Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.015%

Price spread now: Bitget against RISEx+0.095%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.270%−$27 on $10k

Price spread, last 7 days−0.080%−$8 · spread now +0.095%, 7d avg −0.026%

Together, before fees−0.351%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.121% dearer against RISEx than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of −0.026%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 3 days (−0.270% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ZEC/USDC	1,472.3	0.0132	pay 0.0017% / 1h	4m 55s	$836K	$1.3M	10x
Short	Bitget ZECUSDT	1,473.7	0.0100	get 0.0100% / 8h	4m 55s	$163.8M	$301.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee RISExbpFee BitgetbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$6.74
Price spread: +0.095% → −0.026%: $12.09
Slippage, 4 orders: −$4.87
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$17.53
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 4 min ago	0.85 bp	3.8 bp −$4	8.6 bp −$86	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.03 bp	7.8 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3089%	1h	1,473.7	+0.099%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0262%	1h	1,471.7	−0.039%	$399K	$521K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,472.7	+0.030%	$17.9M	$43.9M	25x	as long as short
Bybit ZECUSDT	−0.0116%	8h	1,473.4	+0.074%	$275.2M	$650.8M	75x	as long as short
BloFin ZEC-USDT	−0.0107%	8h	1,472.4	+0.006%	$29.6M	$74.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,471.6	−0.045%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0062%	8h	1,470.9	−0.094%	$47.7M	$34.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,471.7	−0.038%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.6	+0.020%	$959K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,471.9	−0.027%	$84K	$406K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.8	+0.035%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,471.8	−0.030%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,472.5	+0.016%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.2	+0.063%	$4.7M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0035%	1h	1,472.7	+0.029%	$432K	$845K	50x	as long as short
OKX ZEC-USDT-SWAP	+0.0038%	8h	1,473.7	+0.097%	$181.8M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0048%	8h	1,474.1	+0.122%	$51.3M	$187.9M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.7	+0.032%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,474.2	+0.131%	$19.2M	$52.6M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.1	−0.014%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,472.5	+0.015%	$19K	$851K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,471.5	−0.055%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,472	−0.016%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,474.6	+0.158%	$763.9M	$472.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,473.6	+0.092%	$15.0M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472.1	−0.010%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474.1	+0.121%	$684.2M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,473.1	+0.056%	$698K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.8	+0.034%	$896K	$38K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,473.8	+0.102%	$229.0M	$846.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.6	+0.024%	$104.6M	$56.3M	75x	as long as short
Bitget ZECUSDTshort	+0.0100%	8h	1,473.7	+0.095%	$163.8M	$301.0M	75x
BingX ZEC-USDT	+0.0100%	8h	1,473.5	+0.083%	—	$101.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,472.1	−0.010%	$513K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.4	+0.145%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.8	+0.033%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.1	−0.012%	$335K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.2	−0.004%	$127K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.9	−0.093%	$458K	$508K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.6	+0.156%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.4	+0.011%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.2	−0.070%	$2.5M	$22.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.1	+0.054%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,474.1	+0.125%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.5	+0.016%	$37K	$366K	20x	as long as short
RISEx ZEC/USDClong	+0.0132%	1h	1,472.3	long leg	$836K	$1.3M	10x
Deribit ZEC_USDC-PERPETUAL	+0.0140%	1h	1,473.5	+0.085%	$615K	$1.3M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0392%	1h	1,474.1	+0.122%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,474.2	+0.131%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0448%	1h	1,475	+0.186%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0767%	1h	1,473.9	+0.110%	$46K	$47K	10x	as long as short