Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0260%/8h= −28.5% APRpaid last 24h −0.078%

Price spread now: BloFin against RISEx+0.019%7-day average −0.031% · 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−$16as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on RISEx Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.407%−$41 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now +0.019%, 7d avg −0.031%

Together, before fees−0.310%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.049% dearer against RISEx than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.031%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ZEC/USDC	1,477.7	0.0129	pay 0.0016% / 1h	30m 53s	$925K	$1.1M	10x
Short	BloFin ZEC-USDT	1,478	−0.0131	pay 0.0131% / 8h	1h 30m	$30.5M	$73.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$54.59
Price spread: +0.019% → −0.031%: $4.95
Slippage, 4 orders: −$2.84
Fee RISEx: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$70.48
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; BloFin: live order book, 3 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, 3 min ago	1.39 bp	4.4 bp −$4	9.0 bp −$90	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.03 bp	6.0 bp −$6	7.1 bp −$71	15.9 bp −$1,595	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	−0.3684%	1h	1,462	−1.059%	$36K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0166%	1h	1,477.1	−0.039%	$892K	$9K	10x	as long as short
BloFin ZEC-USDTshort	−0.0131%	8h	1,478	+0.019%	$30.5M	$73.8M	75x
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,478	+0.024%	$17.9M	$47.2M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,477.1	−0.042%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,476.3	−0.095%	$410K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,480	+0.154%	$1.5M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,476.2	−0.097%	$63K	$303K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,478	+0.024%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0077%	8h	1,477.9	+0.012%	$298K	$1.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,477.8	+0.007%	$163K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,477.1	−0.039%	$13K	$866K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,477.9	+0.017%	$2.7M	$7.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,477.5	−0.016%	$13.8M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,477.3	−0.028%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,478	+0.024%	$688.1M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,477.6	−0.005%	$265.6M	$631.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,477.8	+0.006%	$178.9M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,472.5	−0.351%	$403K	$507K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,478.3	+0.039%	$54.3M	$182.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,478.1	+0.031%	$240.8M	$783.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,478.3	+0.039%	$101.2M	$57.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,478	+0.024%	$159.0M	$288.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,476.2	−0.099%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,479	+0.086%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,474.2	−0.238%	$48.1M	$34.1M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,476.5	−0.081%	$565K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,478.1	+0.028%	$3.0M	$498K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.9	−0.054%	$406K	$935K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,476.9	−0.052%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,477.4	−0.019%	$357K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,477.9	+0.014%	$162K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473.4	−0.290%	$450K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,479.7	+0.137%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,478	+0.020%	$252K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,477	−0.046%	$2.6M	$19.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,478.4	+0.048%	$3.9M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,477	−0.046%	$61K	$43K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,478	+0.018%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,477.9	+0.015%	$42K	$152K	20x	as long as short
Aftermath Perps ZECUSD	+0.0106%	1h	1,477.7	−0.001%	$47K	$64K	10x	as long as short
RISEx ZEC/USDClong	+0.0129%	1h	1,477.7	long leg	$925K	$1.1M	10x
Phoenix ZEC	+0.0134%	1h	1,476.1	−0.104%	$4.7M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0143% / S −0.0148%	1h	1,478.1	+0.029%	$479K	—	100x	as long as short
01 Exchange ZECUSD	+0.0144%	1h	1,478.1	+0.028%	$8K	$7K	5x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,479.4	+0.118%	$635K	$8.6M	10x	as long as short
Hyperliquid ZEC	+0.0246%	1h	1,479.9	+0.150%	$768.1M	$442.2M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0258%	1h	1,478.9	+0.079%	$675K	$1.4M	25x	as long as short
Lighter RH ZEC	+0.0264%	1h	1,479.7	+0.137%	$2.1M	$7.4M	10x	as long as short
Lighter ZEC	+0.0320%	1h	1,479.7	+0.137%	$19.4M	$45.8M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,478.4	+0.047%	$3.6M	$9.9M	50x	as long as short