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 −0.034%

Price spread now: OKX against RISEx+0.134%156s7-day average −0.028% · 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—prices read too far apart to compare

costs, in and out, $10k−$190.194% of the position

Long on RISEx Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.254%−$25 on $10k

Price spread, last 7 days−0.141%−$14 · spread now +0.134%, 7d avg −0.028%

Together, before fees−0.395%−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.162% dearer against RISEx than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.028%. Mind the row above: over the last 4 days funding on this pair cost −0.254%, so the current rate has only just turned in your favour. The two prices were read 156 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ZEC/USDC	1,501.5	0.0032	pay 0.0004% / 1h	28m 58s	$908K	$1.3M	10x
Short	OKX ZEC-USDT-SWAP	1,503.5	0.0100	get 0.0100% / 8h	5h 28m	$185.7M	$1.29B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.134%Rate

Funding earned: $14.18
Price spread: +0.134% → −0.028%: $16.25
Slippage, 4 orders: −$3.36
Fee RISEx: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $11.06
Costs to cover: 0.194%
Break-even: 1.5 days

Slippage from RISEx: live order book, 2 min ago; OKX: 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, 2 min ago	1.23 bp	4.2 bp −$4	8.5 bp −$85	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.03 bp	5.2 bp −$5	7.7 bp −$77	15.3 bp −$1,530	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	1,489.4	−0.808%	$36K	$267K	12x	as long as short
Aftermath Perps ZECUSD	−0.0240%	1h	1,503.7	+0.146%	$49K	$74K	10x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,503.7	+0.147%	$32.0M	$72.9M	75x	as long as short
ApeX Omni ZECUSDT	−0.0169%	1h	1,501.7	+0.012%	$411K	$951K	50x	as long as short
Ondo Perps ZEC-USD.P	−0.0161%	1h	1,503.3	+0.118%	$409K	$497K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,502.7	+0.080%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,502.6	+0.075%	$414K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,503.7	+0.143%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,502	+0.031%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,504.2	+0.179%	$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	+0.139%	$8K	$6K	5x	as long as short
RISEx ZEC/USDClong	+0.0032%	1h	1,501.5	long leg	$908K	$1.3M	10x
Phoenix ZEC	+0.0060%	1h	1,502.4	+0.061%	$4.8M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0063%	1h	1,504.3	+0.185%	$686K	$1.3M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0065%	8h	1,503.2	+0.114%	$303K	$717K	20x	as long as short
Aster ZECUSDT	+0.0084%	8h	1,504.1	+0.170%	$14.3M	$27.2M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,504.7	+0.211%	$19.9M	$39.8M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,505	+0.233%	$2.1M	$7.2M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,503.3	+0.120%	$170K	$1.4M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,502.3	+0.050%	$25K	$866K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,504.1	+0.168%	$18.6M	$45.7M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,502.4	+0.061%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,504.1	+0.174%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,504.4	+0.191%	$792.2M	$431.9M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,502.9	+0.089%	$1.6M	$2.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,504.4	+0.191%	$705.3M	$2.18B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,503.6	+0.139%	$274.0M	$587.4M	75x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0100%	8h	1,503.5	+0.134%	$185.7M	$1.29B	50x
Arcus ZEC-USD	+0.0100%	1h	1,503.4	+0.123%	$596K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,508.7	+0.478%	$782K	$163K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,503.3	+0.121%	$63.5M	$174.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,503.6	+0.136%	$180.8M	$835.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,503.7	+0.143%	$105.9M	$52.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,503.8	+0.152%	$164.3M	$277.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,503.4	+0.127%	—	$121.3M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,504.3	+0.185%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.2	−0.024%	$49.5M	$33.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,501.9	+0.024%	$549K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,501.6	+0.005%	$3.1M	$616K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,501.3	−0.017%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,503.7	+0.145%	$369K	$1.5M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,504	+0.164%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,506.2	+0.312%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,503.6	+0.136%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,500.4	−0.075%	$2.6M	$20.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,503.9	+0.159%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,503.9	+0.156%	$2.7M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,503.2	+0.111%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0193% / S −0.0209%	1h	1,504.1	+0.171%	$349K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,504.4	+0.189%	$3.9M	$9.4M	50x	as long as short