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Funding arb · Price arb /

ZEC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.025%
Price spread now: Bybit against SoDEX+0.004%56s7-day average −0.020% · 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−$250.255% of the position
Long on SoDEXShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.014%−$1 on $10k
Price spread, last 4 days (all we have)−0.685%−$68 · spread now +0.004%, 7d avg −0.020%
Together, before fees−0.699%−$70 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: Bybit is 0.024% dearer against SoDEX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.020%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ZEC-USD1,447.10.0100pay 0.0013% / 1h47m 22s$232K$3.4M10x
ShortBybit ZECUSDT1,447.20.0100get 0.0100% / 8h4h 47m$261.0M$602.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +0.004% → −0.020%
$2.43
Slippage, 4 orders
−$6.49
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$23.06
Costs to cover
0.255%
Break-even
never at this rate
Slippage from SoDEX: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago0.35 bp4.6 bp −$514.8 bp −$148103.0 bp −$10.3Kdoesn't fit
Sell Bybit live order book, 2 min ago0.04 bp8.3 bp −$810.1 bp −$10116.7 bp −$1,674doesn'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%1h1,448+0.060%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,447.6+0.035%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0074%8h1,446.4−0.045%$29.1M$70.3M75xas long as short
dYdX ZEC-USD0.0000%1h1,447−0.008%$407K$40K5xas long as short
Kalshi KXZECPERP0.0000%8h1,447.7+0.041%$1.5M$4.5M2.2xas long as short
Perpl ZEC0.0000%43m1,448.2+0.075%$83K$240K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,447.7+0.042%$5.1M—150xas long as short
Orderly PERP_ZEC_USDC+0.0058%8h1,447.2+0.008%$290K$958K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0064% / S −0.0015%1h1,448.2+0.077%$407K—100xas long as short
01 Exchange ZECUSD+0.0072%1h1,448.1+0.073%$8K$7K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,447.9+0.055%$173K$1.7M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,447.3+0.014%$10K$874K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,447.4+0.025%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,447.7+0.045%$2.5M$6.3M10xas long as short
Hyperliquid ZEC+0.0100%1h1,448.8+0.118%$753.5M$434.5M10xas long as short
Aster ZECUSDT+0.0100%8h1,447.8+0.048%$14.4M$27.7M75xas long as short
Pacifica ZEC+0.0100%1h1,447.5+0.026%$1.6M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,447.9+0.055%$664.1M$2.22B75xas long as short
Bybit ZECUSDTshort+0.0100%8h1,447.2+0.004%$261.0M$602.2M75x
OKX ZEC-USDT-SWAP+0.0100%8h1,447.7+0.040%$176.8M$1.22B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,445.7−0.096%$394K$442K5xas long as short
Bulk ZEC-USD+0.0100%1h1,449.4+0.162%$876K$23K10xas long as short
Gate ZEC_USDT+0.0100%8h1,447.8+0.051%$50.0M$172.5M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,447.9+0.053%$214.9M$768.3M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,447.8+0.050%$101.9M$54.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,447.7+0.039%$164.3M$273.9M75xas long as short
BingX ZEC-USDT+0.0100%8h1,447.9+0.054%—$100.6M—as long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,447.9+0.053%$2.5M$3.8M15xas long as short
Variational Omni ZEC+0.0100%8h1,447.2+0.004%$47.4M$32.8M—as long as short
edgeX ZECUSDC+0.0100%4h1,446.4−0.045%$563K$8.7M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,447.7+0.043%$3.0M$437K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,446.8−0.023%$402K$920K50xas long as short
StandX ZEC-USD+0.0100%1h1,448.1+0.066%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,447.7+0.042%$364K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,448.2+0.080%$160K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,446.4−0.050%$442K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,450.7+0.247%$3K$1.1M20xas long as short
SoDEX ZEC-USDlong+0.0100%1h1,447.1long leg$232K$3.4M10x
HTX ZEC-USDT+0.0100%8h1,446.4−0.051%$2.6M$18.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,447.4+0.019%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,447.5+0.031%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,447.1+0.002%$47K$151K20xas long as short
Phoenix ZEC+0.0123%1h1,448.9+0.126%$4.6M$1.3M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0259%1h1,447.8+0.051%$608K$1.3M25xas long as short
Kraken Futures PF_ZECUSD+0.0279%1h1,447−0.004%$17.9M$44.9M25xas long as short
Lighter ZEC+0.0368%1h1,448.7+0.112%$19.0M$45.9M20xas long as short
RISEx ZEC/USDC+0.0412%1h1,448.1+0.072%$931K$1.1M10xas long as short
Lighter RH ZEC+0.0424%1h1,449+0.132%$2.0M$6.9M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,449.3+0.155%$3.8M$9.0M50xas long as short
Arcus ZEC-USD+0.0626%1h1,449.7+0.178%$737K$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0670%1h1,449.2+0.148%$44K$49K10xas long as short