Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.017%

Price spread now: HTX against RISEx−0.088%7-day average −0.058% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.279%−$28 on $10k

Price spread, last 4 days (all we have)+0.546%+$55 · spread now −0.088%, 7d avg −0.058%

Together, before fees+0.267%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.030% cheaper against RISEx than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.058%). If the spread goes back, that is −$3 on $10k: about 35 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 4 days funding on this pair cost −0.279%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ZEC/USDC	1,503.7	0.0032	pay 0.0004% / 1h	53m 23s	$909K	$1.3M	10x
Short	HTX ZEC-USDT	1,502.3	0.0100	get 0.0100% / 8h	5h 53m	$2.6M	$20.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.088%Rate

Funding earned: $14.18
Price spread: −0.088% → −0.058%: −$2.99
Slippage, 4 orders: −$8.69
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$15.5
Costs to cover: 0.267%
Break-even: 14.7 days

Slippage from RISEx: live order book, 3 min ago; HTX: 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, 3 min ago	0.30 bp	3.3 bp −$3	9.2 bp −$92	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	0.43 bp	9.3 bp −$9	16.8 bp −$168	37.6 bp −$3,759	doesn't fit

ZEC on 50 exchanges

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	−0.4130%	1h	1,480	−1.574%	$36K	$267K	12x	as long as short
BloFin ZEC-USDT	−0.0186%	8h	1,502.9	−0.050%	$31.8M	$72.9M	75x	as long as short
Aftermath Perps ZECUSD	−0.0092%	1h	1,504.1	+0.033%	$46K	$58K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0088%	1h	1,500.9	−0.183%	$409K	$498K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.6	−0.003%	$6K	$1K	10x	as long as short
ApeX Omni ZECUSDT	−0.0068%	1h	1,503.6	−0.001%	$411K	$949K	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,503.9	+0.019%	$414K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,503.5	−0.009%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,502	−0.110%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,502.8	−0.057%	$5.3M	—	150x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0016%	1h	1,503.6	−0.002%	$8K	$6K	5x	as long as short
RISEx ZEC/USDClong	+0.0032%	1h	1,503.7	long leg	$909K	$1.3M	10x
Deribit ZEC_USDC-PERPETUAL	+0.0046%	1h	1,504.5	+0.057%	$685K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0060%	1h	1,503.9	+0.016%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0070%	8h	1,503.2	−0.028%	$303K	$856K	20x	as long as short
Aster ZECUSDT	+0.0094%	8h	1,503.6	−0.004%	$14.1M	$26.9M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,505.3	+0.111%	$19.9M	$38.9M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,505.3	+0.112%	$2.1M	$7.0M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,503.4	−0.017%	$170K	$1.5M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,502.8	−0.055%	$25K	$880K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,504.2	+0.035%	$18.5M	$46.1M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,503.5	−0.009%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,503.8	+0.011%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,504.4	+0.050%	$789.9M	$429.5M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,504.3	+0.045%	$1.7M	$1.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,503.8	+0.007%	$707.9M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,503.6	−0.001%	$276.1M	$588.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,503.5	−0.013%	$185.9M	$1.30B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,504.3	+0.041%	$594K	$8.4M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,503.6	−0.001%	$62.8M	$171.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,504	+0.023%	$178.0M	$823.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,503.3	−0.023%	$105.3M	$53.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,503.7	+0.005%	$164.3M	$279.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,502.7	−0.065%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,503.8	+0.007%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,505.7	+0.136%	$49.5M	$34.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,504.6	+0.060%	$550K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503.3	−0.022%	$3.1M	$588K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,502.9	−0.051%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,503.4	−0.017%	$370K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,503.7	+0.006%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,506	+0.154%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,503.6	−0.001%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDTshort	+0.0100%	8h	1,502.3	−0.088%	$2.6M	$20.5M	75x
Phemex ZECUSDT	+0.0100%	8h	1,503.3	−0.021%	$4.0M	$4.8M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,505.5	+0.124%	$781K	$158K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,503.8	+0.007%	$2.7M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,503.4	−0.020%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0186% / S −0.0197%	1h	1,503.6	0.000%	$350K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,504.9	+0.082%	$3.9M	$9.5M	50x	as long as short