Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h −0.016%

Price spread now: SunX against RISEx+0.172%7-day average +0.076% · 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−$121as in the Price arb table

costs, in and out, $10k−$1311.310% of the position

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.187%−$19 on $10k

Price spread, last 4 days (all we have)+0.773%+$77 · spread now +0.172%, 7d avg +0.076%

Together, before fees+0.586%+$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.096% dearer against RISEx than usual: you sell high and buy low (spread +0.172% now, against its 7-day average of +0.076%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.6 days. At the pace of the last 4 days (−0.187% in total) that is about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ZEC/USDC	1,497.1	0.0157	pay 0.0020% / 1h	2m 30s	$987K	$1.2M	10x
Short	SunX ZEC-USDT	1,499.7	0.0100	get 0.0100% / 8h	7h 02m	$3K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.172%Rate

Funding earned: −$12
Price spread: +0.172% → +0.076%: $9.6
Slippage, 4 orders: −$116.99
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$133.39
Costs to cover: 1.310%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; SunX: live order book, 11 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, 1 min ago	2.20 bp	5.2 bp −$5	10.2 bp −$102	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	29.04 bp	70.8 bp −$71	doesn't fit	doesn't fit	doesn't fit

ZEC on 50 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	−0.3702%	1h	1,478.9	−1.214%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,495.5	−0.105%	$61K	$307K	10x	as long as short
Aftermath Perps ZECUSD	−0.0244%	1h	1,499.3	+0.147%	$46K	$60K	10x	as long as short
BloFin ZEC-USDT	−0.0155%	8h	1,497.7	+0.042%	$31.6M	$75.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,497	−0.008%	$6K	$1K	10x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,497.7	+0.039%	$1.5M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,497.3	+0.009%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,497.8	+0.047%	$18.3M	$47.3M	25x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,496.3	−0.057%	$8K	$6K	5x	as long as short
dYdX ZEC-USD	+0.0066%	1h	1,497.4	+0.021%	$413K	$34K	5x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0082%	1h	1,497.9	+0.050%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,496.8	−0.024%	$302K	$860K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,498.3	+0.077%	$19.5M	$46.2M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,498.5	+0.092%	$2.1M	$7.7M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,497.7	+0.038%	$176K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,497.4	+0.018%	$62K	$16K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,497.2	+0.005%	$15K	$885K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,497.1	−0.004%	$3.1M	$7.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,498.2	+0.073%	$785.3M	$445.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,496.6	−0.037%	$14.0M	$29.3M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,497.5	+0.029%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,497.2	+0.008%	$706.4M	$2.28B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,496.3	−0.053%	$272.3M	$606.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,496.8	−0.019%	$186.0M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,496.9	−0.014%	$407K	$530K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,497.9	+0.051%	$607K	$8.7M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,501.6	+0.297%	$772K	$147K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,497.1	−0.003%	$60.4M	$189.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,497.3	+0.013%	$406.2M	$847.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,496.8	−0.021%	$102.5M	$55.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,497.4	+0.019%	$163.1M	$290.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,496.9	−0.012%	—	$119.9M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,498	+0.057%	$2.3M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,499.4	+0.154%	$49.5M	$35.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,499.6	+0.169%	$548K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,499.1	+0.130%	$3.1M	$561K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,499	+0.129%	$412K	$955K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,497.7	+0.041%	$50K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,497.4	+0.019%	$371K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,497.1	+0.001%	$167K	$190K	20x	as long as short
SunX ZEC-USDTshort	+0.0100%	8h	1,499.7	+0.172%	$3K	$1.2M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,497.4	+0.018%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,497.6	+0.029%	$2.7M	$20.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,497.7	+0.041%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,496.7	−0.030%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,497.3	+0.015%	$43K	$157K	20x	as long as short
RISEx ZEC/USDClong	+0.0157%	1h	1,497.1	long leg	$987K	$1.2M	10x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0167% / S −0.0166%	1h	1,497.5	+0.023%	$340K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0264%	1h	1,498.1	+0.068%	$686K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,498.5	+0.094%	$3.9M	$9.8M	50x	as long as short