Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.025%

Price spread now: Pacifica against Orderly+0.144%7-day average −0.004% · you sell dearer than you buy

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

Long on Orderly Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 3 days (all we have)−1.524%−$152 · spread now +0.144%, 7d avg −0.004%

Together, before fees−1.587%+ Points / potential airdropPacifica: Active · farm board−$159 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.148% dearer against Orderly than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.064%, 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	Orderly PERP_ZEC_USDC	1,449.6	0.0005	pay 0.0005% / 8h	2h 57m	$291K	$1.5M	20x
Short	Pacifica ZEC	1,451.7	0.0100	get 0.0013% / 1h	57m 27s	$1.6M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Orderly. 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 OrderlybpFee PacificabpOrdersPrice spread, now +0.144%Rate

Funding earned: $19.95
Price spread: +0.144% → −0.004%: $14.77
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $20.72
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Pacifica: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 2 min ago	0.86 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3476%	1h	1,454.5	+0.337%	$34K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,450.7	+0.078%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,450.9	+0.092%	$17.6M	$44.7M	25x	as long as short
BloFin ZEC-USDT	−0.0058%	8h	1,452.6	+0.208%	$29.2M	$76.3M	75x	as long as short
Variational Omni ZEC	−0.0041%	8h	1,455.2	+0.389%	$46.3M	$31.5M	—	as long as short
Bybit ZECUSDT	−0.0020%	8h	1,449.1	−0.036%	$268.2M	$679.8M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451.6	+0.139%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,451.8	+0.151%	$848K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,451.6	+0.139%	$82K	$400K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,450.1	+0.033%	$567K	$1.3M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDClong	+0.0005%	8h	1,449.6	long leg	$291K	$1.5M	20x
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,449.6	+0.002%	$5.1M	—	150x	as long as short
OKX ZEC-USDT-SWAP	+0.0033%	8h	1,449.3	−0.020%	$172.6M	$1.37B	50x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,452.3	+0.186%	$8K	$8K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0042% / S +0.0061%	1h	1,449.5	−0.008%	$535K	—	100x	as long as short
Phoenix ZEC	+0.0045%	1h	1,455.2	+0.383%	$4.6M	$1.5M	10x	as long as short
Aster ZECUSDT	+0.0046%	8h	1,451.2	+0.110%	$15.0M	$35.3M	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0049%	1h	1,449.9	+0.020%	$395K	$522K	5x	as long as short
Gate ZEC_USDT	+0.0054%	8h	1,449.3	−0.021%	$48.8M	$184.0M	75x	as long as short
MEXC ZEC_USDT	+0.0092%	8h	1,449.6	0.000%	$212.4M	$876.5M	150x	as long as short
Binance ZECUSDT	+0.0093%	8h	1,449.4	−0.015%	$659.6M	$2.55B	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,451.4	+0.122%	$17K	$886K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,451.2	+0.111%	$177K	$2.0M	50x	as long as short
Polymarket Perps ZEC-USD	+0.0097%	1h	1,450.9	+0.089%	$298K	$2.1M	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,451.3	+0.118%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,451.5	+0.132%	$3.0M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,451.7	+0.144%	$751.9M	$508.4M	10x	as long as short
Pacifica ZECshort	+0.0100%	1h	1,451.7	+0.144%	$1.6M	$3.1M	10x
Bulk ZEC-USD	+0.0100%	1h	1,454.9	+0.364%	$896K	$37K	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,449.8	+0.011%	$102.8M	$57.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,449.6	−0.001%	$162.7M	$317.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,449.6	+0.002%	—	$108.5M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,452.3	+0.188%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,453.3	+0.252%	$487K	$9.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.4	+0.189%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,452.6	+0.206%	$711K	$604K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,451.5	+0.128%	$109K	$4.8M	30x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,448.8	−0.053%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,448.3	−0.091%	$440K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,452.6	+0.206%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,451.3	+0.115%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,450.5	+0.063%	$2.4M	$25.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,451.8	+0.149%	$3.7M	$5.5M	50x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,449.7	+0.008%	$36K	$362K	20x	as long as short
Lighter ZEC	+0.0128%	1h	1,452.5	+0.201%	$18.8M	$53.5M	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,452.4	+0.189%	$862K	$2.5M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,453.2	+0.247%	$3.7M	$11.5M	50x	as long as short
Aftermath Perps ZECUSD	+0.0463%	1h	1,454.2	+0.316%	$39K	$32K	10x	as long as short
Extended ZEC-USD	+0.0480%	1h	1,451.4	+0.121%	$3.3M	$7.0M	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,453.9	+0.294%	$756K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0608%	1h	1,453.8	+0.291%	$2.0M	$8.3M	10x	as long as short