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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.060%
Price spread now: Hyperliquid against SunX−0.145%7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1311.307% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.056%+$6 on $10k
Price spread, last 3 days (all we have)−0.078%−$8 · spread now −0.145%, 7d avg −0.083%
Together, before fees−0.022%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 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: Hyperliquid is 0.062% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.083%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEC-USDT1,472.50.0100pay 0.0100% / 8h1h 01m$3K$1.2M20x
ShortHyperliquid ZEC1,470.40.0100get 0.0013% / 1h1m 47s$763.0M$479.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: −0.145% → −0.083%
−$6.24
Slippage, 4 orders
−$113.68
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$136.92
Costs to cover
1.307%
Break-even
never at this rate
Slippage from SunX: live order book, 2 min ago; Hyperliquid: live order book, 12 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, 2 min ago29.02 bp51.1 bp −$51doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 12 min ago0.34 bp5.2 bp −$57.6 bp −$76doesn't fitdoesn'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−0.3310%1h1,474+0.098%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0403%1h1,469.3−0.223%$17.9M$44.9M25xas long as short
Ondo Perps ZEC-USD.P−0.0266%1h1,470.5−0.138%$398K$517K5xas long as short
BloFin ZEC-USDT−0.0108%8h1,470.9−0.109%$29.4M$75.6M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,470.7−0.127%$6K$2K10xas long as short
Bybit ZECUSDT−0.0078%8h1,468.8−0.252%$272.2M$665.8M75xas long as short
Variational Omni ZEC−0.0036%8h1,470.8−0.120%$46.7M$33.4Mas long as short
dYdX ZEC-USD0.0000%1h1,469.4−0.210%$414K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,470.5−0.135%$897K$5.6M2.2xas long as short
Perpl ZEC0.0000%43m1,469.8−0.184%$83K$404K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,469.7−0.193%$598K$1.3M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,469.5−0.207%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0009%8h1,468.9−0.249%$294K$1.4M20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0038% / S +0.0009%1h1,469.3−0.221%$359K100xas long as short
OKX ZEC-USDT-SWAP+0.0038%8h1,469.3−0.222%$178.3M$1.35B50xas long as short
Gate ZEC_USDT+0.0045%8h1,469−0.238%$50.1M$187.7M75xas long as short
01 Exchange ZECUSD+0.0064%1h1,470.4−0.146%$8K$8K5xas long as short
Phoenix ZEC+0.0075%1h1,473.5+0.067%$4.6M$1.6M10xas long as short
Popdex ZECUSDT+0.0096%1h1,469.8−0.183%$175K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0097%8h1,470.4−0.146%$12K$823K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,469−0.238%$60K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,471.1−0.095%$2.6M$6.8M10xas long as short
Hyperliquid ZECshort+0.0100%1h1,470.4−0.145%$763.0M$479.2M10x
Aster ZECUSDT+0.0100%8h1,469.1−0.234%$15.6M$32.4M75xas long as short
Pacifica ZEC+0.0100%1h1,469.9−0.181%$1.7M$2.9M10xas long as short
Binance ZECUSDT+0.0100%8h1,469.6−0.199%$678.2M$2.47B75xas long as short
Bulk ZEC-USD+0.0100%1h1,467.7−0.325%$906K$27K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,469.2−0.224%$221.5M$873.7M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,469.3−0.218%$103.7M$55.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,469.3−0.217%$162.5M$303.9M75xas long as short
BingX ZEC-USDC+0.0100%8h1,468.5−0.274%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,472.1−0.027%$513K$9.3M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,471.8−0.048%$3.0M$482K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,469.2−0.228%$431K$826K50xas long as short
StandX ZEC-USD+0.0100%1h1,471.9−0.043%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,469.3−0.219%$346K$1.9M10xas long as short
Bullet ZEC-USD+0.0100%1h1,468.8−0.252%$127K$160K20xas long as short
Derive ZEC-PERP+0.0100%1h1,467.4−0.346%$447K$502K6.7xas long as short
SunX ZEC-USDTlong+0.0100%8h1,472.5long leg$3K$1.2M20x
SoDEX ZEC-USD+0.0100%1h1,468.9−0.247%$226K$4.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,469−0.240%$2.5M$23.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,469.6−0.202%$3.8M$5.3M50xas long as short
Extended ZEC-USD+0.0104%1h1,469.1−0.231%$3.3M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,468.5−0.272%$37K$366K20xas long as short
Lighter ZEC+0.0112%1h1,470.8−0.118%$19.0M$52.8M20xas long as short
RISEx ZEC/USDC+0.0190%1h1,470.4−0.147%$833K$1.3M10xas long as short
Backpack ZEC_USDC_PERP+0.0210%1h1,469.5−0.206%$2.4M$3.7M15xas long as short
Lighter RH ZEC+0.0400%1h1,471.4−0.075%$2.0M$8.3M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0424%1h1,471.2−0.092%$3.8M$11.5M50xas long as short
Arcus ZEC-USD+0.0444%1h1,471.6−0.060%$718K$8.2M10xas long as short
Aftermath Perps ZECUSD+0.0609%1h1,470.3−0.153%$41K$34K10xas long as short