Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0663%/8h= +72.6% APRpaid last 24h +0.154%

Price spread now: Aftermath Perps against SunX−0.081%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.081% cheaper against SunX than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 10 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEC-USDT	1,475.1	0.0100	pay 0.0100% / 8h	10m 01s	$3K	$1.2M	20x
Short	Aftermath Perps ZECUSD	1,473.9	0.0763	get 0.0095% / 1h	10m 01s	$46K	$47K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against SunX. 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 SunXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.081%Rate

Funding earned: $139.17
Price spread: −0.081% → 0.000%: −$8.06
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $114.1
Costs to cover: 0.170%
Break-even: 1.3 days

Slippage unknown: SunX: live order book, 4 min ago; Aftermath 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 4 min ago	29.03 bp	50.7 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3089%	1h	1,473.8	−0.088%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0254%	1h	1,472	−0.212%	$400K	$521K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,472.9	−0.148%	$17.9M	$44.2M	25x	as long as short
Bybit ZECUSDT	−0.0113%	8h	1,472.1	−0.202%	$274.8M	$651.8M	75x	as long as short
BloFin ZEC-USDT	−0.0107%	8h	1,472.3	−0.191%	$29.6M	$74.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.3	−0.121%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0058%	8h	1,472.3	−0.191%	$47.5M	$34.3M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.2	−0.131%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473.4	−0.119%	$961K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473	−0.144%	$84K	$406K	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	1,473.4	−0.119%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,473.2	−0.129%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,472.7	−0.163%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.5	−0.107%	$4.7M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,472.7	−0.163%	$181.5M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0049%	8h	1,472.4	−0.182%	$51.2M	$187.7M	75x	as long as short
ApeX Omni ZECUSDT	+0.0049%	1h	1,472	−0.214%	$431K	$843K	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.9	−0.149%	$372K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0083%	1h	1,473.9	−0.081%	$615K	$1.3M	25x	as long as short
Lighter ZEC	+0.0096%	1h	1,474.2	−0.059%	$19.2M	$52.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,473	−0.146%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,473.9	−0.083%	$19K	$851K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.6	−0.170%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.7	−0.099%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.8	−0.089%	$763.5M	$473.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.5	−0.176%	$15.0M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,473.6	−0.105%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.7	−0.164%	$683.6M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,474.1	−0.072%	$698K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,473.5	−0.110%	$896K	$39K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.5	−0.180%	$226.9M	$845.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.8	−0.160%	$104.6M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.6	−0.170%	$163.7M	$300.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,471.9	−0.221%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.5	−0.245%	$513K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473.4	−0.114%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.8	−0.092%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.6	−0.171%	$335K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.4	−0.188%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,471.2	−0.265%	$459K	$498K	6.7x	as long as short
SunX ZEC-USDTlong	+0.0100%	8h	1,475.1	long leg	$3K	$1.2M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,472.8	−0.159%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.6	−0.236%	$2.5M	$22.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472.4	−0.186%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,473.2	−0.128%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,473.1	−0.139%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,473.7	−0.094%	$829K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0406%	1h	1,473.4	−0.119%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,475.3	+0.010%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0440%	1h	1,475	−0.009%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSDshort	+0.0763%	1h	1,473.9	−0.081%	$46K	$47K	10x