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+0.0207%/8h= +22.7% APRpaid last 24h +0.026%
Price spread now: RISEx against Orderly−0.161%7-day average +0.021% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.265%+$27 on $10k
Price spread, last 3 days (all we have)−0.008%−$1 · spread now −0.161%, 7d avg +0.021%
Together, before fees+0.257%+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.182% cheaper against Orderly than usual: you would sell low and buy high (spread −0.161% now, against its 7-day average of +0.021%). If the spread goes back, that is −$18 on $10k: about 2.9 days of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_ZEC_USDC1,474.20.0021pay 0.0021% / 8h7h 07m$294K$1.1M20x
ShortRISEx ZEC/USDC1,471.80.0228get 0.0029% / 1h7m 06s$854K$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
$43.54
Price spread: −0.161% → +0.021%
−$18.19
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee RISEx: 3 bp × 2 orders
−$6
Net
$13.35
Costs to cover
0.120%
Break-even
4.9 days
Slippage unknown: Orderly: no order-book sample; RISEx: 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 RISEx live order book, 2 min ago1.26 bp4.3 bp −$48.1 bp −$81doesn't fitdoesn'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−0.3321%1h1,471.6−0.180%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0342%1h1,473.9−0.018%$18.0M$43.0M25xas long as short
Ondo Perps ZEC-USD.P−0.0118%1h1,467.7−0.442%$398K$517K5xas long as short
BloFin ZEC-USDT−0.0116%8h1,472.9−0.086%$29.7M$72.5M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,470.9−0.226%$6K$2K10xas long as short
Variational Omni ZEC−0.0021%8h1,466.4−0.532%$47.6M$33.6Mas long as short
dYdX ZEC-USD0.0000%1h1,470.2−0.274%$414K$103K5xas long as short
01 Exchange ZECUSD0.0000%1h1,471−0.219%$8K$9K5xas long as short
Kalshi KXZECPERP0.0000%8h1,473−0.083%$960K$5.2M2.2xas long as short
Perpl ZEC0.0000%43m1,471.9−0.156%$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%1h1,473.7−0.037%$5.2M150xas long as short
Orderly PERP_ZEC_USDClong+0.0021%8h1,474.2long leg$294K$1.1M20x
Phoenix ZEC+0.0054%1h1,470−0.286%$4.6M$1.6M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,473.6−0.041%$379K100xas long as short
OKX ZEC-USDT-SWAP+0.0066%8h1,471.9−0.157%$181.8M$1.29B50xas long as short
Popdex ZECUSDT+0.0096%1h1,472.1−0.147%$173K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,471.2−0.204%$12K$847K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,470.7−0.235%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,473.1−0.078%$2.6M$6.5M10xas long as short
Hyperliquid ZEC+0.0100%1h1,473.6−0.041%$767.3M$451.0M10xas long as short
Aster ZECUSDT+0.0100%8h1,474−0.012%$14.9M$31.3M75xas long as short
Pacifica ZEC+0.0100%1h1,470.9−0.222%$1.7M$2.8M10xas long as short
Binance ZECUSDT+0.0100%8h1,472.3−0.128%$684.4M$2.35B75xas long as short
Bybit ZECUSDT+0.0100%8h1,471.8−0.165%$273.3M$628.8M75xas long as short
Arcus ZEC-USD+0.0100%1h1,472.2−0.136%$692K$8.6M10xas long as short
Bulk ZEC-USD+0.0100%1h1,467.8−0.434%$893K$21K10xas long as short
Gate ZEC_USDT+0.0100%8h1,472.8−0.093%$50.4M$182.0M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,473.1−0.079%$218.4M$831.7M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,474.2−0.003%$104.8M$55.2M75xas long as short
Bitget ZECUSDT+0.0100%8h1,472.7−0.102%$163.9M$289.8M75xas long as short
BingX ZEC-USDC+0.0100%8h1,474.1−0.009%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,468.5−0.390%$572K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,469.6−0.312%$3.0M$450K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,469.7−0.304%$427K$880K50xas long as short
StandX ZEC-USD+0.0100%1h1,470.4−0.262%$71K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,473.1−0.075%$341K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,473.3−0.062%$128K$158K20xas long as short
Derive ZEC-PERP+0.0100%1h1,472.7−0.100%$459K$510K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,474.1−0.007%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,473.9−0.024%$243K$3.9M10xas long as short
HTX ZEC-USDT+0.0100%8h1,472.5−0.113%$2.5M$19.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,473.7−0.035%$3.8M$5.3M50xas long as short
Extended ZEC-USD+0.0104%1h1,474−0.014%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,473.8−0.026%$55K$161K20xas long as short
RISEx ZEC/USDCshort+0.0228%1h1,471.8−0.161%$854K$1.0M10x
Lighter ZEC+0.0232%1h1,474.8+0.040%$19.2M$50.6M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0409%1h1,475.1+0.061%$607K$1.3M25xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,476.4+0.149%$3.7M$9.7M50xas long as short
Backpack ZEC_USDC_PERP+0.0515%1h1,473.6−0.043%$2.5M$3.9M15xas long as short
Lighter RH ZEC+0.0704%1h1,475.3+0.071%$2.0M$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0754%1h1,469.5−0.321%$43K$46K10xas long as short