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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:03 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.041%
Price spread now: Perpl against SunX−0.433%7-day average −0.161% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.217%−$22 on $10k
Price spread, last 3 days (all we have)+0.225%+$22 · spread now −0.433%, 7d avg −0.161%
Together, before fees+0.008%+ Points / potential airdropPerpl: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.272% cheaper against SunX than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.161%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEC-USDT1,463.60.0100pay 0.0100% / 8h1h 50m$4K$1.3M20x
ShortPerpl ZEC1,457.30get 0.0000% / 43m20m 25s$83K$401K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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
−$21
Price spread: −0.433% → −0.161%
−$27.24
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$70.04
Costs to cover
0.218%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 3 min ago; Perpl: no order-book sample. Net counts fees only.

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, 3 min ago29.06 bp49.5 bp −$50doesn't fitdoesn't fitdoesn't fit
Sell Perpl no order-book sample
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h1,462.9−0.048%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0406%1h1,461.7−0.135%$17.8M$44.7M25xas long as short
Ondo Perps ZEC-USD.P−0.0105%1h1,458.3−0.365%$397K$515K5xas long as short
BloFin ZEC-USDT−0.0094%8h1,459−0.314%$29.1M$75.3M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,458.1−0.379%$6K$2K10xas long as short
Bybit ZECUSDT−0.0045%8h1,460.7−0.204%$269.4M$678.3M75xas long as short
Variational Omni ZEC−0.0023%8h1,459.1−0.308%$46.4M$34.1Mas long as short
ApeX Omni ZECUSDT−0.0002%1h1,461.6−0.143%$429K$817K50xas long as short
dYdX ZEC-USD0.0000%1h1,458.8−0.333%$411K$106K5xas long as short
Kalshi KXZECPERP0.0000%8h1,460.7−0.198%$934K$5.6M2.2xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ZECshort0.0000%43m1,457.3−0.433%$83K$401K10x
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,462.2−0.099%$595K$1.3M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,457.5−0.417%$5.2M150xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0009% / S +0.0078%1h1,457.1−0.444%$557K100xas long as short
Orderly PERP_ZEC_USDC+0.0015%8h1,460.9−0.189%$292K$1.5M20xas long as short
OKX ZEC-USDT-SWAP+0.0052%8h1,461.4−0.156%$174.7M$1.36B50xas long as short
Bulk ZEC-USD+0.0054%1h1,460.6−0.210%$899K$25K10xas long as short
01 Exchange ZECUSD+0.0056%1h1,458.4−0.361%$8K$8K5xas long as short
Gate ZEC_USDT+0.0058%8h1,457.3−0.437%$49.5M$183.7M75xas long as short
Phoenix ZEC+0.0075%1h1,467+0.229%$4.6M$1.6M10xas long as short
Katana Perps ZEC-USD+0.0096%8h1,458.2−0.369%$14K$862K10xas long as short
Lighter ZEC+0.0096%1h1,459.6−0.277%$18.8M$52.3M20xas long as short
Popdex ZECUSDT+0.0096%1h1,457.7−0.406%$172K$1.9M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,457.3−0.434%$60K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,458.7−0.336%$2.5M$7.0M10xas long as short
Hyperliquid ZEC+0.0100%1h1,459.1−0.310%$755.9M$489.8M10xas long as short
Aster ZECUSDT+0.0100%8h1,457.2−0.441%$15.3M$33.6M75xas long as short
Pacifica ZEC+0.0100%1h1,458.6−0.341%$1.6M$3.1M10xas long as short
Binance ZECUSDT+0.0100%8h1,457−0.451%$668.3M$2.52B75xas long as short
MEXC ZEC_USDT+0.0100%8h1,457.9−0.394%$220.1M$852.0M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,457.7−0.405%$102.9M$56.7M75xas long as short
Bitget ZECUSDT+0.0100%8h1,461.4−0.150%$161.8M$309.3M75xas long as short
BingX ZEC-USDC+0.0100%8h1,456.9−0.463%$6.8Mas long as short
edgeX ZECUSDC+0.0100%4h1,461.1−0.172%$509K$9.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,466.2+0.178%$3.0M$492K10xas long as short
StandX ZEC-USD+0.0100%1h1,460.4−0.225%$109K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,457.9−0.392%$343K$2.0M10xas long as short
Bullet ZEC-USD+0.0100%1h1,457.3−0.434%$127K$160K20xas long as short
Derive ZEC-PERP+0.0100%1h1,459.2−0.303%$446K$503K6.7xas long as short
SunX ZEC-USDTlong+0.0100%8h1,463.6long leg$4K$1.3M20x
SoDEX ZEC-USD+0.0100%1h1,461.2−0.169%$222K$4.6M10xas long as short
HTX ZEC-USDT+0.0100%8h1,459−0.317%$2.4M$24.1M75xas long as short
Phemex ZECUSDT+0.0100%8h1,459.3−0.297%$3.8M$5.4M50xas long as short
Extended ZEC-USD+0.0104%1h1,461.9−0.120%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,461.4−0.154%$36K$367K20xas long as short
RISEx ZEC/USDC+0.0190%1h1,458.6−0.346%$840K$1.8M10xas long as short
Backpack ZEC_USDC_PERP+0.0253%1h1,459.9−0.253%$2.3M$4.0M15xas long as short
Lighter RH ZEC+0.0416%1h1,459.9−0.256%$2.0M$8.2M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0424%1h1,463.7+0.007%$3.7M$11.6M50xas long as short
Arcus ZEC-USD+0.0444%1h1,459.6−0.277%$746K$8.1M10xas long as short
Aftermath Perps ZECUSD+0.0515%1h1,462.6−0.074%$40K$34K10xas long as short