Funding arb · Price arb /

ZEC

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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: Nado against SunX+0.012%48s7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1281.279% of the position

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 3 days (all we have)+0.015%+$1 · spread now +0.012%, 7d avg −0.070%

Together, before fees+0.020%+ Points / potential airdropNado: Active · 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: Nado is 0.082% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.070%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEC-USDT	1,474.6	0.0100	pay 0.0100% / 8h	4m 26s	$3K	$1.2M	20x
Short	Nado ZEC-PERP	1,474.8	0.0100	get 0.0012% / 1h	4m 26s	$2.6M	$6.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.070%: $8.22
Slippage, 4 orders: −$112.88
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$119.66
Costs to cover: 1.279%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Nado: live order book, 5 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, 9 min ago	29.03 bp	50.7 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	0.03 bp	4.2 bp −$4	10.5 bp −$105	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	1,473.7	−0.058%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0264%	1h	1,471.7	−0.195%	$399K	$521K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,472.7	−0.127%	$17.9M	$43.9M	25x	as long as short
Bybit ZECUSDT	−0.0116%	8h	1,473.7	−0.061%	$275.3M	$650.9M	75x	as long as short
BloFin ZEC-USDT	−0.0107%	8h	1,472.4	−0.151%	$29.6M	$74.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.6	−0.066%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0062%	8h	1,470.9	−0.250%	$47.7M	$34.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.5	−0.073%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.6	−0.136%	$959K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473.5	−0.072%	$84K	$406K	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	1,474.7	+0.008%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,474.1	−0.035%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0016%	8h	1,474.1	−0.035%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.2	−0.094%	$4.7M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0035%	1h	1,472.7	−0.127%	$432K	$845K	50x	as long as short
OKX ZEC-USDT-SWAP	+0.0038%	8h	1,474	−0.040%	$182.1M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0049%	8h	1,474.4	−0.013%	$51.3M	$187.9M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.7	−0.124%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,475.6	+0.067%	$19.2M	$52.6M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,473.8	−0.050%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,474.4	−0.014%	$19K	$851K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,474	−0.040%	$61K	$39K	10x	as long as short
Nado ZEC-PERPshort	+0.0100%	1h	1,474.8	+0.012%	$2.6M	$6.8M	10x
Hyperliquid ZEC	+0.0100%	1h	1,475.5	+0.066%	$764.4M	$472.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,474.3	−0.018%	$15.0M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,474.5	−0.007%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474.4	−0.011%	$684.6M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,475.1	+0.033%	$697K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.8	−0.122%	$896K	$38K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,474.2	−0.025%	$228.6M	$846.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473.9	−0.043%	$104.7M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,474.4	−0.013%	$164.0M	$301.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,473.3	−0.087%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,472.1	−0.166%	$513K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.4	−0.011%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.8	−0.123%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474	−0.039%	$335K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,474.2	−0.024%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.6	−0.134%	$459K	$508K	6.7x	as long as short
SunX ZEC-USDTlong	+0.0100%	8h	1,474.6	long leg	$3K	$1.2M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,472.4	−0.145%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.2	−0.227%	$2.5M	$22.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.1	−0.102%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,474.5	−0.005%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,474.5	−0.003%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,474.8	+0.014%	$838K	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0140%	1h	1,473.5	−0.071%	$615K	$1.3M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0392%	1h	1,474.1	−0.034%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,474.2	−0.025%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0448%	1h	1,476.2	+0.112%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0769%	1h	1,474.2	−0.024%	$46K	$47K	10x	as long as short