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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: edgeX against Phemex−0.325%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$390.392% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.188%+$19 on $10k
Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.325%, 7d avg −0.079%
Together, before fees+0.216%+ Points / potential airdropedgeX: Active · farm board+$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.245% cheaper against Phemex than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.079%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ZECUSDT1,467.40.0100pay 0.0100% / 8h2h 56m$3.9M$4.8M50x
ShortedgeX ZECUSDC1,462.70.0100get 0.0050% / 4h2h 56m$569K$8.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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
$0
Price spread: −0.325% → −0.079%
−$24.52
Slippage, 4 orders
−$18.19
Fee Phemex: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$63.71
Costs to cover
0.392%
Break-even
never at this rate
Slippage from Phemex: live order book, 2 min ago; edgeX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 2 min ago0.07 bp11.4 bp −$1126.0 bp −$260doesn't fitdoesn't fit
Sell edgeX live order book, 3 min ago0.38 bp4.9 bp −$58.8 bp −$88doesn't fitdoesn't fit

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−0.3243%1h1,467.3−0.012%$34K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,466.4−0.071%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0072%8h1,467.5+0.001%$29.8M$70.8M75xas long as short
Ondo Perps ZEC-USD.P−0.0031%1h1,466.6−0.057%$398K$438K5xas long as short
dYdX ZEC-USD0.0000%1h1,466.8−0.042%$408K$37K5xas long as short
01 Exchange ZECUSD0.0000%1h1,467−0.031%$8K$7K5xas long as short
Perpl ZEC0.0000%43m1,466.8−0.042%$84K$239K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,468.1+0.043%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0062%8h1,467.5+0.003%$293K$900K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0091% / S −0.0043%1h1,468.1+0.047%$437K100xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,466.8−0.044%$174K$1.6M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,467.6+0.011%$12K$799K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,467−0.031%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,467.7+0.018%$2.9M$6.4M10xas long as short
Hyperliquid ZEC+0.0100%1h1,467.7+0.018%$764.6M$420.5M10xas long as short
Aster ZECUSDT+0.0100%8h1,467.1−0.025%$14.5M$27.8M75xas long as short
Pacifica ZEC+0.0100%1h1,467.2−0.014%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,466.8−0.045%$676.5M$2.17B75xas long as short
Bybit ZECUSDT+0.0100%8h1,466.1−0.089%$261.9M$586.4M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,466.4−0.068%$178.8M$1.21B50xas long as short
Bulk ZEC-USD+0.0100%1h1,462.8−0.315%$884K$17K10xas long as short
Gate ZEC_USDT+0.0100%8h1,467−0.027%$52.7M$169.3M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,466.8−0.042%$219.4M$756.7M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,467.2−0.016%$103.3M$52.7M75xas long as short
Bitget ZECUSDT+0.0100%8h1,467−0.029%$166.7M$267.4M75xas long as short
BingX ZEC-USDC+0.0100%8h1,467.6+0.011%$6.7Mas long as short
Variational Omni ZEC+0.0100%8h1,462.9−0.305%$48.0M$32.4Mas long as short
edgeX ZECUSDCshort+0.0100%4h1,462.7−0.325%$569K$8.5M20x
GRVT ZEC_USDT_Perp+0.0100%8h1,464.5−0.198%$3.0M$453K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,464.9−0.176%$405K$921K50xas long as short
StandX ZEC-USD+0.0100%1h1,466.6−0.059%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,466.7−0.050%$358K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,468.1+0.046%$161K$186K20xas long as short
Derive ZEC-PERP+0.0100%1h1,466.8−0.046%$448K$504K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,468.9+0.097%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,467.7+0.018%$235K$3.2M10xas long as short
HTX ZEC-USDT+0.0100%8h1,466.5−0.061%$2.7M$18.3M75xas long as short
Phemex ZECUSDTlong+0.0100%8h1,467.4long leg$3.9M$4.8M50x
Extended ZEC-USD+0.0104%1h1,466.9−0.034%$2.8M$7.8M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,467.4−0.001%$47K$151K20xas long as short
Kalshi KXZECPERP+0.0111%8h1,467.6+0.014%$1.5M$4.4M2.2xas long as short
Phoenix ZEC+0.0116%1h1,467.5+0.001%$4.7M$1.3M10xas long as short
Lighter ZEC+0.0120%1h1,467.9+0.035%$19.4M$43.8M20xas long as short
Lighter RH ZEC+0.0120%1h1,468.2+0.050%$2.1M$7.0M10xas long as short
Kraken Futures PF_ZECUSD+0.0146%1h1,467.8+0.022%$18.0M$45.6M25xas long as short
RISEx ZEC/USDC+0.0154%1h1,467.1−0.022%$927K$1.1M10xas long as short
Backpack ZEC_USDC_PERP+0.0160%1h1,468.3+0.059%$2.4M$3.8M15xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0246%1h1,468.6+0.082%$618K$1.3M25xas long as short
Coinbase International ZEC-PERP-INTX+0.0496%1h1,469.7+0.156%$3.8M$9.0M50xas long as short
Arcus ZEC-USD+0.0508%1h1,468.4+0.065%$671K$8.2M10xas long as short
Aftermath Perps ZECUSD+0.0684%1h1,465.5−0.129%$45K$49K10xas long as short