Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:40 UTC+0.0576%/8h= +63.1% APRpaid last 24h +0.040%

Price spread now: RISEx against Perpl+0.199%49s7-day average +0.067% · you sell dearer than you buy

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

Long on Perpl Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.406%+$41 on $10k

Price spread, last 4 days (all we have)−0.471%−$47 · spread now +0.199%, 7d avg +0.067%

Together, before fees−0.065%+ Points / potential airdropPerpl: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and RISEx is 0.132% dearer against Perpl than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.067%. The two prices were read 49 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	Perpl ZEC	1,493.8	−0.0447	get 0.0040% / 43m	12m 33s	$61K	$304K	10x
Short	RISEx ZEC/USDC	1,496.7	0.0129	get 0.0016% / 1h	6m 33s	$940K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Perpl. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 RISExbpOrdersPrice spread, now +0.199%Rate

Funding earned: $120.94
Price spread: +0.199% → +0.067%: $13.22
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $114.36
Costs to cover: 0.198%
Break-even: 0.4 days

Slippage unknown: Perpl: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Perpl no order-book sample	—	—	—	—	—
Sell RISEx live order book, 2 min ago	0.60 bp	3.6 bp −$4	10.3 bp −$103	doesn't fit	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	−0.3684%	1h	1,479.6	−0.949%	$36K	$275K	12x	as long as short
Perpl ZEClong	−0.0447%	43m	1,493.8	long leg	$61K	$304K	10x
BloFin ZEC-USDT	−0.0149%	8h	1,495.9	+0.145%	$30.8M	$75.2M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,495.7	+0.131%	$18.1M	$46.5M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,496	+0.147%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,496.8	+0.207%	$416K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,495.2	+0.098%	$1.5M	$4.7M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,495.7	+0.129%	$5.3M	—	150x	as long as short
Aftermath Perps ZECUSD	+0.0015%	1h	1,495.3	+0.106%	$48K	$64K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0074%	1h	1,496.3	+0.170%	$683K	$1.4M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0080%	8h	1,495.3	+0.101%	$301K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,496.5	+0.181%	$171K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,496.2	+0.165%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,497.2	+0.229%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,497	+0.214%	$3.1M	$7.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,495.7	+0.129%	$14.0M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,496.8	+0.205%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,496.6	+0.192%	$697.2M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,496	+0.149%	$267.9M	$630.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,496.3	+0.169%	$182.7M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,494.1	+0.023%	$408K	$554K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.2	+0.032%	$903K	$7K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,495.9	+0.145%	$55.2M	$187.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,496.4	+0.177%	$242.3M	$799.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,496.1	+0.154%	$103.2M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,496.6	+0.187%	$161.0M	$289.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,496.5	+0.181%	—	$117.1M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,496.1	+0.158%	$48.9M	$34.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,495.1	+0.091%	$573K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,494.7	+0.065%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,496.3	+0.172%	$412K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,496.1	+0.156%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,496.6	+0.190%	$358K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,495.6	+0.123%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,495.2	+0.094%	$456K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,497.6	+0.258%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,495.5	+0.118%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,496.1	+0.153%	$2.7M	$20.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,495.6	+0.123%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,496.5	+0.183%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,495.1	+0.092%	$43K	$151K	20x	as long as short
Hyperliquid ZEC	+0.0116%	1h	1,497	+0.217%	$780.7M	$445.8M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,496.7	+0.196%	$8K	$7K	5x	as long as short
RISEx ZEC/USDCshort	+0.0129%	1h	1,496.7	+0.199%	$940K	$1.1M	10x
Phoenix ZEC	+0.0134%	1h	1,495.2	+0.096%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0136% / S −0.0131%	1h	1,495.6	+0.120%	$396K	—	100x	as long as short
Lighter RH ZEC	+0.0200%	1h	1,498	+0.283%	$2.1M	$7.5M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,497.3	+0.239%	$611K	$8.7M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0252%	1h	1,496.5	+0.184%	$2.3M	$3.9M	15x	as long as short
Lighter ZEC	+0.0272%	1h	1,498.4	+0.314%	$19.7M	$47.1M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,496.3	+0.172%	$3.7M	$10.1M	50x	as long as short