Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against SunX−0.381%7-day average −0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1311.307% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.281%+$28 · spread now −0.381%, 7d avg −0.153%

Together, before fees+0.281%+ Points / potential airdropedgeX: 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: edgeX is 0.228% cheaper against SunX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.153%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEC-USDT	1,476.5	0.0100	pay 0.0100% / 8h	57m 02s	$3K	$1.2M	20x
Short	edgeX ZECUSDC	1,470.8	0.0100	get 0.0050% / 4h	57m 02s	$513K	$9.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.381%Rate

Funding earned: $0
Price spread: −0.381% → −0.153%: −$22.76
Slippage, 4 orders: −$113.68
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$153.43
Costs to cover: 1.307%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; edgeX: 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 SunX live order book, 7 min ago	29.02 bp	51.1 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	0.75 bp	5.2 bp −$5	8.7 bp −$87	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	−0.3089%	1h	1,474	−0.169%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0272%	1h	1,472.6	−0.261%	$398K	$517K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0224%	1h	1,475	−0.101%	$18.0M	$45.0M	25x	as long as short
BloFin ZEC-USDT	−0.0110%	8h	1,474.6	−0.128%	$29.5M	$75.8M	75x	as long as short
Bybit ZECUSDT	−0.0081%	8h	1,474.2	−0.156%	$273.5M	$665.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,474.1	−0.160%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0037%	8h	1,468.5	−0.541%	$46.8M	$33.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.7	−0.188%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,474.6	−0.122%	$898K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473.8	−0.179%	$84K	$404K	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	1,474.5	−0.133%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0009%	8h	1,474.3	−0.144%	$295K	$1.4M	20x	as long as short
SoDEX ZEC-USD	+0.0031%	1h	1,474.6	−0.123%	$227K	$4.5M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0038% / S +0.0009%	1h	1,474.5	−0.132%	$366K	—	100x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,473.8	−0.177%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0041%	8h	1,474.5	−0.130%	$180.0M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0046%	8h	1,474.6	−0.123%	$50.4M	$183.6M	75x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0071%	1h	1,475.1	−0.090%	$615K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0075%	1h	1,470.8	−0.383%	$4.6M	$1.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,473.3	−0.216%	$177K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,473.8	−0.183%	$12K	$828K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.4	−0.205%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,474.4	−0.136%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,476	−0.030%	$765.9M	$479.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,474.7	−0.119%	$15.6M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,474.2	−0.150%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474.8	−0.112%	$681.6M	$2.47B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,474.4	−0.141%	$715K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,471.1	−0.361%	$908K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,474.6	−0.123%	$225.7M	$827.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,474.8	−0.113%	$104.3M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,474.9	−0.105%	$163.2M	$303.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,474.5	−0.133%	—	$102.5M	—	as long as short
edgeX ZECUSDCshort	+0.0100%	4h	1,470.8	−0.381%	$513K	$9.2M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,471	−0.371%	$3.0M	$482K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.7	−0.257%	$432K	$827K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.1	−0.296%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,473.9	−0.173%	$348K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,473.9	−0.170%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.8	−0.247%	$449K	$502K	6.7x	as long as short
SunX ZEC-USDTlong	+0.0100%	8h	1,476.5	long leg	$3K	$1.2M	20x
HTX ZEC-USDT	+0.0100%	8h	1,473.8	−0.183%	$2.5M	$23.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,475	−0.100%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,474.8	−0.110%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,474.5	−0.130%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,473.9	−0.171%	$835K	$1.3M	10x	as long as short
Lighter ZEC	+0.0136%	1h	1,476.4	−0.003%	$19.1M	$52.1M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,476.8	+0.025%	$3.8M	$11.5M	50x	as long as short
Lighter RH ZEC	+0.0472%	1h	1,477	+0.035%	$2.0M	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0618%	1h	1,472.4	−0.273%	$41K	$34K	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0645%	1h	1,475.7	−0.050%	$2.4M	$3.7M	15x	as long as short