Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0205%/8h= −22.4% APRpaid last 24h −0.060%

Price spread now: BloFin against SoDEX+0.029%7-day average +0.006% · 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−$20as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on SoDEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.148%−$15 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.029%, 7d avg +0.006%

Together, before fees−0.231%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.022% dearer against SoDEX than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of +0.006%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZEC-USD	1,467.5	0.0100	pay 0.0013% / 1h	46m 59s	$237K	$4.5M	10x
Short	BloFin ZEC-USDT	1,468	−0.0105	pay 0.0105% / 8h	46m 59s	$29.4M	$75.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SoDEX. 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 SoDEXbpFee BloFinbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$42.99
Price spread: +0.029% → +0.006%: $2.24
Slippage, 4 orders: −$2.42
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$63.18
Costs to cover: 0.224%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 min ago; BloFin: live order book, 7 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 SoDEX live order book, 2 min ago	0.03 bp	4.9 bp −$5	15.9 bp −$159	104.5 bp −$10.4K	doesn't fit
Sell BloFin live order book, 7 min ago	0.07 bp	6.1 bp −$6	7.5 bp −$75	13.8 bp −$1,377	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	−0.3089%	1h	1,472.8	+0.360%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0226%	1h	1,467.6	+0.007%	$17.8M	$44.3M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0210%	1h	1,468.5	+0.065%	$399K	$515K	5x	as long as short
ApeX Omni ZECUSDT	−0.0190%	1h	1,472.5	+0.335%	$432K	$830K	50x	as long as short
BloFin ZEC-USDTshort	−0.0105%	8h	1,468	+0.029%	$29.4M	$75.3M	75x
Bybit ZECUSDT	−0.0094%	8h	1,467.6	+0.003%	$273.1M	$657.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,471.4	+0.260%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0040%	8h	1,471.8	+0.290%	$46.8M	$33.6M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,471.3	+0.257%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,471.8	+0.292%	$903K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,470.4	+0.196%	$84K	$404K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,468.4	+0.057%	$612K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,468.5	+0.067%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0010%	8h	1,467.6	+0.005%	$293K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.1	+0.377%	$4.6M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0035%	8h	1,467.5	−0.005%	$180.0M	$1.34B	50x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,470.5	+0.198%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0042%	8h	1,467.7	+0.012%	$50.5M	$184.5M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0011%	1h	1,468.7	+0.079%	$365K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,469.3	+0.123%	$19.0M	$52.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,469.9	+0.164%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,470.7	+0.218%	$11K	$830K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,470	+0.167%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,471.1	+0.243%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.8	+0.086%	$761.5M	$475.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467.6	+0.004%	$15.1M	$32.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,471.1	+0.241%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,468.4	+0.057%	$680.3M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,471.7	+0.286%	$719K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472	+0.304%	$908K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,468	+0.031%	$224.5M	$832.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,468	+0.034%	$103.7M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,468	+0.031%	$162.4M	$302.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,468.3	+0.048%	—	$102.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,473	+0.370%	$513K	$9.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473.8	+0.426%	$3.0M	$466K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472	+0.303%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,470.2	+0.181%	$346K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,468.5	+0.065%	$127K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,466.2	−0.092%	$447K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472.5	+0.335%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USDlong	+0.0100%	1h	1,467.5	long leg	$237K	$4.5M	10x
HTX ZEC-USDT	+0.0100%	8h	1,467.2	−0.022%	$2.5M	$23.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,468.5	+0.066%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,468.3	+0.050%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,468	+0.029%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,470.8	+0.224%	$834K	$1.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0410%	1h	1,468.2	+0.042%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,469.9	+0.160%	$3.8M	$10.9M	50x	as long as short
Lighter RH ZEC	+0.0528%	1h	1,470	+0.168%	$2.0M	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0652%	1h	1,472.8	+0.360%	$46K	$47K	10x	as long as short