ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0482%/8h= +52.7% APRnext payment +$0.60 per $10,000 · paid last 24h +0.008%

Price spread now: Backpack against StandX−0.007%7-day average +0.371% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on StandX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.363%−$36 on $10k

Price spread, last 7 days−0.569%−$57 · spread now −0.007%, 7d avg +0.371%

Together, before fees−0.933%+ Points / potential airdropStandX: Active · farm board−$93 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.378% cheaper against StandX than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.371%). If the spread goes back, that is −$38 on $10k: about 2.6 days of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.363%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX ZEC-USD	1,473.3	0.0100	pay 0.0013% / 1h	43m 04s	$110K	$4.8M	30x
Short	Backpack ZEC_USDC_PERP	1,473.2	0.0582	get 0.0073% / 1h	43m 04s	$2.5M	$3.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against StandX. 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 StandXbpFee BackpackbpOrdersPrice spread, now −0.007%Rate

Funding earned: $101.13
Price spread: −0.007% → +0.371%: −$37.77
Slippage, 4 orders: −$15.05
Fee StandX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $30.31
Costs to cover: 0.330%
Break-even: 4.9 days

Slippage from StandX: live order book, 1 min ago; Backpack: live order book, 1 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 StandX live order book, 1 min ago	6.32 bp	10.7 bp −$11	12.5 bp −$125	doesn't fit	doesn't fit
Sell Backpack live order book, 1 min ago	0.03 bp	6.2 bp −$6	17.8 bp −$178	doesn't fit	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	−0.3321%	1h	1,474.8	+0.102%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0342%	1h	1,472.7	−0.039%	$17.9M	$43.2M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0134%	1h	1,469.9	−0.229%	$400K	$518K	5x	as long as short
BloFin ZEC-USDT	−0.0103%	8h	1,471.5	−0.124%	$29.7M	$73.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.1	−0.079%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0059%	8h	1,473.5	+0.014%	$47.7M	$34.4M	—	as long as short
Bybit ZECUSDT	−0.0035%	8h	1,471.9	−0.095%	$274.9M	$641.9M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,470.8	−0.167%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473.1	−0.015%	$960K	$5.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,471.9	−0.094%	$84K	$405K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.8	−0.036%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,472.5	−0.054%	$294K	$1.4M	20x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,472.1	−0.081%	$181.9M	$1.32B	50x	as long as short
Phoenix ZEC	+0.0054%	1h	1,475.9	+0.176%	$4.7M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.8	−0.033%	$378K	—	100x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,472.4	−0.059%	$8K	$8K	5x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,471.6	−0.115%	$174K	$1.9M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,471.3	−0.131%	$60K	$39K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,471.5	−0.124%	$14K	$841K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,472.7	−0.042%	$2.6M	$6.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.6	+0.022%	$764.7M	$459.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.3	−0.070%	$14.9M	$32.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472	−0.086%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.2	−0.075%	$684.1M	$2.41B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,472.9	−0.024%	$695K	$8.5M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,472.4	−0.060%	$51.5M	$178.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.3	−0.067%	$230.9M	$822.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.6	−0.048%	$105.1M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.2	−0.074%	$163.7M	$295.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,471.4	−0.125%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,474.6	+0.090%	$574K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473.4	+0.008%	$3.0M	$454K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,475.9	+0.177%	$432K	$859K	50x	as long as short
StandX ZEC-USDlong	+0.0100%	1h	1,473.3	long leg	$110K	$4.8M	30x
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471.2	−0.141%	$332K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.5	−0.052%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.8	−0.165%	$458K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.7	+0.099%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.5	−0.052%	$243K	$4.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.7	−0.106%	$2.5M	$21.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.3	−0.002%	$3.9M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,474.3	+0.072%	$897K	$28K	10x	as long as short
Lighter ZEC	+0.0104%	1h	1,474.2	+0.064%	$19.2M	$50.3M	20x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.8	−0.031%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.6	−0.044%	$76K	$170K	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,472.2	−0.077%	$841K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0328%	1h	1,473.8	+0.038%	$615K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,473.9	+0.042%	$3.8M	$10.4M	50x	as long as short
Backpack ZEC_USDC_PERPshort	+0.0582%	1h	1,473.2	−0.007%	$2.5M	$3.8M	15x
Lighter RH ZEC	+0.0760%	1h	1,475.1	+0.120%	$2.0M	$8.0M	10x	as long as short
Aftermath Perps ZECUSD	+0.0777%	1h	1,474	+0.052%	$44K	$48K	10x	as long as short