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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0207%/8h= −22.6% APRnext payment $2.07 per $10,000 · paid last 24h −0.071%
Price spread now: BloFin against SunX−0.151%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1301.304% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.441%−$44 on $10k
Price spread, last 3 days (all we have)+0.315%+$32 · spread now −0.151%, 7d avg −0.088%
Together, before fees−0.126%−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BloFin is 0.063% cheaper against SunX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.088%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEC-USDT1,474.60.0100pay 0.0100% / 8h4m 22s$3K$1.2M20x
ShortBloFin ZEC-USDT1,472.4−0.0107pay 0.0107% / 8h4m 22s$29.6M$74.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
−$43.39
Price spread: −0.151% → −0.088%
−$6.27
Slippage, 4 orders
−$110.42
Fee SunX: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$180.08
Costs to cover
1.304%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; BloFin: live order book, 5 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 SunX live order book, 9 min ago29.03 bp50.7 bp −$51doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago0.03 bp6.0 bp −$68.1 bp −$8115.9 bp −$1,591doesn'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−0.3089%1h1,473.7−0.058%$34K$275K12xas long as short
Ondo Perps ZEC-USD.P−0.0264%1h1,471.7−0.195%$399K$521K5xas long as short
Kraken Futures PF_ZECUSD−0.0225%1h1,472.7−0.127%$17.9M$43.9M25xas long as short
Bybit ZECUSDT−0.0116%8h1,473.7−0.061%$275.3M$650.9M75xas long as short
BloFin ZEC-USDTshort−0.0107%8h1,472.4−0.151%$29.6M$74.8M75x
Hotstuff ZEC-PERP−0.0080%1h1,473.6−0.066%$6K$2K10xas long as short
Variational Omni ZEC−0.0062%8h1,470.9−0.250%$47.7M$34.5Mas long as short
dYdX ZEC-USD0.0000%1h1,473.5−0.073%$415K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,472.6−0.136%$959K$5.6M2.2xas long as short
Perpl ZEC0.0000%43m1,473.5−0.072%$84K$406K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,474.7+0.008%$5.2M150xas long as short
01 Exchange ZECUSD+0.0008%1h1,474.1−0.035%$8K$8K5xas long as short
Orderly PERP_ZEC_USDC+0.0016%8h1,474.1−0.035%$295K$1.4M20xas long as short
Phoenix ZEC+0.0024%1h1,473.2−0.094%$4.7M$1.6M10xas long as short
ApeX Omni ZECUSDT+0.0035%1h1,472.7−0.127%$432K$845K50xas long as short
OKX ZEC-USDT-SWAP+0.0038%8h1,474−0.040%$182.1M$1.34B50xas long as short
Gate ZEC_USDT+0.0049%8h1,474.4−0.013%$51.3M$187.9M75xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,472.7−0.124%$372K100xas long as short
Lighter ZEC+0.0096%1h1,475.6+0.067%$19.2M$52.6M20xas long as short
Popdex ZECUSDT+0.0096%1h1,473.8−0.050%$175K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0097%8h1,474.4−0.014%$19K$851K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,474−0.040%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,474.8+0.012%$2.6M$6.8M10xas long as short
Hyperliquid ZEC+0.0100%1h1,475.5+0.066%$764.4M$472.6M10xas long as short
Aster ZECUSDT+0.0100%8h1,474.3−0.018%$15.0M$32.5M75xas long as short
Pacifica ZEC+0.0100%1h1,474.5−0.007%$1.7M$2.9M10xas long as short
Binance ZECUSDT+0.0100%8h1,474.4−0.011%$684.6M$2.45B75xas long as short
Arcus ZEC-USD+0.0100%1h1,475.1+0.033%$697K$8.4M10xas long as short
Bulk ZEC-USD+0.0100%1h1,472.8−0.122%$896K$38K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,474.2−0.025%$228.6M$846.8M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,473.9−0.043%$104.7M$56.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,474.4−0.013%$164.0M$301.0M75xas long as short
BingX ZEC-USDC+0.0100%8h1,473.3−0.087%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,472.1−0.166%$513K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,474.4−0.011%$3.0M$454K10xas long as short
StandX ZEC-USD+0.0100%1h1,472.8−0.123%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,474−0.039%$335K$1.9M10xas long as short
Bullet ZEC-USD+0.0100%1h1,474.2−0.024%$128K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,472.6−0.134%$459K$508K6.7xas long as short
SunX ZEC-USDTlong+0.0100%8h1,474.6long leg$3K$1.2M20x
SoDEX ZEC-USD+0.0100%1h1,472.4−0.145%$238K$4.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,471.2−0.227%$2.5M$22.6M75xas long as short
Phemex ZECUSDT+0.0100%8h1,473.1−0.102%$3.9M$5.4M50xas long as short
Extended ZEC-USD+0.0104%1h1,474.5−0.005%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,474.5−0.003%$37K$366K20xas long as short
RISEx ZEC/USDC+0.0132%1h1,474.8+0.014%$838K$1.3M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0140%1h1,473.5−0.071%$615K$1.3M25xas long as short
Backpack ZEC_USDC_PERP+0.0392%1h1,474.1−0.034%$2.5M$3.8M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0432%1h1,474.2−0.025%$3.8M$10.6M50xas long as short
Lighter RH ZEC+0.0448%1h1,476.2+0.112%$2.0M$8.4M10xas long as short
Aftermath Perps ZECUSD+0.0769%1h1,474.2−0.024%$46K$47K10xas long as short