Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:20 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.042%
Price spread now: Pacifica against Perpl−0.016%46s7-day average +0.046% · 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 7 days−0.246%−$25 on $10k
Price spread, last 3 days (all we have)−0.561%−$56 · spread now −0.016%, 7d avg +0.046%
Together, before fees−0.807%+ Points / potential airdropPerpl: Active · Pacifica: Active · farm board−$81 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.062% cheaper against Perpl than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.046%). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.246%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl ZEC1,4570get 0.0000% / 43m1m 35s$83K$401K10x
ShortPacifica ZEC1,456.80.0100get 0.0013% / 1h14m 35s$1.6M$3.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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

Funding earned
$21
Price spread: −0.016% → +0.046%
−$6.19
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$6.99
Costs to cover
0.218%
Break-even
9.3 days
Slippage unknown: Perpl: no order-book sample; Pacifica: live order book, 4 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 Perpl no order-book sample
Sell Pacifica live order book, 4 min ago0.14 bp6.2 bp −$6doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3476%1h1,433.1−1.637%$33K$275K12xas long as short
BloFin ZEC-USDT−0.0085%8h1,457.2+0.011%$28.7M$75.4M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,457.1+0.004%$6K$2K10xas long as short
Kraken Futures PF_ZECUSD−0.0071%1h1,457.4+0.029%$17.7M$44.6M25xas long as short
Bybit ZECUSDT−0.0009%8h1,455.7−0.086%$268.7M$677.7M75xas long as short
dYdX ZEC-USD0.0000%1h1,457.2+0.014%$410K$106K5xas long as short
Kalshi KXZECPERP0.0000%8h1,458.6+0.113%$934K$5.7M2.2xas long as short
Perpl ZEClong0.0000%43m1,457long leg$83K$401K10x
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,458+0.071%$593K$1.3M25xas long as short
Variational Omni ZEC+0.0002%8h1,456.6−0.027%$45.6M$33.4Mas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,457.7+0.051%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0016%8h1,457.4+0.031%$292K$1.5M20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0019% / S +0.0072%1h1,457.6+0.041%$557K100xas long as short
01 Exchange ZECUSD+0.0048%1h1,456.8−0.014%$8K$8K5xas long as short
OKX ZEC-USDT-SWAP+0.0057%8h1,456.4−0.043%$173.8M$1.36B50xas long as short
Ondo Perps ZEC-USD.P+0.0064%1h1,452.8−0.288%$395K$519K5xas long as short
Gate ZEC_USDT+0.0069%8h1,456.5−0.037%$49.3M$190.8M75xas long as short
Katana Perps ZEC-USD+0.0095%8h1,456.7−0.019%$15K$866K10xas long as short
Lighter ZEC+0.0096%1h1,457.8+0.055%$18.8M$54.7M20xas long as short
Popdex ZECUSDT+0.0096%1h1,456.4−0.039%$173K$2.0M50xas long as short
Aster ZECUSDT+0.0096%8h1,456.6−0.024%$15.3M$34.0M75xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,456.2−0.055%$60K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,457.4+0.027%$2.5M$7.1M10xas long as short
Hyperliquid ZEC+0.0100%1h1,457.6+0.042%$753.7M$495.1M10xas long as short
Pacifica ZECshort+0.0100%1h1,456.8−0.016%$1.6M$3.0M10x
Binance ZECUSDT+0.0100%8h1,456.4−0.038%$665.0M$2.53B75xas long as short
MEXC ZEC_USDT+0.0100%8h1,456.5−0.034%$217.7M$898.3M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,456.8−0.015%$103.0M$57.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,456.6−0.029%$161.3M$312.3M75xas long as short
BingX ZEC-USDC+0.0100%8h1,455.1−0.131%$6.8Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,458.3+0.087%$2.3M$4.1M15xas long as short
edgeX ZECUSDC+0.0100%4h1,455.2−0.123%$489K$9.6M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,456.7−0.017%$3.0M$510K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,456.7−0.021%$428K$814K50xas long as short
StandX ZEC-USD+0.0100%1h1,457.7+0.050%$109K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,456.9−0.006%$344K$2.0M10xas long as short
Bullet ZEC-USD+0.0100%1h1,457.3+0.019%$127K$161K20xas long as short
Derive ZEC-PERP+0.0100%1h1,456.2−0.056%$443K$498K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,459.5+0.175%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,457.4+0.027%$221K$4.7M10xas long as short
HTX ZEC-USDT+0.0100%8h1,457.2+0.011%$2.4M$24.9M75xas long as short
Phemex ZECUSDT+0.0100%8h1,457.5+0.037%$3.8M$5.4M50xas long as short
Bulk ZEC-USD+0.0100%1h1,455−0.137%$896K$26K10xas long as short
Phoenix ZEC+0.0103%1h1,457.5+0.034%$4.6M$1.6M10xas long as short
Extended ZEC-USD+0.0104%1h1,456.9−0.009%$3.3M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,457.5+0.033%$36K$362K20xas long as short
RISEx ZEC/USDC+0.0219%1h1,457.2+0.011%$856K$1.8M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0440%1h1,459.2+0.154%$3.8M$11.5M50xas long as short
Aftermath Perps ZECUSD+0.0464%1h1,457.2+0.015%$40K$34K10xas long as short
Arcus ZEC-USD+0.0518%1h1,458.3+0.088%$749K$8.0M10xas long as short
Lighter RH ZEC+0.0616%1h1,458.5+0.103%$1.9M$8.5M10xas long as short