Funding you earn now, next payment 23:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.002%
Price spread now: Backpack against SunX−0.091%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1291.292% of the position
Funding, last 7 days−0.401%−$40 on $10k
+Price spread, last 3 days (all we have)−0.202%−$20 · spread now −0.091%, 7d avg −0.102%
=The price spread sits at its 7-day average of −0.102%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.401%, 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 | SunX ZEC-USDT | 1,468.4 | 0.0100 | pay 0.0100% / 8h | 1h 15m | $3K | $1.2M | 20x |
| Short | Backpack ZEC_USDC_PERP | 1,467 | 0.0171 | get 0.0021% / 1h | 15m 32s | $2.4M | $3.7M | 15x |
SunX ZEC-USDT
Backpack ZEC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $15
- Price spread: −0.091% → −0.102%
- $1.1
- Slippage, 4 orders
- −$111.19
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$113.1
- Costs to cover
- 1.292%
- Break-even
- 59.8 days
Slippage from SunX: live order book, 8 min ago; Backpack: live order book, 4 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 SunX live order book, 8 min ago | 29.04 bp | 48.7 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 4 min ago | 0.03 bp | 6.3 bp −$6 | 21.9 bp −$219 | 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 | −0.3310% | 1h | 1,466.7 | −0.114% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,466.3 | −0.141% | $17.8M | $44.6M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0239% | 1h | 1,463 | −0.366% | $397K | $514K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0099% | 8h | 1,463.1 | −0.358% | $29.2M | $75.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,466.4 | −0.138% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0067% | 8h | 1,466.2 | −0.151% | $271.2M | $666.3M | 75x | as long as short |
| Variational Omni ZEC | −0.0030% | 8h | 1,462.2 | −0.417% | $46.6M | $33.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,465.7 | −0.184% | $413K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,466 | −0.159% | $884K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,465.9 | −0.172% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow 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 | 1,466.4 | −0.133% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0011% | 8h | 1,466.4 | −0.138% | $292K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0037% / S +0.0009% | 1h | 1,466.4 | −0.136% | $355K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0044% | 8h | 1,466.2 | −0.148% | $176.9M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0045% | 8h | 1,466.1 | −0.157% | $49.8M | $186.8M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,466.9 | −0.102% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,465.1 | −0.223% | $4.6M | $1.6M | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0084% | 1h | 1,463.5 | −0.331% | $429K | $823K | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,466.3 | −0.144% | $174K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,467 | −0.095% | $14K | $824K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,466.1 | −0.153% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,466.3 | −0.142% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,467.5 | −0.059% | $761.4M | $478.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,466.2 | −0.146% | $15.6M | $32.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466.8 | −0.104% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,466.4 | −0.135% | $676.1M | $2.47B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,463.9 | −0.302% | $903K | $27K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,466.4 | −0.136% | $222.2M | $867.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,466.2 | −0.146% | $103.7M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466.5 | −0.130% | $162.6M | $304.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,466.2 | −0.151% | — | $102.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,464 | −0.299% | $509K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,464.3 | −0.277% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465 | −0.232% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,466 | −0.161% | $344K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,466 | −0.160% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,464.8 | −0.241% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDTlong | +0.0100% | 8h | 1,468.4 | long leg | $3K | $1.2M | 20x | |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466.3 | −0.142% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,463.5 | −0.331% | $2.5M | $23.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,466.5 | −0.127% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.5 | −0.129% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,466.1 | −0.155% | $37K | $366K | 20x | as long as short |
| Lighter ZEC | +0.0128% | 1h | 1,467.7 | −0.045% | $19.0M | $52.7M | 20x | as long as short |
| Backpack ZEC_USDC_PERPshort | +0.0171% | 1h | 1,467 | −0.091% | $2.4M | $3.7M | 15x | |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,466.7 | −0.114% | $842K | $1.3M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0211% | 1h | 1,467.3 | −0.070% | $597K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0408% | 1h | 1,468.3 | −0.007% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,467 | −0.093% | $3.7M | $11.4M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,467.4 | −0.067% | $726K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0582% | 1h | 1,466.1 | −0.156% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
Phoenix ZEC
ApeX Omni ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD