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−0.0274%/8h= −30.0% APRpaid last 24h −0.015%
Price spread now: Binance against RISEx−0.046%7-day average −0.024% · 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−$190.189% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.224%−$22 on $10k
Price spread, last 7 days+0.054%+$5 · spread now −0.046%, 7d avg −0.024%
Together, before fees−0.170%−$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.022% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ZEC/USDC1,473.80.0374pay 0.0047% / 1h24m 39s$865K$1.0M10x
ShortBinance ZECUSDT1,473.10.0100get 0.0100% / 8h6h 24m$680.8M$2.32B75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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
−$57.47
Price spread: −0.046% → −0.024%
−$2.17
Slippage, 4 orders
−$2.88
Fee RISEx: 3 bp × 2 orders
−$6
Fee Binance: 5 bp × 2 orders
−$10
Net
−$78.52
Costs to cover
0.189%
Break-even
never at this rate
Slippage from RISEx: live order book, 4 min ago; Binance: live order book, 4 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 RISEx live order book, 4 min ago0.91 bp3.9 bp −$48.1 bp −$81doesn't fitdoesn't fit
Sell Binance live order book, 4 min ago0.03 bp6.0 bp −$69.4 bp −$9420.9 bp −$2,094doesn'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%1h1,459.3−0.981%$34K$274K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,473.4−0.025%$6K$1K10xas long as short
Ondo Perps ZEC-USD.P−0.0029%1h1,474.1+0.023%$400K$518K5xas long as short
Kraken Futures PF_ZECUSD−0.0002%1h1,474.9+0.076%$18.1M$43.7M25xas long as short
dYdX ZEC-USD0.0000%1h1,473.2−0.035%$415K$54K5xas long as short
Kalshi KXZECPERP0.0000%8h1,475.3+0.106%$976K$5.0M2.2xas long as short
Perpl ZEC0.0000%43m1,473−0.055%$84K$254K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,473.8+0.004%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0028%8h1,473.8+0.002%$294K$1.0M20xas long as short
Variational Omni ZEC+0.0048%8h1,474.4+0.045%$48.1M$32.8Mas 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%1h1,473.6−0.009%$385K100xas long as short
01 Exchange ZECUSD+0.0064%1h1,473.5−0.018%$8K$9K5xas long as short
Phoenix ZEC+0.0070%1h1,476.1+0.160%$4.7M$1.5M10xas long as short
Popdex ZECUSDT+0.0096%1h1,473−0.054%$173K$1.8M50xas long as short
OKX ZEC-USDT-SWAP+0.0097%8h1,472.8−0.066%$181.4M$1.27B50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,472.7−0.074%$14K$842K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,473.5−0.017%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,473.9+0.008%$2.6M$6.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,474.3+0.036%$767.4M$442.6M10xas long as short
Aster ZECUSDT+0.0100%8h1,472.7−0.072%$14.8M$30.8M75xas long as short
Pacifica ZEC+0.0100%1h1,473.4−0.024%$1.7M$2.7M10xas long as short
Binance ZECUSDTshort+0.0100%8h1,473.1−0.046%$680.8M$2.32B75x
Bybit ZECUSDT+0.0100%8h1,472.6−0.082%$271.5M$617.5M75xas long as short
Bulk ZEC-USD+0.0100%1h1,476.6+0.192%$896K$18K10xas long as short
Gate ZEC_USDT+0.0100%8h1,473−0.052%$50.3M$175.9M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,473.3−0.031%$216.2M$800.2M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,473.4−0.027%$103.6M$56.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,473.1−0.046%$163.7M$283.4M75xas long as short
BingX ZEC-USDT+0.0100%8h1,473.5−0.019%$100.9Mas long as short
edgeX ZECUSDC+0.0100%4h1,475.3+0.106%$575K$9.0M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,475+0.088%$3.0M$443K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,474+0.019%$429K$907K50xas long as short
StandX ZEC-USD+0.0100%1h1,473.2−0.041%$71K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,472.9−0.058%$346K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,473.8+0.004%$128K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,472.3−0.101%$458K$511K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,476.2+0.165%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,474.2+0.030%$243K$3.7M10xas long as short
HTX ZEC-USDT+0.0100%8h1,472.7−0.074%$2.5M$18.7M75xas long as short
Phemex ZECUSDT+0.0100%8h1,474.2+0.032%$3.9M$5.4M50xas long as short
Extended ZEC-USD+0.0104%1h1,472.8−0.064%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,473.6−0.007%$48K$162K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0151%1h1,474.3+0.034%$613K$1.3M25xas long as short
Arcus ZEC-USD+0.0254%1h1,474.6+0.057%$688K$8.6M10xas long as short
Lighter ZEC+0.0272%1h1,474.7+0.063%$19.3M$48.2M20xas long as short
Lighter RH ZEC+0.0280%1h1,475.1+0.093%$2.1M$7.1M10xas long as short
RISEx ZEC/USDClong+0.0374%1h1,473.8long leg$865K$1.0M10x
Coinbase International ZEC-PERP-INTX+0.0472%1h1,475.5+0.118%$3.6M$9.4M50xas long as short
Backpack ZEC_USDC_PERP+0.0493%1h1,475.2+0.101%$2.5M$3.9M15xas long as short
Aftermath Perps ZECUSD+0.0735%1h1,474.9+0.075%$44K$46K10xas long as short