Funding arb · Price arb /

ZEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against StandX−0.184%50s7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.334% of the position

Long on StandX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.440%−$44 on $10k

Price spread, last 7 days+0.158%+$16 · spread now −0.184%, 7d avg −0.020%

Together, before fees−0.282%+ Points / potential airdropStandX: Active · Pacifica: Active · farm board−$28 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: Pacifica is 0.163% cheaper against StandX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.020%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX ZEC-USD	1,454.2	0.0100	pay 0.0013% / 1h	51m 39s	$109K	$4.8M	30x
Short	Pacifica ZEC	1,451.5	0.0100	get 0.0013% / 1h	51m 39s	$1.6M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.184%Rate

Funding earned: $0
Price spread: −0.184% → −0.020%: −$16.32
Slippage, 4 orders: −$17.41
Fee StandX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$49.73
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from StandX: live order book, 2 min ago; Pacifica: live order book, 2 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, 2 min ago	5.23 bp	9.4 bp −$9	11.2 bp −$112	doesn't fit	doesn't fit
Sell Pacifica live order book, 2 min ago	1.41 bp	7.1 bp −$7	doesn't fit	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	−0.3476%	1h	1,437.6	−1.142%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,451.6	−0.178%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,451	−0.219%	$17.6M	$44.7M	25x	as long as short
BloFin ZEC-USDT	−0.0067%	8h	1,453.9	−0.023%	$29.0M	$75.8M	75x	as long as short
Variational Omni ZEC	−0.0034%	8h	1,451.4	−0.194%	$45.5M	$32.3M	—	as long as short
Bybit ZECUSDT	−0.0012%	8h	1,451.4	−0.193%	$269.2M	$677.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451.4	−0.194%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,453.5	−0.050%	$848K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,451.7	−0.175%	$82K	$400K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,452.4	−0.127%	$566K	$1.3M	25x	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	1,451.5	−0.187%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0007%	8h	1,451.3	−0.202%	$291K	$1.5M	20x	as long as short
OKX ZEC-USDT-SWAP	+0.0035%	8h	1,451.5	−0.187%	$172.0M	$1.36B	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0039% / S +0.0063%	1h	1,451.4	−0.195%	$539K	—	100x	as long as short
Aster ZECUSDT	+0.0055%	8h	1,451.8	−0.168%	$15.2M	$35.2M	75x	as long as short
Gate ZEC_USDT	+0.0064%	8h	1,451.8	−0.168%	$49.1M	$185.3M	75x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,452.4	−0.123%	$8K	$8K	5x	as long as short
Ondo Perps ZEC-USD.P	+0.0090%	1h	1,449.8	−0.303%	$394K	$522K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,452.3	−0.131%	$17K	$886K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,452.3	−0.132%	$177K	$2.0M	50x	as long as short
MEXC ZEC_USDT	+0.0099%	8h	1,451.9	−0.160%	$218.2M	$880.3M	150x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,451.6	−0.177%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,452.9	−0.093%	$3.0M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,452	−0.152%	$750.7M	$492.8M	10x	as long as short
Pacifica ZECshort	+0.0100%	1h	1,451.5	−0.184%	$1.6M	$3.1M	10x
Binance ZECUSDT	+0.0100%	8h	1,451.6	−0.180%	$658.4M	$2.55B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,455	+0.052%	$896K	$37K	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,451.4	−0.196%	$103.5M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,451.8	−0.166%	$161.8M	$316.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,451.6	−0.180%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,451.6	−0.177%	$2.3M	$4.2M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,453.8	−0.027%	$488K	$9.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.9	−0.089%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,450.5	−0.254%	$705K	$604K	50x	as long as short
StandX ZEC-USDlong	+0.0100%	1h	1,454.2	long leg	$109K	$4.8M	30x
Polymarket Perps ZEC-USD	+0.0100%	1h	1,451.1	−0.214%	$298K	$2.1M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,451.3	−0.199%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,450.3	−0.272%	$441K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,457.6	+0.234%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,451.2	−0.205%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,451	−0.221%	$2.4M	$25.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,451.6	−0.183%	$3.7M	$5.5M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.3	−0.135%	$4.6M	$1.6M	10x	as long as short
Lighter ZEC	+0.0104%	1h	1,452.3	−0.133%	$18.7M	$53.8M	20x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,451.4	−0.192%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,452.6	−0.113%	$862K	$2.5M	10x	as long as short
Extended ZEC-USD	+0.0328%	1h	1,451.8	−0.164%	$3.3M	$7.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,453.4	−0.058%	$3.7M	$11.5M	50x	as long as short
Aftermath Perps ZECUSD	+0.0466%	1h	1,453.5	−0.050%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,454.1	−0.008%	$756K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0672%	1h	1,453.1	−0.079%	$1.9M	$8.4M	10x	as long as short