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+0.0004%/8h= +0.4% APRpaid last 24h +0.002%
Price spread now: SunX against Popdex+0.155%7-day average +0.106% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1311.313% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.009%+$1 on $10k
Price spread, last 4 days (all we have)+0.250%+$25 · spread now +0.155%, 7d avg +0.106%
Together, before fees+0.259%+$26 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: SunX is 0.049% dearer against Popdex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.106%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex ZECUSDT1,447.80.0096pay 0.0012% / 1h46m 07s$173K$1.7M50x
ShortSunX ZEC-USDT1,4500.0100get 0.0100% / 8h4h 46m$3K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.155% → +0.106%
$4.85
Slippage, 4 orders
−$116.88
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee SunX: 4 bp × 2 orders
−$8
Net
−$125.58
Costs to cover
1.313%
Break-even
1053.5 days
Slippage from Popdex: live order book, 3 min ago; SunX: live order book, 7 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, 3 min ago2.62 bp6.1 bp −$69.7 bp −$97doesn't fitdoesn't fit
Sell SunX live order book, 7 min ago29.02 bp68.8 bp −$69doesn't fitdoesn'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%1h1,448+0.013%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,447.5−0.022%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0072%8h1,447.3−0.030%$29.2M$70.4M75xas long as short
dYdX ZEC-USD0.0000%1h1,447−0.055%$407K$40K5xas long as short
Kalshi KXZECPERP0.0000%8h1,447.9+0.009%$1.5M$4.5M2.2xas long as short
Perpl ZEC0.0000%43m1,447.4−0.024%$83K$240K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,447.3−0.031%$5.1M150xas long as short
Orderly PERP_ZEC_USDC+0.0058%8h1,448.1+0.020%$290K$958K20xas long as short
01 Exchange ZECUSD+0.0064%1h1,448.1+0.023%$8K$7K5xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0064% / S −0.0015%1h1,447.1−0.047%$407K100xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDTlong+0.0096%1h1,447.8long leg$173K$1.7M50x
Katana Perps ZEC-USD+0.0100%8h1,447.5−0.020%$10K$874K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,448.1+0.022%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,447.80.000%$2.5M$6.3M10xas long as short
Hyperliquid ZEC+0.0100%1h1,449.6+0.126%$753.8M$434.6M10xas long as short
Aster ZECUSDT+0.0100%8h1,447.9+0.008%$14.4M$27.7M75xas long as short
Pacifica ZEC+0.0100%1h1,448+0.015%$1.6M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,448.4+0.046%$664.3M$2.22B75xas long as short
Bybit ZECUSDT+0.0100%8h1,448.3+0.035%$261.0M$602.4M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,448.7+0.065%$176.9M$1.22B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,445.7−0.143%$394K$442K5xas long as short
Bulk ZEC-USD+0.0100%1h1,449.4+0.115%$876K$23K10xas long as short
Gate ZEC_USDT+0.0100%8h1,448.4+0.041%$50.0M$172.7M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,448.4+0.041%$215.3M$768.4M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,448.1+0.026%$101.9M$54.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,448.8+0.071%$164.4M$273.9M75xas long as short
BingX ZEC-USDC+0.0100%8h1,447.3−0.030%$6.7Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,449.2+0.097%$2.5M$3.8M15xas long as short
Variational Omni ZEC+0.0100%8h1,447.3−0.030%$47.4M$32.8Mas long as short
edgeX ZECUSDC+0.0100%4h1,446.4−0.092%$563K$8.7M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,447.7−0.004%$3.0M$437K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,446.8−0.070%$402K$920K50xas long as short
StandX ZEC-USD+0.0100%1h1,447.7−0.005%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,447.3−0.032%$364K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,447.3−0.033%$159K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,446.9−0.057%$442K$521K6.7xas long as short
SunX ZEC-USDTshort+0.0100%8h1,450+0.155%$3K$1.1M20x
SoDEX ZEC-USD+0.0100%1h1,448.2+0.027%$232K$3.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,446.5−0.090%$2.6M$18.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,447.8+0.004%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,448.1+0.025%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,448+0.016%$47K$151K20xas long as short
Phoenix ZEC+0.0123%1h1,448.9+0.079%$4.6M$1.3M10xas long as short
Kraken Futures PF_ZECUSD+0.0279%1h1,448.2+0.033%$17.9M$44.9M25xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0323%1h1,448.7+0.065%$608K$1.3M25xas long as short
Lighter ZEC+0.0344%1h1,449.7+0.135%$19.1M$45.9M20xas long as short
RISEx ZEC/USDC+0.0412%1h1,448.4+0.043%$920K$1.1M10xas long as short
Lighter RH ZEC+0.0424%1h1,450+0.156%$2.0M$6.9M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,449.6+0.127%$3.8M$9.0M50xas long as short
Arcus ZEC-USD+0.0626%1h1,449.8+0.141%$738K$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0670%1h1,448.3+0.034%$44K$49K10xas long as short