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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +0.005%
Price spread now: SoDEX against OKX+0.056%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$200.195% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.014%+$1 on $10k
Price spread, last 3 days (all we have)+0.138%+$14 · spread now +0.056%, 7d avg +0.014%
Together, before fees+0.151%+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SoDEX is 0.042% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZEC-USDT-SWAP1,470.30.0066pay 0.0066% / 8h7h 06m$181.5M$1.29B50x
ShortSoDEX ZEC-USD1,471.10.0100get 0.0013% / 1h6m 02s$242K$3.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$7.12
Price spread: +0.056% → +0.014%
$4.23
Slippage, 4 orders
−$1.53
Fee OKX: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$8.17
Costs to cover
0.195%
Break-even
15.0 days
Slippage from OKX: live order book, 3 min ago; SoDEX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago0.03 bp5.4 bp −$58.3 bp −$8317.3 bp −$1,732doesn't fit
Sell SoDEX live order book, 3 min ago0.03 bp4.1 bp −$415.6 bp −$156doesn'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 PERP−0.3321%1h1,471.6+0.085%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0343%1h1,471.1+0.055%$17.9M$43.1M25xas long as short
Ondo Perps ZEC-USD.P−0.0123%1h1,467.7−0.178%$400K$517K5xas long as short
BloFin ZEC-USDT−0.0116%8h1,472.9+0.179%$29.7M$72.5M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,472.4+0.139%$6K$2K10xas long as short
Variational Omni ZEC−0.0015%8h1,469.6−0.048%$47.7M$33.3Mas long as short
dYdX ZEC-USD0.0000%1h1,471+0.044%$414K$103K5xas long as short
01 Exchange ZECUSD0.0000%1h1,470−0.023%$8K$9K5xas long as short
Kalshi KXZECPERP0.0000%8h1,472.8+0.172%$961K$5.2M2.2xas long as short
Perpl ZEC0.0000%43m1,470.4+0.007%$84K$405K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,470.30.000%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0021%8h1,470.2−0.011%$294K$1.1M20xas long as short
Phoenix ZEC+0.0054%1h1,470−0.022%$4.6M$1.6M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,470.2−0.005%$378K100xas long as short
OKX ZEC-USDT-SWAPlong+0.0066%8h1,470.3long leg$181.5M$1.29B50x
Popdex ZECUSDT+0.0096%1h1,470.3−0.001%$173K$1.8M50xas long as short
Gate ZEC_USDT+0.0097%8h1,470.6+0.019%$50.4M$182.2M75xas long as short
Katana Perps ZEC-USD+0.0100%8h1,469.9−0.031%$12K$847K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,471.1+0.054%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,471.7+0.092%$2.6M$6.5M10xas long as short
Hyperliquid ZEC+0.0100%1h1,471.5+0.081%$766.3M$451.1M10xas long as short
Aster ZECUSDT+0.0100%8h1,470.9+0.038%$14.9M$31.3M75xas long as short
Pacifica ZEC+0.0100%1h1,471.6+0.088%$1.7M$2.8M10xas long as short
Binance ZECUSDT+0.0100%8h1,470.5+0.010%$683.5M$2.35B75xas long as short
Bybit ZECUSDT+0.0100%8h1,470.2−0.005%$273.0M$628.6M75xas long as short
Arcus ZEC-USD+0.0100%1h1,472.5+0.151%$686K$8.6M10xas long as short
Bulk ZEC-USD+0.0100%1h1,467.8−0.170%$893K$21K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,470.8+0.031%$217.7M$832.0M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,470.3+0.001%$104.1M$55.2M75xas long as short
Bitget ZECUSDT+0.0100%8h1,470.4+0.006%$163.6M$289.8M75xas long as short
BingX ZEC-USDC+0.0100%8h1,471.7+0.093%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,468.5−0.126%$572K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,469.6−0.048%$3.0M$450K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,469.7−0.039%$427K$880K50xas long as short
StandX ZEC-USD+0.0100%1h1,473.2+0.196%$71K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,470−0.021%$340K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,469.9−0.028%$128K$158K20xas long as short
Derive ZEC-PERP+0.0100%1h1,468.6−0.115%$458K$510K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,472.2+0.126%$3K$1.2M20xas long as short
SoDEX ZEC-USDshort+0.0100%1h1,471.1+0.056%$242K$3.9M10x
HTX ZEC-USDT+0.0100%8h1,469.1−0.084%$2.5M$19.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,471.4+0.071%$3.8M$5.2M50xas long as short
Extended ZEC-USD+0.0104%1h1,471.3+0.066%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,470.5+0.014%$53K$162K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0223%1h1,471.1+0.051%$605K$1.3M25xas long as short
Lighter ZEC+0.0224%1h1,472.3+0.137%$19.2M$50.6M20xas long as short
RISEx ZEC/USDC+0.0228%1h1,471.2+0.060%$854K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,472+0.115%$3.7M$9.7M50xas long as short
Backpack ZEC_USDC_PERP+0.0515%1h1,471.2+0.059%$2.5M$3.9M15xas long as short
Lighter RH ZEC+0.0696%1h1,472.8+0.172%$2.0M$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0752%1h1,469.9−0.030%$43K$46K10xas long as short