Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.005%

Price spread now: GRVT against 01 Exchange−0.351%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.351% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.351% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 33 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ZECUSD	1,478.2	0.0064	pay 0.0008% / 1h	30m 54s	$8K	$9K	5x
Short	GRVT ZEC_USDT_Perp	1,473	0.0100	get 0.0100% / 8h	6h 30m	$3.0M	$443K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against 01 Exchange. 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 01 ExchangebpFee GRVTbpOrdersPrice spread, now −0.351%Rate

Funding earned: $7.56
Price spread: −0.351% → 0.000%: −$35.11
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$43.55
Costs to cover: 0.160%
Break-even: 47.3 days

Slippage unknown: 01 Exchange: no order-book sample; GRVT: live order book, 3 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell GRVT live order book, 3 min ago	1.39 bp	6.0 bp −$6	7.2 bp −$72	doesn't fit	doesn't fit

01 Exchange: 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 50 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	−0.3678%	1h	1,473.5	−0.320%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,477	−0.080%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0012%	1h	1,471.7	−0.439%	$400K	$517K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,477	−0.083%	$18.1M	$43.6M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,476.3	−0.127%	$416K	$55K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,477.8	−0.027%	$977K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,477.3	−0.058%	$84K	$258K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,476.9	−0.088%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0027%	8h	1,476.8	−0.094%	$295K	$1.1M	20x	as long as short
Variational Omni ZEC	+0.0040%	8h	1,476.4	−0.123%	$48.0M	$33.0M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,476.8	−0.095%	$386K	—	100x	as long as short
01 Exchange ZECUSDlong	+0.0064%	1h	1,478.2	long leg	$8K	$9K	5x
Phoenix ZEC	+0.0070%	1h	1,474.3	−0.263%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0095%	8h	1,478.3	+0.004%	$181.8M	$1.28B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,477.5	−0.047%	$174K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,477.1	−0.073%	$16K	$840K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,476.4	−0.121%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,477.7	−0.031%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,478.3	+0.009%	$769.5M	$444.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,477.7	−0.031%	$14.9M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,476.9	−0.090%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,478.5	+0.022%	$683.0M	$2.34B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,478.2	−0.001%	$272.7M	$622.3M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.5	−0.521%	$893K	$19K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,478.2	+0.002%	$50.2M	$175.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,478.4	+0.012%	$218.3M	$798.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,478.1	−0.007%	$104.0M	$56.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,478.3	+0.005%	$164.3M	$284.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,477.4	−0.057%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.3	−0.469%	$572K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perpshort	+0.0100%	8h	1,473	−0.351%	$3.0M	$443K	10x
ApeX Omni ZECUSDT	+0.0100%	1h	1,471.9	−0.428%	$428K	$907K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,476.4	−0.122%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,477.4	−0.053%	$340K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,477.1	−0.075%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,475.3	−0.194%	$459K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,479.9	+0.113%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,476.8	−0.093%	$243K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,476.2	−0.137%	$2.6M	$19.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,477.2	−0.065%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,478.1	−0.007%	$3.2M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,476.9	−0.086%	$48K	$167K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0243%	1h	1,477.6	−0.040%	$615K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,478.2	+0.004%	$682K	$8.7M	10x	as long as short
Lighter ZEC	+0.0264%	1h	1,478.9	+0.049%	$19.3M	$48.1M	20x	as long as short
Lighter RH ZEC	+0.0296%	1h	1,479	+0.053%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,478.1	−0.003%	$868K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,478.9	+0.047%	$3.7M	$9.6M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0515%	1h	1,477.9	−0.020%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0721%	1h	1,473.4	−0.324%	$44K	$46K	10x	as long as short