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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Aevo against Popdex−0.021%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$590.585% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.685%+$69 · spread now −0.021%, 7d avg +0.006%
Together, before fees+0.683%+$68 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: Aevo is 0.027% cheaper against Popdex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex ZECUSDT1,448.30.0096pay 0.0012% / 1h49m 52s$172K$1.7M50x
ShortAevo ZEC-PERP1,4480.0104get 0.0013% / 1h49m 52s$47K$151K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Popdex. 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
$1.68
Price spread: −0.021% → +0.006%
−$2.68
Slippage, 4 orders
−$36.11
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$59.51
Costs to cover
0.585%
Break-even
255.0 days
Slippage from Popdex: live order book, 4 min ago; Aevo: live order book, 9 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 Popdex live order book, 4 min ago0.41 bp4.2 bp −$411.0 bp −$110doesn't fitdoesn't fit
Sell Aevo live order book, 9 min ago11.97 bp27.2 bp −$2733.4 bp −$334doesn'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−0.3166%1h1,449.6+0.092%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,448.7+0.029%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0078%8h1,447.1−0.082%$29.2M$70.3M75xas long as short
dYdX ZEC-USD0.0000%1h1,448.2−0.007%$408K$40K5xas long as short
Kalshi KXZECPERP0.0000%8h1,446.4−0.126%$1.5M$4.5M2.2xas long as short
Perpl ZEC0.0000%43m1,448.6+0.026%$83K$240K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,448.9+0.044%$5.1M150xas long as short
Orderly PERP_ZEC_USDC+0.0058%8h1,448.3+0.005%$290K$958K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0064% / S −0.0014%1h1,448.8+0.040%$407K100xas long as short
01 Exchange ZECUSD+0.0072%1h1,448.1−0.012%$8K$7K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDTlong+0.0096%1h1,448.3long leg$172K$1.7M50x
Katana Perps ZEC-USD+0.0100%8h1,447.8−0.032%$10K$874K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,449.2+0.069%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,447.7−0.038%$2.5M$6.3M10xas long as short
Hyperliquid ZEC+0.0100%1h1,448.9+0.045%$753.7M$434.3M10xas long as short
Aster ZECUSDT+0.0100%8h1,447.5−0.053%$14.4M$27.7M75xas long as short
Pacifica ZEC+0.0100%1h1,448.7+0.030%$1.6M$2.5M10xas long as short
Binance ZECUSDT+0.0100%8h1,446.3−0.135%$663.3M$2.21B75xas long as short
Bybit ZECUSDT+0.0100%8h1,446−0.158%$261.1M$602.6M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,446.6−0.117%$176.9M$1.22B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,448.7+0.031%$394K$443K5xas long as short
Bulk ZEC-USD+0.0100%1h1,449.4+0.082%$876K$23K10xas long as short
Gate ZEC_USDT+0.0100%8h1,446.5−0.119%$49.8M$172.3M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,446.8−0.102%$214.4M$767.8M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,447.5−0.055%$101.9M$54.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,446.6−0.116%$164.2M$273.8M75xas long as short
BingX ZEC-USDT+0.0100%8h1,446.1−0.147%$99.8Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,448.8+0.039%$2.5M$3.8M15xas long as short
Variational Omni ZEC+0.0100%8h1,447.2−0.076%$47.4M$32.8Mas long as short
edgeX ZECUSDC+0.0100%4h1,449.2+0.069%$564K$8.7M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,448.8+0.037%$3.0M$424K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,448.4+0.011%$407K$913K50xas long as short
StandX ZEC-USD+0.0100%1h1,447.9−0.026%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,448−0.017%$365K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,448.5+0.018%$160K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,447.4−0.059%$442K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,451.3+0.213%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,448.1−0.012%$232K$3.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,447.5−0.053%$2.6M$18.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,448.3+0.003%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,446.7−0.104%$2.8M$7.7M10xas long as short
Aevo ZEC-PERPshort+0.0104%1h1,448−0.021%$47K$151K20x
Phoenix ZEC+0.0123%1h1,450.6+0.163%$4.6M$1.3M10xas long as short
Kraken Futures PF_ZECUSD+0.0279%1h1,447.9−0.027%$17.9M$44.8M25xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0324%1h1,449.2+0.064%$608K$1.3M25xas long as short
Lighter ZEC+0.0368%1h1,449.6+0.093%$19.0M$45.8M20xas long as short
Lighter RH ZEC+0.0384%1h1,449.8+0.106%$2.0M$6.9M10xas long as short
RISEx ZEC/USDC+0.0412%1h1,448.5+0.017%$829K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,450.3+0.139%$3.7M$8.9M50xas long as short
Arcus ZEC-USD+0.0626%1h1,450+0.122%$730K$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0680%1h1,449.7+0.100%$44K$49K10xas long as short