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Funding arb · Price arb /

ZEC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.033%
Price spread now: Extended against Orderly−0.054%7-day average −0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on OrderlyShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.290%+$29 on $10k
Price spread, last 4 days (all we have)−0.396%−$40 · spread now −0.054%, 7d avg −0.020%
Together, before fees−0.107%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.034% cheaper against Orderly than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of −0.020%). If the spread goes back, that is −$3 on $10k: about 2.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.290% in total) that is about 20 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_ZEC_USDC1,463.70.0063pay 0.0063% / 8h3h 12m$293K$910K20x
ShortExtended ZEC-USD1,462.90.0104get 0.0013% / 1h12m 23s$2.8M$7.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Orderly. 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

Funding earned
$8.69
Price spread: −0.054% → −0.020%
−$3.42
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$5.74
Costs to cover
0.110%
Break-even
11.6 days
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample—————
Sell Extended live order book, 2 min ago2.36 bp6.4 bp −$615.9 bp −$15962.0 bp −$6,201doesn't fit
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3042%1h1,461.1−0.182%$34K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,463.4−0.025%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0071%8h1,461.9−0.128%$29.6M$70.7M75xas long as short
dYdX ZEC-USD0.0000%1h1,462.8−0.063%$407K$40K5xas long as short
Perpl ZEC0.0000%43m1,463.1−0.040%$84K$239K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,463.9+0.009%$5.2M—150xas long as short
Orderly PERP_ZEC_USDClong+0.0063%8h1,463.7long leg$293K$910K20x
Ondo Perps ZEC-USD.P+0.0078%1h1,460.4−0.227%$396K$435K5xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0088% / S −0.0039%1h1,463.6−0.007%$436K—100xas long as short
Popdex ZECUSDT+0.0096%1h1,462.9−0.055%$175K$1.6M50xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps ZEC-USD+0.0100%8h1,464.1+0.026%$14K$804K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,463−0.048%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,462.3−0.098%$2.9M$6.5M10xas long as short
Aster ZECUSDT+0.0100%8h1,463.9+0.010%$14.6M$27.8M75xas long as short
Pacifica ZEC+0.0100%1h1,462.8−0.060%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,463.9+0.010%$674.0M$2.17B75xas long as short
Bybit ZECUSDT+0.0100%8h1,463.7−0.003%$262.2M$589.7M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,463.8+0.008%$179.5M$1.21B50xas long as short
Bulk ZEC-USD+0.0100%1h1,460.6−0.212%$882K$17K10xas long as short
Gate ZEC_USDT+0.0100%8h1,463.7−0.001%$52.2M$172.7M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,462.6−0.074%$220.2M$772.9M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,463.3−0.032%$103.1M$53.1M75xas long as short
Bitget ZECUSDT+0.0100%8h1,463−0.047%$166.2M$268.3M75xas long as short
BingX ZEC-USDT+0.0100%8h1,463.7−0.003%—$106.6M—as long as short
Variational Omni ZEC+0.0100%8h1,458.8−0.338%$47.8M$32.5M—as long as short
edgeX ZECUSDC+0.0100%4h1,460.1−0.248%$568K$8.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,461.4−0.159%$3.0M$464K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,458.6−0.347%$403K$944K50xas long as short
StandX ZEC-USD+0.0100%1h1,462.1−0.112%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,462.7−0.070%$357K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,463.3−0.029%$161K$186K20xas long as short
Derive ZEC-PERP+0.0100%1h1,460.7−0.207%$446K$504K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,464.2+0.034%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,461.7−0.139%$234K$3.2M10xas long as short
HTX ZEC-USDT+0.0100%8h1,461.5−0.155%$2.7M$18.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,461.8−0.135%$3.8M$4.9M50xas long as short
Extended ZEC-USDshort+0.0104%1h1,462.9−0.054%$2.8M$7.7M10x
Aevo ZEC-PERP+0.0104%1h1,461.4−0.155%$47K$151K20xas long as short
Phoenix ZEC+0.0116%1h1,462.7−0.070%$4.7M$1.3M10xas long as short
Lighter RH ZEC+0.0120%1h1,464.3+0.041%$2.1M$7.0M10xas long as short
01 Exchange ZECUSD+0.0120%1h1,463.6−0.010%$8K$7K5xas long as short
Hyperliquid ZEC+0.0146%1h1,464.1+0.026%$762.9M$424.9M10xas long as short
Lighter ZEC+0.0168%1h1,463.5−0.015%$19.4M$45.4M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0183%1h1,462.7−0.073%$616K$1.3M25xas long as short
Kalshi KXZECPERP+0.0187%8h1,462.4−0.087%$1.5M$4.4M2.2xas long as short
RISEx ZEC/USDC+0.0216%1h1,463.3−0.030%$925K$1.1M10xas long as short
Backpack ZEC_USDC_PERP+0.0284%1h1,462.4−0.087%$2.4M$3.8M15xas long as short
Kraken Futures PF_ZECUSD+0.0332%1h1,461.6−0.147%$18.1M$45.1M25xas long as short
Arcus ZEC-USD+0.0344%1h1,464.3+0.040%$685K$8.1M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0464%1h1,465.2+0.098%$3.8M$9.1M50xas long as short
Aftermath Perps ZECUSD+0.0687%1h1,461.3−0.165%$45K$49K10xas long as short