Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0213%/8h= −23.3% APRpaid last 24h −0.014%

Price spread now: Bybit against Pacifica−0.105%48s7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs+$9as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.274% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.359%+$36 on $10k

Price spread, last 7 days+0.114%+$11 · spread now −0.105%, 7d avg +0.007%

Together, before fees+0.474%+ Points / potential airdropPacifica: Active · farm board+$47 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.111% cheaper against Pacifica than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.007%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.359%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ZEC	1,474	0.0100	pay 0.0013% / 1h	11m 49s	$1.7M	$2.9M	10x
Short	Bybit ZECUSDT	1,472.5	−0.0113	pay 0.0113% / 8h	11m 49s	$274.6M	$651.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Pacifica. 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 PacificabpFee BybitbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$44.68
Price spread: −0.105% → +0.007%: −$11.14
Slippage, 4 orders: −$8.35
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$83.18
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; Bybit: live order book, 2 min ago.

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 Pacifica live order book, 2 min ago	1.66 bp	6.5 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.03 bp	5.5 bp −$6	7.0 bp −$70	15.5 bp −$1,551	33.1 bp −$16.6K

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	−0.3089%	1h	1,472.9	−0.075%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0253%	1h	1,470.7	−0.227%	$399K	$520K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,473.9	−0.009%	$17.9M	$44.2M	25x	as long as short
Bybit ZECUSDTshort	−0.0113%	8h	1,472.5	−0.105%	$274.6M	$651.4M	75x
BloFin ZEC-USDT	−0.0107%	8h	1,471.7	−0.160%	$29.5M	$74.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,471.8	−0.151%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0059%	8h	1,471.5	−0.175%	$47.5M	$34.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.2	−0.058%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473.8	−0.019%	$961K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.7	−0.089%	$84K	$406K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.2	+0.009%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,473.7	−0.024%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,473.8	−0.019%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.6	−0.034%	$4.7M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0039%	1h	1,472.9	−0.075%	$432K	$843K	50x	as long as short
OKX ZEC-USDT-SWAP	+0.0041%	8h	1,472.8	−0.083%	$181.4M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0047%	8h	1,473.6	−0.030%	$51.3M	$187.6M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,474.2	+0.010%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,475.6	+0.106%	$19.2M	$52.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,473.6	−0.032%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,473.7	−0.023%	$19K	$850K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.5	−0.036%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.7	−0.022%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,475	+0.065%	$764.0M	$473.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,473.7	−0.024%	$15.0M	$32.5M	75x	as long as short
Pacifica ZEClong	+0.0100%	1h	1,474	long leg	$1.7M	$2.9M	10x
Binance ZECUSDT	+0.0100%	8h	1,473.4	−0.042%	$684.0M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,474.4	+0.024%	$697K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,473.5	−0.037%	$896K	$39K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,473.6	−0.034%	$226.4M	$844.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473.8	−0.019%	$104.7M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,473.2	−0.058%	$163.7M	$300.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,473.4	−0.046%	—	$101.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.4	−0.177%	$513K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,472.3	−0.121%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.4	−0.113%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,473.2	−0.057%	$336K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,473.5	−0.036%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.2	−0.128%	$459K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,475.8	+0.118%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,473.6	−0.032%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,472.7	−0.094%	$2.5M	$22.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474	0.000%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,474	−0.001%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,474	−0.002%	$37K	$366K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0119%	1h	1,474.7	+0.044%	$615K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,474.2	+0.012%	$826K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0405%	1h	1,474.5	+0.030%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,475.3	+0.086%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0456%	1h	1,476.2	+0.143%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0759%	1h	1,473.5	−0.035%	$46K	$47K	10x	as long as short