Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0326%/8h= +35.7% APRpaid last 24h +0.002%

Price spread now: Bitget against Ondo Perps−0.001%7-day average +0.043% · you buy dearer than you sell

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

Long on Ondo Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.356%−$36 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.001%, 7d avg +0.043%

Together, before fees−0.274%+ Points / potential airdropOndo Perps: Active · farm board−$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.045% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.043%). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.356%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ZEC-USD.P	1,464.3	−0.0226	get 0.0028% / 1h	23m 20s	$397K	$514K	5x
Short	Bitget ZECUSDT	1,464.3	0.0100	get 0.0100% / 8h	1h 23m	$162.4M	$304.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee BitgetbpOrdersPrice spread, now −0.001%Rate

Funding earned: $68.38
Price spread: −0.001% → +0.043%: −$4.48
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: $46.9
Costs to cover: 0.170%
Break-even: 2.2 days

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 6 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 6 min ago	0.03 bp	7.6 bp −$8	11.8 bp −$118	doesn't fit	doesn't fit

Ondo Perps: 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 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	1,469.5	+0.358%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0405%	1h	1,464.5	+0.012%	$17.8M	$44.6M	25x	as long as short
Ondo Perps ZEC-USD.Plong	−0.0226%	1h	1,464.3	long leg	$397K	$514K	5x
BloFin ZEC-USDT	−0.0089%	8h	1,464.3	+0.001%	$29.2M	$75.4M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,465.4	+0.072%	$6K	$2K	10x	as long as short
Bulk ZEC-USD	−0.0065%	1h	1,462.1	−0.150%	$902K	$27K	10x	as long as short
Bybit ZECUSDT	−0.0060%	8h	1,463.4	−0.061%	$271.5M	$668.0M	75x	as long as short
Variational Omni ZEC	−0.0026%	8h	1,465.3	+0.070%	$46.6M	$33.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,465.6	+0.090%	$413K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.1	+0.260%	$887K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,464.4	+0.008%	$83K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,464.5	+0.012%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0013%	8h	1,464.6	+0.018%	$292K	$1.4M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0037% / S +0.0009%	1h	1,464.3	−0.003%	$355K	—	100x	as long as short
Gate ZEC_USDT	+0.0046%	8h	1,464.1	−0.015%	$49.8M	$186.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0051%	8h	1,464.5	+0.016%	$176.4M	$1.35B	50x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,465.3	+0.065%	$8K	$8K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0073%	1h	1,465.3	+0.068%	$596K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0075%	1h	1,467.6	+0.225%	$4.6M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0082%	1h	1,467.6	+0.225%	$431K	$822K	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,464.4	+0.006%	$173K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,465.4	+0.078%	$14K	$832K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,464.8	+0.037%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,465.2	+0.064%	$2.5M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,465.2	+0.061%	$759.7M	$478.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,464.5	+0.015%	$15.6M	$32.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,465.6	+0.091%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,464.3	−0.001%	$674.6M	$2.48B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,464.1	−0.016%	$220.2M	$865.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,464.5	+0.013%	$103.5M	$55.7M	75x	as long as short
Bitget ZECUSDTshort	+0.0100%	8h	1,464.3	−0.001%	$162.4M	$304.8M	75x
BingX ZEC-USDT	+0.0100%	8h	1,464.2	−0.007%	—	$102.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,467.7	+0.230%	$512K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.4	+0.212%	$3.0M	$481K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,466.2	+0.130%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,463.9	−0.027%	$343K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.9	−0.024%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.8	−0.103%	$447K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,467.3	+0.201%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,464.3	+0.001%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,463.5	−0.056%	$2.5M	$23.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,464.7	+0.025%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,464.7	+0.026%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,464.2	−0.009%	$36K	$366K	20x	as long as short
Lighter ZEC	+0.0136%	1h	1,466	+0.118%	$19.0M	$52.6M	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,465.2	+0.061%	$842K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0197%	1h	1,465.7	+0.094%	$2.3M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0400%	1h	1,466.9	+0.177%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,466.1	+0.126%	$3.7M	$11.5M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,466.5	+0.148%	$725K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0573%	1h	1,465.4	+0.072%	$41K	$34K	10x	as long as short