Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0035%/8h= +3.9% APRpaid last 24h +0.024%

Price spread now: StandX against Orderly+0.280%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 StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.367%+$37 on $10k

Price spread, last 4 days (all we have)−0.854%−$85 · spread now +0.280%, 7d avg −0.004%

Together, before fees−0.487%+ Points / potential airdropStandX: Active · farm board−$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and StandX is 0.285% dearer against Orderly than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZEC_USDC	1,502.3	0.0065	pay 0.0065% / 8h	2h 18m	$303K	$898K	20x
Short	StandX ZEC-USD	1,506.5	0.0100	get 0.0013% / 1h	18m 55s	$53K	$4.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.280%Rate

Funding earned: $7.4
Price spread: +0.280% → −0.004%: $28.47
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee StandX: 4 bp × 2 orders: −$8
Net: $21.87
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; StandX: live order book, 5 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 StandX live order book, 5 min ago	4.05 bp	8.2 bp −$8	11.4 bp −$114	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	−0.3243%	1h	1,478	−1.618%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0152%	8h	1,501.8	−0.029%	$30.2M	$73.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,510.3	+0.533%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,506.8	+0.302%	$419K	$36K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,510	+0.517%	$1.7M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,502.5	+0.019%	$86K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,502.6	+0.025%	$713K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,502.3	0.000%	$5.3M	—	150x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,506	+0.252%	$8K	$7K	5x	as long as short
Orderly PERP_ZEC_USDClong	+0.0065%	8h	1,502.3	long leg	$303K	$898K	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,496	−0.418%	$4.8M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,504.8	+0.167%	$140K	$1.7M	50x	as long as short
Bybit ZECUSDT	+0.0098%	8h	1,505.6	+0.221%	$272.8M	$608.7M	75x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,507.3	+0.336%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,504.2	+0.128%	$2.9M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,505.6	+0.222%	$787.1M	$430.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,505.7	+0.227%	$14.8M	$28.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,507.3	+0.339%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,505.2	+0.194%	$698.6M	$2.22B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,505.7	+0.228%	$181.2M	$1.27B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,502.6	+0.023%	$403K	$488K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	−1.530%	$894K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,504.2	+0.128%	$54.6M	$176.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,506.1	+0.258%	$228.2M	$772.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,505.4	+0.209%	$105.9M	$54.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,505.7	+0.228%	$169.1M	$273.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,504.1	+0.121%	—	$113.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,494.7	−0.505%	$48.9M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,492.9	−0.620%	$562K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,481.5	−1.384%	$3.0M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,481.5	−1.383%	$410K	$927K	50x	as long as short
StandX ZEC-USDshort	+0.0100%	1h	1,506.5	+0.280%	$53K	$4.6M	30x
Polymarket Perps ZEC-USD	+0.0100%	1h	1,504.2	+0.129%	$371K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,502.7	+0.032%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,501.3	−0.066%	$458K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,504.4	+0.140%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,502.3	+0.005%	$248K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,501.1	−0.079%	$2.6M	$19.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,502.9	+0.040%	$4.0M	$4.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,505.8	+0.236%	$13K	$847K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0102% / S −0.0073%	1h	1,502.4	+0.011%	$402K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,505.4	+0.207%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,502.3	+0.003%	$46K	$153K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,504	+0.116%	$2.2M	$7.2M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0143%	1h	1,502.2	−0.007%	$18.3M	$45.9M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,505.4	+0.208%	$947K	$1.1M	10x	as long as short
Lighter ZEC	+0.0200%	1h	1,503.7	+0.094%	$19.7M	$44.7M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0451%	1h	1,504.5	+0.148%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,504.8	+0.168%	$3.7M	$9.8M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,505.6	+0.225%	$622K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0687%	1h	1,487.9	−0.958%	$50K	$60K	10x	as long as short