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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0316%/8h= +34.6% APRnext payment +$0.39 per $10,000 · paid last 24h +0.076%
Price spread now: Coinbase International against StandX+0.178%7-day average +0.119% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$400.396% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.054%−$5 on $10k
Price spread, last 4 days (all we have)+0.226%+$23 · spread now +0.178%, 7d avg +0.119%
Together, before fees+0.171%+ Points / potential airdropStandX: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.060% dearer against StandX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.119%. Mind the row above: over the last 7 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.054% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX ZEC-USD1,503.30.0100pay 0.0013% / 1h42m 58s$56K$4.6M30x
ShortCoinbase International ZEC-PERP-INTX1,5060.0416get 0.0052% / 1h42m 58s$3.7M$10.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$66.36
Price spread: +0.178% → +0.119%
$5.97
Slippage, 4 orders
−$21.63
Fee StandX: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$32.69
Costs to cover
0.396%
Break-even
3.6 days
Slippage from StandX: live order book, 1 min ago; Coinbase International: live order book, 1 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 StandX live order book, 1 min ago4.02 bp8.6 bp −$910.1 bp −$101doesn't fitdoesn't fit
Sell Coinbase International live order book, 1 min ago3.22 bp9.5 bp −$1014.0 bp −$14054.1 bp −$5,409doesn'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−0.3442%1h1,495.7−0.508%$37K$275K12xas long as short
Perpl ZEC−0.0447%43m1,504.1+0.049%$62K$304K10xas long as short
BloFin ZEC-USDT−0.0174%8h1,505.7+0.160%$31.0M$75.9M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,502.2−0.073%$6K$1K10xas long as short
Aftermath Perps ZECUSD−0.0060%1h1,499.4−0.261%$48K$59K10xas long as short
Bulk ZEC-USD−0.0053%1h1,497−0.419%$904K$2K10xas long as short
dYdX ZEC-USD0.0000%1h1,504.1+0.054%$418K$35K5xas long as short
Kalshi KXZECPERP0.0000%8h1,505.2+0.123%$1.5M$4.4M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,504.1+0.049%$5.3M150xas long as short
Kraken Futures PF_ZECUSD+0.0012%1h1,505.3+0.128%$18.1M$46.7M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ZEC_USDC-PERPETUAL+0.0012%1h1,505+0.111%$687K$1.4M25xas long as short
Orderly PERP_ZEC_USDC+0.0083%8h1,503.6+0.021%$303K$1.1M20xas long as short
Phoenix ZEC+0.0096%1h1,502.4−0.061%$4.8M$1.4M10xas long as short
Popdex ZECUSDT+0.0096%1h1,505+0.111%$176K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0098%8h1,505.4+0.140%$14K$878K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,504.3+0.063%$62K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,505.4+0.136%$3.1M$7.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,507+0.244%$787.6M$445.4M10xas long as short
Aster ZECUSDT+0.0100%8h1,504.3+0.062%$14.1M$31.1M75xas long as short
Pacifica ZEC+0.0100%1h1,504.4+0.074%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,504.5+0.079%$703.0M$2.31B75xas long as short
Bybit ZECUSDT+0.0100%8h1,504+0.042%$270.9M$624.0M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,504.4+0.070%$183.4M$1.34B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,502.8−0.035%$410K$563K5xas long as short
Gate ZEC_USDT+0.0100%8h1,505.4+0.138%$56.3M$182.8M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,505.4+0.140%$240.5M$792.1M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,505.2+0.122%$103.7M$57.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,505.8+0.164%$162.6M$289.6M75xas long as short
BingX ZEC-USDC+0.0100%8h1,505+0.110%$6.7Mas long as short
Variational Omni ZEC+0.0100%8h1,501.5−0.121%$49.0M$34.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,499.2−0.274%$574K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,500.8−0.166%$3.1M$507K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,499.8−0.236%$413K$945K50xas long as short
StandX ZEC-USDlong+0.0100%1h1,503.3long leg$56K$4.6M30x
Polymarket Perps ZEC-USD+0.0100%1h1,504.5+0.078%$360K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,503.9+0.036%$165K$184K20xas long as short
Derive ZEC-PERP+0.0100%1h1,503−0.022%$459K$500K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,506.1+0.182%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,504.6+0.081%$256K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,503.8+0.031%$2.7M$20.5M75xas long as short
Phemex ZECUSDT+0.0100%8h1,505.4+0.136%$4.0M$4.9M50xas long as short
Extended ZEC-USD+0.0104%1h1,504.6+0.082%$2.8M$7.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,503.7+0.028%$43K$151K20xas long as short
01 Exchange ZECUSD+0.0112%1h1,505.5+0.142%$8K$6K5xas long as short
RISEx ZEC/USDC+0.0128%1h1,505.2+0.121%$946K$1.1M10xas long as short
Lighter RH ZEC+0.0152%1h1,506.4+0.205%$2.1M$7.4M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0160% / S −0.0195%1h1,503.9+0.035%$438K100xas long as short
Lighter ZEC+0.0224%1h1,507+0.247%$19.8M$45.2M20xas long as short
Arcus ZEC-USD+0.0403%1h1,505.5+0.143%$607K$8.8M10xas long as short
Coinbase International ZEC-PERP-INTXshort+0.0416%1h1,506+0.178%$3.7M$10.2M50x
Backpack ZEC_USDC_PERP+0.0531%1h1,506+0.174%$2.4M$3.9M15xas long as short