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

ZEC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0218%/8h= −23.8% APRnext payment $0.27 per $10,000 · paid last 24h −0.023%
Price spread now: Ondo Perps against StandX−0.024%51s7-day average −0.063% · 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 7 days−0.025%−$3 on $10k
Price spread, last 4 days (all we have)+0.236%+$24 · spread now −0.024%, 7d avg −0.063%
Together, before fees+0.211%+ Points / potential airdropStandX: Active · Ondo Perps: Active · farm board+$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.039% dearer against StandX than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.063%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.025% in total) that is about 11 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.27 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-USD1,4670.0100pay 0.0013% / 1h10m 45s$80K$4.7M30x
ShortOndo Perps ZEC-USD.P1,466.6−0.0118pay 0.0015% / 1h10m 45s$398K$517K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against StandX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$45.7
Price spread: −0.024% → −0.063%
$3.88
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$54.81
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: StandX: live order book, 3 min ago; Ondo Perps: 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 StandX live order book, 3 min ago4.70 bp8.9 bp −$910.6 bp −$106doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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−0.3321%1h1,467.7+0.048%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0343%1h1,467.2+0.016%$17.9M$43.1M25xas long as short
Ondo Perps ZEC-USD.Pshort−0.0118%1h1,466.6−0.024%$398K$517K5x
BloFin ZEC-USDT−0.0116%8h1,467.7+0.048%$29.7M$72.4M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,466.6−0.027%$6K$2K10xas long as short
Variational Omni ZEC−0.0021%8h1,466.4−0.040%$47.6M$33.6Mas long as short
dYdX ZEC-USD0.0000%1h1,466.4−0.037%$413K$103K5xas long as short
01 Exchange ZECUSD0.0000%1h1,466.3−0.048%$8K$9K5xas long as short
Kalshi KXZECPERP0.0000%8h1,467.3+0.021%$958K$5.2M2.2xas long as short
Perpl ZEC0.0000%43m1,466.4−0.035%$83K$405K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,467.2+0.014%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0020%8h1,466.9−0.001%$293K$1.1M20xas long as short
Phoenix ZEC+0.0054%1h1,469.7+0.187%$4.6M$1.6M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,467.2+0.014%$377K100xas long as short
OKX ZEC-USDT-SWAP+0.0062%8h1,467.1+0.012%$181.3M$1.29B50xas long as short
Popdex ZECUSDT+0.0096%1h1,466.3−0.045%$173K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,467+0.001%$12K$847K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,467.3+0.022%$60K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,466.8−0.011%$2.6M$6.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,468.2+0.085%$762.7M$454.8M10xas long as short
Aster ZECUSDT+0.0100%8h1,467.2+0.016%$14.9M$31.4M75xas long as short
Pacifica ZEC+0.0100%1h1,467.6+0.046%$1.7M$2.8M10xas long as short
Binance ZECUSDT+0.0100%8h1,467.4+0.032%$682.1M$2.36B75xas long as short
Bybit ZECUSDT+0.0100%8h1,467.2+0.019%$273.0M$629.2M75xas long as short
Arcus ZEC-USD+0.0100%1h1,468.9+0.130%$699K$8.6M10xas long as short
Bulk ZEC-USD+0.0100%1h1,465.9−0.073%$892K$22K10xas long as short
Gate ZEC_USDT+0.0100%8h1,467.3+0.025%$50.3M$181.7M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,467.3+0.021%$226.5M$829.4M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,467.4+0.032%$104.0M$55.6M75xas long as short
Bitget ZECUSDT+0.0100%8h1,467.3+0.027%$163.2M$290.2M75xas long as short
BingX ZEC-USDC+0.0100%8h1,466.2−0.050%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,466.3−0.043%$570K$9.2M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,467.2+0.020%$3.0M$447K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,466.1−0.061%$426K$881K50xas long as short
StandX ZEC-USDlong+0.0100%1h1,467long leg$80K$4.7M30x
Polymarket Perps ZEC-USD+0.0100%1h1,466.7−0.017%$339K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,466.8−0.008%$128K$158K20xas long as short
Derive ZEC-PERP+0.0100%1h1,465.4−0.107%$457K$509K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,468.4+0.099%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,467.2+0.016%$242K$3.9M10xas long as short
HTX ZEC-USDT+0.0100%8h1,467.2+0.017%$2.5M$19.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,467.6+0.044%$3.8M$5.3M50xas long as short
Extended ZEC-USD+0.0104%1h1,4670.000%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,467.1+0.011%$54K$164K20xas long as short
RISEx ZEC/USDC+0.0228%1h1,467.9+0.067%$852K$1.0M10xas long as short
Lighter ZEC+0.0240%1h1,469+0.141%$19.1M$50.5M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0395%1h1,468.1+0.081%$604K$1.3M25xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,468.6+0.114%$3.7M$9.6M50xas long as short
Backpack ZEC_USDC_PERP+0.0507%1h1,468+0.070%$2.5M$3.9M15xas long as short
Lighter RH ZEC+0.0720%1h1,469.3+0.162%$2.0M$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0761%1h1,467.9+0.066%$43K$46K10xas long as short