Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0029%/8h= −3.1% APRpaid last 24h −0.039%

Price spread now: Orderly against RISEx+0.154%7-day average −0.022% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.286%−$29 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.154%, 7d avg −0.022%

Together, before fees−0.207%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.176% dearer against RISEx than usual: you sell high and buy low (spread +0.154% now, against its 7-day average of −0.022%): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. At the pace of the last 4 days (−0.286% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ZEC/USDC	1,523.5	0.0083	pay 0.0010% / 1h	10m 45s	$910K	$1.2M	10x
Short	Orderly PERP_ZEC_USDC	1,525.8	0.0054	get 0.0054% / 8h	4h 10m	$312K	$656K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpOrdersPrice spread, now +0.154%Rate

Funding earned: −$6
Price spread: +0.154% → −0.022%: $17.58
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$0.42
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: RISEx: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.

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, 1 min ago	1.08 bp	4.1 bp −$4	7.5 bp −$75	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEC on 51 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	−0.3418%	1h	1,497.6	−1.700%	$37K	$267K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,522.9	−0.037%	$64K	$293K	10x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,526.3	+0.184%	$32.2M	$72.6M	75x	as long as short
Aftermath Perps ZECUSD	−0.0103%	1h	1,521.6	−0.123%	$47K	$79K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,511.6	−0.779%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0066%	1h	1,525.2	+0.112%	$413K	$491K	5x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,524.1	+0.039%	$419K	$30K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,522	−0.095%	$1.5M	$4.9M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,526.2	+0.178%	$5.4M	—	150x	as long as short
Orderly PERP_ZEC_USDCshort	+0.0054%	8h	1,525.8	+0.154%	$312K	$656K	20x

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0064%	1h	1,524.6	+0.075%	$4.9M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,524.6	+0.075%	$8K	$6K	5x	as long as short
RISEx ZEC/USDClong	+0.0083%	1h	1,523.5	long leg	$910K	$1.2M	10x
Lighter ZEC	+0.0096%	1h	1,527.5	+0.266%	$20.0M	$39.4M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,527.3	+0.249%	$2.1M	$7.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,524.4	+0.059%	$172K	$1.3M	50x	as long as short
Bulk ZEC-USD	+0.0098%	1h	1,523.8	+0.020%	$789K	$82K	10x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,523.3	−0.016%	$19K	$849K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,522.8	−0.044%	$63K	$13K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,524.4	+0.058%	$3.1M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,527.8	+0.283%	$811.6M	$407.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,525.9	+0.158%	$14.6M	$24.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,523.6	+0.006%	$1.5M	$2.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,526.3	+0.183%	$716.7M	$2.09B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,525.6	+0.135%	$284.8M	$567.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,525.3	+0.119%	$192.6M	$1.24B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,524	+0.036%	$596K	$8.6M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,526	+0.167%	$66.8M	$168.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,526.1	+0.171%	$190.7M	$822.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,526.3	+0.187%	$111.3M	$53.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,525.9	+0.158%	$166.0M	$263.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,524.7	+0.076%	—	$6.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,524.8	+0.087%	$50.4M	$32.1M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,523.1	−0.022%	$557K	$8.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,523.7	+0.015%	$3.1M	$682K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,525.5	+0.132%	$416K	$932K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,523.9	+0.027%	$113K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,525	+0.099%	$398K	$1.4M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,526.6	+0.201%	$168K	$189K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,525.3	+0.121%	$377K	$489K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,526.7	+0.210%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,526.1	+0.168%	$255K	$3.3M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,525	+0.100%	$2.8M	$19.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,526.4	+0.188%	$4.2M	$4.8M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0102%	1h	1,527	+0.230%	$2.2M	$3.5M	15x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,525.8	+0.152%	$2.7M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,525.9	+0.156%	$35K	$163K	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0175%	1h	1,526.7	+0.214%	$18.8M	$45.7M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0216% / S −0.0241%	1h	1,526.5	+0.197%	$354K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0392%	1h	1,528.4	+0.321%	$4.0M	$9.3M	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0412%	1h	1,526.8	+0.216%	$705K	$1.2M	25x	as long as short