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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%
Price spread now: Bulk against SunX−0.158%7-day average −0.130% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1251.252% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.054%−$5 on $10k
Price spread, last 4 days (all we have)−0.198%−$20 · spread now −0.158%, 7d avg −0.130%
Together, before fees−0.252%−$25 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: Bulk is 0.028% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.130%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEC-USDT1,459.90.0100pay 0.0100% / 8h4h 04m$3K$1.1M20x
ShortBulk ZEC-USD1,457.50.0100get 0.0013% / 1h4m 23s$880K$18K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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
$0
Price spread: −0.158% → −0.130%
−$2.81
Slippage, 4 orders
−$110.23
Fee SunX: 4 bp × 2 orders
−$8
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$128.05
Costs to cover
1.252%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; Bulk: live order book, 55 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 bp50.6 bp −$51doesn't fitdoesn't fitdoesn't fit
Sell Bulk live order book, 55 min ago0.03 bp3.5 bp −$43.5 bp −$359.1 bp −$90518.3 bp −$9,159

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−0.3166%1h1,458.2−0.116%$34K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,458−0.124%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0070%8h1,457.6−0.156%$29.6M$70.9M75xas long as short
dYdX ZEC-USD0.0000%1h1,457.1−0.192%$410K$37K5xas long as short
Kalshi KXZECPERP0.0000%8h1,458.7−0.078%$1.5M$4.5M2.2xas long as short
Perpl ZEC0.0000%43m1,457.8−0.142%$83K$240K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,459.5−0.026%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0063%8h1,459.5−0.026%$292K$952K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0071% / S −0.0022%1h1,459.3−0.035%$410K100xas long as short
01 Exchange ZECUSD+0.0080%1h1,459.3−0.037%$8K$7K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,458.6−0.086%$173K$1.7M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,458.7−0.082%$11K$857K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,458.2−0.110%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,459−0.056%$2.9M$6.7M10xas long as short
Hyperliquid ZEC+0.0100%1h1,460.6+0.051%$759.7M$431.5M10xas long as short
Aster ZECUSDT+0.0100%8h1,458.5−0.091%$14.8M$27.9M75xas long as short
Pacifica ZEC+0.0100%1h1,458.2−0.114%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,459.6−0.016%$670.5M$2.21B75xas long as short
Bybit ZECUSDT+0.0100%8h1,459−0.055%$262.0M$602.1M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,459.6−0.017%$178.1M$1.22B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,456.7−0.216%$396K$441K5xas long as short
Bulk ZEC-USDshort+0.0100%1h1,457.5−0.158%$880K$18K10x
Gate ZEC_USDT+0.0100%8h1,459.4−0.033%$50.6M$175.4M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,459.4−0.031%$216.3M$776.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,459.4−0.032%$103.0M$54.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,459.9+0.003%$166.0M$271.0M75xas long as short
BingX ZEC-USDT+0.0100%8h1,459.5−0.026%$105.8Mas long as short
Variational Omni ZEC+0.0100%8h1,457.3−0.172%$47.8M$32.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,456.1−0.257%$567K$8.6M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,457.2−0.180%$3.0M$451K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,456.5−0.228%$404K$942K50xas long as short
StandX ZEC-USD+0.0100%1h1,457−0.198%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,459.2−0.045%$354K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,459.3−0.035%$160K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,458.3−0.104%$445K$521K6.7xas long as short
SunX ZEC-USDTlong+0.0100%8h1,459.9long leg$3K$1.1M20x
SoDEX ZEC-USD+0.0100%1h1,459.5−0.021%$234K$3.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,457.1−0.186%$2.7M$18.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,459.6−0.015%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,459.4−0.028%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,459.3−0.036%$47K$151K20xas long as short
Phoenix ZEC+0.0123%1h1,459−0.059%$4.6M$1.3M10xas long as short
Backpack ZEC_USDC_PERP+0.0178%1h1,457.9−0.133%$2.4M$3.9M15xas long as short
Lighter ZEC+0.0240%1h1,460.7+0.060%$19.2M$46.0M20xas long as short
Kraken Futures PF_ZECUSD+0.0276%1h1,459.5−0.021%$18.0M$45.2M25xas long as short
Lighter RH ZEC+0.0320%1h1,460.8+0.062%$2.1M$7.0M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0381%1h1,460.4+0.040%$616K$1.3M25xas long as short
RISEx ZEC/USDC+0.0412%1h1,458.4−0.097%$923K$1.1M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,459.5−0.025%$3.8M$9.1M50xas long as short
Arcus ZEC-USD+0.0626%1h1,459.4−0.030%$677K$8.2M10xas long as short
Aftermath Perps ZECUSD+0.0681%1h1,458.9−0.068%$45K$49K10xas long as short