeX ZECUSDCshort	+0.0100%	4h	1,461.4	−0.110%	$509K	$9.5M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,462.2	−0.054%	$3.0M	$481K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462.8	−0.013%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,463.1	+0.008%	$343K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,464	+0.070%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.3	−0.046%	$447K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,466	+0.204%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,463.8	+0.055%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,463.4	+0.029%	$2.5M	$24.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,464.1	+0.076%	$3.8M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,463.4	+0.029%	$3.2M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,463.9	+0.063%	$36K	$367K	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0187%	1h	1,464.3	+0.090%	$2.3M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,463.3	+0.023%	$841K	$1.7M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0246%	1h	1,464.8	+0.123%	$596K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0384%	1h	1,465.9	+0.200%	$2.0M	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,465.6	+0.180%	$3.7M	$11.6M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,464	+0.068%	$742K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0542%	1h	1,464.9	+0.133%	$40K	$34K	10x	as long as short