Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.009%

Price spread now: 01 Exchange against OKX+0.028%55s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.028% dearer against OKX than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days. The two prices were read 55 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	OKX ZEC-USDT-SWAP	1,472.9	0.0097	pay 0.0097% / 8h	6h 24m	$181.4M	$1.27B	50x
Short	01 Exchange ZECUSD	1,473.3	0.0064	get 0.0008% / 1h	24m 46s	$8K	$9K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.028%Rate

Funding earned: −$6.93
Price spread: +0.028% → 0.000%: $2.78
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$21.15
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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	8.0 bp −$80	15.5 bp −$1,553	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEC on 50 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	−0.3678%	1h	1,459.3	−0.923%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.3	+0.028%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0020%	1h	1,474.1	+0.083%	$400K	$518K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,474.9	+0.136%	$18.1M	$43.7M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.2	+0.024%	$415K	$54K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,475.3	+0.165%	$976K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473	+0.005%	$84K	$254K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,473.8	+0.064%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0028%	8h	1,473.8	+0.062%	$294K	$1.0M	20x	as long as short
Variational Omni ZEC	+0.0048%	8h	1,474.4	+0.105%	$48.1M	$32.8M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,473.6	+0.051%	$385K	—	100x	as long as short
01 Exchange ZECUSDshort	+0.0064%	1h	1,473.3	+0.028%	$8K	$9K	5x
Phoenix ZEC	+0.0070%	1h	1,476.1	+0.219%	$4.7M	$1.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,473.2	+0.024%	$173K	$1.8M	50x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0097%	8h	1,472.9	long leg	$181.4M	$1.27B	50x
Katana Perps ZEC-USD	+0.0100%	8h	1,473	+0.008%	$14K	$842K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.4	+0.035%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.9	+0.070%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,474.3	+0.095%	$767.4M	$442.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,473.1	+0.015%	$14.9M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,473.4	+0.036%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,473.4	+0.037%	$681.0M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,472.8	−0.007%	$271.5M	$617.5M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,476.6	+0.251%	$896K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,473.5	+0.039%	$50.3M	$175.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,473.3	+0.029%	$216.2M	$800.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,474.3	+0.093%	$103.7M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,473.6	+0.049%	$163.8M	$283.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,473.1	+0.012%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475.3	+0.166%	$575K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,475	+0.147%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474	+0.078%	$429K	$907K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,476.6	+0.250%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.9	+0.001%	$346K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,473.8	+0.063%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.3	−0.042%	$458K	$511K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.2	+0.224%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,474.2	+0.090%	$243K	$3.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,472.7	−0.014%	$2.5M	$18.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.2	+0.091%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,473.5	+0.040%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,473.6	+0.052%	$48K	$162K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0151%	1h	1,474.3	+0.094%	$613K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,474.6	+0.117%	$689K	$8.7M	10x	as long as short
Lighter ZEC	+0.0272%	1h	1,474.7	+0.123%	$19.3M	$48.2M	20x	as long as short
Lighter RH ZEC	+0.0280%	1h	1,475.1	+0.152%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,473.7	+0.057%	$865K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,475.5	+0.178%	$3.6M	$9.4M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0493%	1h	1,475.2	+0.160%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0735%	1h	1,474.9	+0.134%	$44K	$46K	10x	as long as short