Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: Bullet against SoDEX−0.121%52s7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$220.225% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.015%+$1 on $10k
Price spread, last 4 days (all we have)−0.595%−$59 · spread now −0.121%, 7d avg −0.016%
Together, before fees−0.580%−$58 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.105% cheaper against SoDEX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.016%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ZEC-USD1,452.20.0100pay 0.0013% / 1h43m 29s$232K$3.4M10x
ShortBullet ZEC-USD1,450.40.0100get 0.0013% / 1h43m 29s$159K$185K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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

Funding earned
$0
Price spread: −0.121% → −0.016%
−$10.49
Slippage, 4 orders
−$6.46
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$32.95
Costs to cover
0.225%
Break-even
never at this rate
Slippage from SoDEX: live order book, 1 min ago; Bullet: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 1 min ago0.07 bp4.2 bp −$414.3 bp −$143100.0 bp −$10.0Kdoesn't fit
Sell Bullet live order book, 15 min ago1.72 bp7.2 bp −$711.9 bp −$119doesn't fitdoesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3166%1h1,449.7−0.167%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,451.9−0.020%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0071%8h1,449.9−0.156%$29.2M$70.5M75xas long as short
dYdX ZEC-USD0.0000%1h1,451.1−0.071%$409K$40K5xas long as short
Kalshi KXZECPERP0.0000%8h1,450.2−0.134%$1.5M$4.4M2.2xas long as short
Perpl ZEC0.0000%43m1,450.6−0.107%$83K$240K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,450.4−0.120%$5.1M150xas long as short
Orderly PERP_ZEC_USDC+0.0059%8h1,452.2+0.002%$291K$958K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0065% / S −0.0015%1h1,451.6−0.040%$408K100xas long as short
01 Exchange ZECUSD+0.0072%1h1,450.7−0.097%$8K$7K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,450.8−0.095%$174K$1.7M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,450.7−0.102%$11K$874K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,450.9−0.086%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,450.7−0.100%$2.5M$6.3M10xas long as short
Hyperliquid ZEC+0.0100%1h1,451.4−0.052%$754.7M$434.7M10xas long as short
Aster ZECUSDT+0.0100%8h1,450.8−0.093%$14.4M$27.7M75xas long as short
Pacifica ZEC+0.0100%1h1,450.9−0.085%$1.6M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,450.9−0.090%$665.9M$2.22B75xas long as short
Bybit ZECUSDT+0.0100%8h1,450.4−0.121%$261.1M$602.7M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,450.8−0.095%$177.1M$1.22B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,448.7−0.238%$394K$444K5xas long as short
Bulk ZEC-USD+0.0100%1h1,450.7−0.100%$875K$29K10xas long as short
Gate ZEC_USDT+0.0100%8h1,450.5−0.112%$49.9M$173.0M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,450.5−0.117%$215.3M$769.1M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,450.8−0.094%$102.1M$54.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,450.5−0.117%$164.7M$274.0M75xas long as short
BingX ZEC-USDC+0.0100%8h1,451−0.080%$6.7Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,453.1+0.064%$2.5M$3.8M15xas long as short
Variational Omni ZEC+0.0100%8h1,447.3−0.331%$47.4M$32.8Mas long as short
edgeX ZECUSDC+0.0100%4h1,447.5−0.322%$563K$8.7M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,450.6−0.109%$3.0M$437K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,449.9−0.156%$403K$921K50xas long as short
StandX ZEC-USD+0.0100%1h1,451.4−0.055%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,450.2−0.134%$365K$1.8M10xas long as short
Bullet ZEC-USDshort+0.0100%1h1,450.4−0.121%$159K$185K20x
Derive ZEC-PERP+0.0100%1h1,451−0.079%$443K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,454.5+0.161%$3K$1.2M20xas long as short
SoDEX ZEC-USDlong+0.0100%1h1,452.2long leg$232K$3.4M10x
HTX ZEC-USDT+0.0100%8h1,450.9−0.090%$2.6M$18.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,451.7−0.029%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,450.4−0.123%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,451.8−0.022%$47K$151K20xas long as short
Phoenix ZEC+0.0123%1h1,451.4−0.052%$4.6M$1.3M10xas long as short
Kraken Futures PF_ZECUSD+0.0278%1h1,452.1−0.005%$18.0M$44.9M25xas long as short
Lighter ZEC+0.0336%1h1,452.1−0.007%$19.1M$45.9M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0350%1h1,452.8+0.044%$610K$1.3M25xas long as short
RISEx ZEC/USDC+0.0412%1h1,450.9−0.084%$920K$1.1M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,453.2+0.074%$3.8M$9.0M50xas long as short
Lighter RH ZEC+0.0464%1h1,452.5+0.027%$2.0M$6.9M10xas long as short
Arcus ZEC-USD+0.0626%1h1,450.1−0.143%$738K$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0667%1h1,450−0.146%$44K$49K10xas long as short