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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.018%
Price spread now: GRVT against Popdex−0.007%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$210.212% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.008%−$1 on $10k
Price spread, last 7 days−0.060%−$6 · spread now −0.007%, 7d avg −0.005%
Together, before fees−0.068%+ Points / potential airdropGRVT: Active · farm board−$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex ZECUSDT1,475.10.0096pay 0.0012% / 1h26m 52s$174K$1.8M50x
ShortGRVT ZEC_USDT_Perp1,4750.0100get 0.0100% / 8h6h 26m$3.0M$443K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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
$0.84
Price spread: −0.007% → −0.005%
−$0.22
Slippage, 4 orders
−$5.76
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$20.54
Costs to cover
0.212%
Break-even
178.2 days
Slippage from Popdex: live order book, 2 min ago; GRVT: live order book, 2 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, 2 min ago0.41 bp4.0 bp −$49.7 bp −$97doesn't fitdoesn't fit
Sell GRVT live order book, 2 min ago2.03 bp6.5 bp −$78.7 bp −$87doesn't fitdoesn't fit

ZEC on 50 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−0.3678%1h1,475.4+0.022%$34K$274K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,477.1+0.134%$6K$1K10xas long as short
Ondo Perps ZEC-USD.P−0.0019%1h1,474.1−0.069%$400K$518K5xas long as short
Kraken Futures PF_ZECUSD−0.0002%1h1,475−0.006%$18.1M$43.5M25xas long as short
dYdX ZEC-USD0.0000%1h1,475.9+0.054%$416K$55K5xas long as short
Kalshi KXZECPERP0.0000%8h1,476.4+0.089%$976K$5.0M2.2xas long as short
Perpl ZEC0.0000%43m1,475.3+0.014%$84K$254K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,475.2+0.006%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0027%8h1,474.8−0.021%$294K$1.1M20xas long as short
Variational Omni ZEC+0.0040%8h1,476.4+0.085%$48.0M$33.0Mas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0009%1h1,474.9−0.013%$385K100xas long as short
01 Exchange ZECUSD+0.0064%1h1,475.7+0.038%$8K$9K5xas long as short
Phoenix ZEC+0.0070%1h1,478.2+0.210%$4.7M$1.5M10xas long as short
OKX ZEC-USDT-SWAP+0.0095%8h1,475.2+0.007%$181.4M$1.28B50xas long as short
Popdex ZECUSDTlong+0.0096%1h1,475.1long leg$174K$1.8M50x
Katana Perps ZEC-USD+0.0100%8h1,475−0.012%$17K$840K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,476.4+0.086%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,475.5+0.023%$2.6M$6.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,476.1+0.066%$768.2M$445.2M10xas long as short
Aster ZECUSDT+0.0100%8h1,475−0.009%$14.9M$30.8M75xas long as short
Pacifica ZEC+0.0100%1h1,476.4+0.086%$1.7M$2.7M10xas long as short
Binance ZECUSDT+0.0100%8h1,475.5+0.023%$681.9M$2.33B75xas long as short
Bybit ZECUSDT+0.0100%8h1,475.2+0.007%$272.0M$618.1M75xas long as short
Bulk ZEC-USD+0.0100%1h1,470.5−0.314%$893K$19K10xas long as short
Gate ZEC_USDT+0.0100%8h1,474.7−0.029%$50.2M$175.7M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,474.6−0.034%$215.3M$799.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,474.8−0.022%$103.7M$56.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,474.8−0.022%$163.8M$283.8M75xas long as short
BingX ZEC-USDC+0.0100%8h1,475.3+0.011%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,476.1+0.065%$574K$9.0M20xas long as short
GRVT ZEC_USDT_Perpshort+0.0100%8h1,475−0.007%$3.0M$443K10x
ApeX Omni ZECUSDT+0.0100%1h1,474−0.074%$429K$907K50xas long as short
StandX ZEC-USD+0.0100%1h1,476.5+0.095%$71K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,475.2+0.005%$340K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,475−0.008%$128K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,473.5−0.111%$458K$510K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,477.7+0.175%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,474.9−0.016%$243K$3.7M10xas long as short
HTX ZEC-USDT+0.0100%8h1,475.7+0.039%$2.6M$18.9M75xas long as short
Phemex ZECUSDT+0.0100%8h1,475.7+0.039%$3.9M$5.4M50xas long as short
Extended ZEC-USD+0.0104%1h1,474.8−0.024%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,475−0.009%$48K$162K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0128%1h1,475.7+0.036%$614K$1.3M25xas long as short
Arcus ZEC-USD+0.0254%1h1,477+0.130%$682K$8.7M10xas long as short
Lighter ZEC+0.0256%1h1,476.9+0.123%$19.3M$48.1M20xas long as short
Lighter RH ZEC+0.0304%1h1,477+0.127%$2.1M$7.1M10xas long as short
RISEx ZEC/USDC+0.0374%1h1,476.1+0.067%$868K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0472%1h1,477.8+0.182%$3.7M$9.5M50xas long as short
Backpack ZEC_USDC_PERP+0.0503%1h1,475.5+0.027%$2.5M$3.9M15xas long as short
Aftermath Perps ZECUSD+0.0726%1h1,475.4+0.021%$44K$46K10xas long as short