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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.008%
Price spread now: StandX against Variational Omni−0.028%57s7-day average +0.041% · 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 3 days (all we have)+0.015%+$1 on $10k
Price spread, last 7 days+0.026%+$3 · spread now −0.028%, 7d avg +0.041%
Together, before fees+0.040%+ Points / potential airdropVariational Omni: Active · StandX: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. StandX is 0.070% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.041%). If the spread goes back, that is −$7 on $10k: about 48 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.015% in total) that is about 15 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ZEC1,451.4−0.0017get 0.0017% / 8h2h 36m$45.5M$32.1M
ShortStandX ZEC-USD1,4510.0100get 0.0013% / 1h36m 37s$109K$4.8M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Variational Omni. 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
$24.61
Price spread: −0.028% → +0.041%
−$6.97
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee StandX: 4 bp × 2 orders
−$8
Net
$9.64
Costs to cover
0.080%
Break-even
4.3 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; StandX: live order book, 2 min ago. 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 Variational Omni RFQ quote, 3 min ago2.76 bpdoesn't fit6.7 bp −$6715.9 bp −$1,594doesn't fit
Sell StandX live order book, 2 min ago4.76 bp9.1 bp −$912.3 bp −$123doesn'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−0.3476%1h1,438.1−0.914%$33K$275K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,451.1−0.019%$6K$2K10xas long as short
Kraken Futures PF_ZECUSD−0.0072%1h1,451.1−0.017%$17.7M$44.3M25xas long as short
BloFin ZEC-USDT−0.0066%8h1,451.6+0.014%$28.8M$74.8M75xas long as short
Variational Omni ZEClong−0.0017%8h1,451.4long leg$45.5M$32.1M
dYdX ZEC-USD0.0000%1h1,449−0.162%$408K$106K5xas long as short
Kalshi KXZECPERP0.0000%8h1,452.4+0.067%$899K$5.6M2.2xas long as short
Perpl ZEC0.0000%43m1,451.8+0.025%$82K$401K10xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,451.9+0.033%$591K$1.3M25xas long as short
Bybit ZECUSDT+0.0002%8h1,449.9−0.106%$268.4M$675.4M75xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,451.3−0.004%$5.1M150xas long as short
Orderly PERP_ZEC_USDC+0.0013%8h1,451.3−0.006%$291K$1.5M20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0032% / S +0.0069%1h1,451.1−0.023%$544K100xas long as short
OKX ZEC-USDT-SWAP+0.0053%8h1,450.3−0.073%$171.8M$1.35B50xas long as short
Gate ZEC_USDT+0.0069%8h1,450.3−0.075%$49.1M$186.7M75xas long as short
01 Exchange ZECUSD+0.0072%1h1,451.1−0.022%$8K$8K5xas long as short
Aster ZECUSDT+0.0075%8h1,450−0.096%$15.2M$34.6M75xas long as short
Katana Perps ZEC-USD+0.0094%8h1,450.8−0.042%$13K$872K10xas long as short
Lighter ZEC+0.0096%1h1,451−0.024%$18.7M$54.1M20xas long as short
Popdex ZECUSDT+0.0096%1h1,450.8−0.039%$177K$2.0M50xas long as short
Ondo Perps ZEC-USD.P+0.0098%1h1,449.8−0.110%$394K$519K5xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,449.9−0.106%$60K$37K10xas long as short
Nado ZEC-PERP+0.0100%1h1,451.3−0.010%$3.0M$6.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,450.3−0.075%$750.8M$489.7M10xas long as short
Pacifica ZEC+0.0100%1h1,449.9−0.101%$1.6M$3.1M10xas long as short
Binance ZECUSDT+0.0100%8h1,450.9−0.036%$660.3M$2.53B75xas long as short
Bulk ZEC-USD+0.0100%1h1,452.5+0.076%$895K$33K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,450−0.096%$220.0M$888.0M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,449.8−0.113%$103.4M$56.6M75xas long as short
Bitget ZECUSDT+0.0100%8h1,449.8−0.110%$161.3M$312.7M75xas long as short
BingX ZEC-USDT+0.0100%8h1,449.9−0.104%$105.4Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,451.7+0.018%$2.3M$4.1M15xas long as short
edgeX ZECUSDC+0.0100%4h1,450.9−0.034%$487K$9.7M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,452.1+0.050%$3.0M$501K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,451.9+0.035%$706K$607K50xas long as short
StandX ZEC-USDshort+0.0100%1h1,451−0.028%$109K$4.8M30x
Polymarket Perps ZEC-USD+0.0100%1h1,451.5+0.007%$297K$2.0M10xas long as short
Bullet ZEC-USD+0.0100%1h1,451.5+0.006%$127K$161K20xas long as short
Derive ZEC-PERP+0.0100%1h1,449.9−0.101%$441K$493K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,454.3+0.203%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,451.3−0.007%$220K$4.7M10xas long as short
HTX ZEC-USDT+0.0100%8h1,452.1+0.046%$2.4M$24.8M75xas long as short
Phemex ZECUSDT+0.0100%8h1,451.5+0.009%$3.7M$5.3M50xas long as short
Phoenix ZEC+0.0103%1h1,452.3+0.065%$4.6M$1.6M10xas long as short
Extended ZEC-USD+0.0104%1h1,449.7−0.114%$3.3M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,451.4−0.002%$36K$362K20xas long as short
RISEx ZEC/USDC+0.0219%1h1,451.5+0.009%$863K$1.9M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0440%1h1,453.4+0.140%$3.7M$11.4M50xas long as short
Aftermath Perps ZECUSD+0.0446%1h1,452.4+0.067%$39K$32K10xas long as short
Arcus ZEC-USD+0.0518%1h1,452.6+0.080%$757K$7.9M10xas long as short
Lighter RH ZEC+0.0744%1h1,452+0.044%$1.9M$8.4M10xas long as short