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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:20 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.031%
Price spread now: Perpl against SoDEX−0.040%7-day average −0.066% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.171%−$17 on $10k
Price spread, last 3 days (all we have)−0.622%−$62 · spread now −0.040%, 7d avg −0.066%
Together, before fees−0.793%+ Points / potential airdropPerpl: Active · farm board−$79 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Perpl is 0.026% dearer against SoDEX than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.066%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ZEC-USD1,457.90.0100pay 0.0013% / 1h27m 13s$221K$4.7M10x
ShortPerpl ZEC1,457.30get 0.0000% / 43m14m 13s$83K$401K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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
−$21
Price spread: −0.040% → −0.066%
$2.58
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$40.22
Costs to cover
0.218%
Break-even
never at this rate
Slippage unknown: SoDEX: live order book, 2 min ago; Perpl: 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 2 min ago0.17 bp6.3 bp −$616.9 bp −$169106.6 bp −$10.7Kdoesn't fit
Sell Perpl no order-book sample
Perpl: 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 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−0.3476%1h1,433.1−1.699%$33K$275K12xas long as short
BloFin ZEC-USDT−0.0085%8h1,458+0.005%$28.8M$75.5M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,458.5+0.038%$6K$2K10xas long as short
Kraken Futures PF_ZECUSD−0.0071%1h1,457.7−0.017%$17.7M$44.7M25xas long as short
Variational Omni ZEC−0.0001%8h1,443−1.020%$45.4M$32.5Mas long as short
dYdX ZEC-USD0.0000%1h1,457.8−0.006%$411K$106K5xas long as short
Kalshi KXZECPERP0.0000%8h1,460+0.145%$917K$5.7M2.2xas long as short
Perpl ZECshort0.0000%43m1,457.3−0.040%$83K$401K10x
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,458.4+0.035%$593K$1.3M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,457.7−0.013%$5.2M150xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZECUSDT+0.0011%8h1,458+0.008%$268.3M$675.8M75xas long as short
Orderly PERP_ZEC_USDC+0.0016%8h1,457.7−0.013%$292K$1.5M20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0026% / S +0.0072%1h1,457.1−0.054%$547K100xas long as short
OKX ZEC-USDT-SWAP+0.0058%8h1,458.4+0.031%$172.9M$1.36B50xas long as short
01 Exchange ZECUSD+0.0064%1h1,457.4−0.036%$8K$8K5xas long as short
Gate ZEC_USDT+0.0078%8h1,458.2+0.019%$49.4M$189.9M75xas long as short
Aster ZECUSDT+0.0090%8h1,458+0.008%$15.4M$34.6M75xas long as short
Katana Perps ZEC-USD+0.0095%8h1,456.7−0.082%$13K$872K10xas long as short
Lighter ZEC+0.0096%1h1,459.5+0.111%$18.8M$54.5M20xas long as short
Popdex ZECUSDT+0.0096%1h1,457.1−0.056%$173K$2.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,458.5+0.040%$60K$37K10xas long as short
Nado ZEC-PERP+0.0100%1h1,457.3−0.043%$2.5M$7.1M10xas long as short
Hyperliquid ZEC+0.0100%1h1,458.7+0.054%$753.9M$496.8M10xas long as short
Pacifica ZEC+0.0100%1h1,458.1+0.015%$1.6M$3.0M10xas long as short
Binance ZECUSDT+0.0100%8h1,458.4+0.033%$664.8M$2.53B75xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,441.6−1.119%$392K$516K5xas long as short
Bulk ZEC-USD+0.0100%1h1,445−0.885%$890K$32K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,458.4+0.033%$217.7M$894.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,458.3+0.025%$103.4M$57.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,458.2+0.019%$161.3M$313.3M75xas long as short
BingX ZEC-USDC+0.0100%8h1,457.2−0.049%$6.8Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,458.6+0.050%$2.3M$4.1M15xas long as short
edgeX ZECUSDC+0.0100%4h1,444.1−0.947%$485K$9.8M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,445.8−0.833%$3.0M$501K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,445.6−0.842%$702K$608K50xas long as short
StandX ZEC-USD+0.0100%1h1,456.1−0.125%$109K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,457−0.062%$351K$2.0M10xas long as short
Bullet ZEC-USD+0.0100%1h1,457−0.061%$127K$161K20xas long as short
Derive ZEC-PERP+0.0100%1h1,456.3−0.110%$443K$493K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,459.4+0.101%$3K$1.3M20xas long as short
SoDEX ZEC-USDlong+0.0100%1h1,457.9long leg$221K$4.7M10x
HTX ZEC-USDT+0.0100%8h1,458.4+0.034%$2.4M$25.0M75xas long as short
Phemex ZECUSDT+0.0100%8h1,458.3+0.027%$3.8M$5.4M50xas long as short
Phoenix ZEC+0.0103%1h1,452.1−0.401%$4.5M$1.6M10xas long as short
Extended ZEC-USD+0.0104%1h1,457.90.000%$3.3M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,457.7−0.011%$36K$362K20xas long as short
RISEx ZEC/USDC+0.0219%1h1,458+0.007%$870K$1.9M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0440%1h1,459.2+0.088%$3.7M$11.4M50xas long as short
Aftermath Perps ZECUSD+0.0454%1h1,452.1−0.397%$39K$32K10xas long as short
Arcus ZEC-USD+0.0518%1h1,459.6+0.113%$746K$8.0M10xas long as short
Lighter RH ZEC+0.0680%1h1,460.2+0.157%$2.0M$8.5M10xas long as short