Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.018%

Price spread now: OKX against Perpl−0.047%7-day average +0.027% · you buy dearer than you sell

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

Long on Perpl Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 3 days (all we have)−0.266%−$27 · spread now −0.047%, 7d avg +0.027%

Together, before fees−0.376%+ Points / potential airdropPerpl: Active · farm board−$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.074% cheaper against Perpl than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.027%). If the spread goes back, that is −$7 on $10k: about 5.9 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.110%, 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	Perpl ZEC	1,470.8	0	get 0.0000% / 43m	18m 39s	$84K	$405K	10x
Short	OKX ZEC-USDT-SWAP	1,470.1	0.0042	get 0.0042% / 8h	7h 39m	$181.9M	$1.31B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Perpl. 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 PerplbpFee OKXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $8.81
Price spread: −0.047% → +0.027%: −$7.38
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$22.37
Costs to cover: 0.238%
Break-even: 24.8 days

Slippage unknown: Perpl: no order-book sample; OKX: 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 Perpl no order-book sample	—	—	—	—	—
Sell OKX live order book, 5 min ago	0.03 bp	5.8 bp −$6	8.7 bp −$87	18.4 bp −$1,838	doesn't fit

Perpl: 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	−0.3321%	1h	1,473.9	+0.206%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0342%	1h	1,471.5	+0.043%	$17.9M	$43.1M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0146%	1h	1,469.6	−0.084%	$399K	$518K	5x	as long as short
BloFin ZEC-USDT	−0.0103%	8h	1,470	−0.058%	$29.7M	$73.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.9	+0.002%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0071%	8h	1,469.9	−0.064%	$274.7M	$639.4M	75x	as long as short
Variational Omni ZEC	−0.0058%	8h	1,471.8	+0.064%	$47.7M	$34.3M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,471.2	+0.024%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,470	−0.056%	$957K	$5.3M	2.2x	as long as short
Perpl ZEClong	0.0000%	43m	1,470.8	long leg	$84K	$405K	10x

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	1,471.9	+0.071%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,471.1	+0.018%	$294K	$1.4M	20x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0042%	8h	1,470.1	−0.047%	$181.9M	$1.31B	50x
01 Exchange ZECUSD	+0.0048%	1h	1,471.1	+0.016%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0054%	1h	1,471.1	+0.020%	$4.7M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,471.7	+0.062%	$378K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,471	+0.011%	$176K	$1.9M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,470.3	−0.035%	$60K	$39K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,471.3	+0.034%	$14K	$836K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470.9	+0.005%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,471.9	+0.073%	$763.8M	$454.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,470.4	−0.027%	$14.9M	$32.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,470.9	+0.006%	$1.7M	$2.8M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,470.5	−0.024%	$684.4M	$2.40B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,472.2	+0.093%	$698K	$8.5M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,470.9	+0.003%	$51.4M	$178.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,470.4	−0.027%	$230.8M	$823.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,471.1	+0.020%	$105.3M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,471	+0.012%	$163.7M	$294.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,471	+0.009%	—	$101.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.5	+0.048%	$573K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,472.6	+0.123%	$3.0M	$454K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,475.9	+0.344%	$432K	$859K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.4	−0.027%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471.1	+0.018%	$332K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,471.4	+0.041%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,469.6	−0.087%	$458K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,473.8	+0.200%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,471.2	+0.022%	$242K	$4.1M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471	+0.014%	$2.5M	$21.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472	+0.076%	$3.9M	$5.3M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,474.3	+0.239%	$897K	$28K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470.6	−0.017%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.6	+0.054%	$70K	$175K	20x	as long as short
Lighter ZEC	+0.0160%	1h	1,472	+0.076%	$19.2M	$50.3M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0188%	1h	1,472.4	+0.105%	$614K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,471.8	+0.069%	$841K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,473.8	+0.199%	$3.8M	$10.2M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0561%	1h	1,471.7	+0.060%	$2.6M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0768%	1h	1,473.2	+0.158%	$2.0M	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0774%	1h	1,472.9	+0.141%	$44K	$48K	10x	as long as short