Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.003%

Price spread now: OKX against 01 Exchange−0.155%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 OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. OKX is 0.155% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.155% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 14 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	1,506	0.0064	pay 0.0008% / 1h	19m 35s	$8K	$7K	5x
Short	OKX ZEC-USDT-SWAP	1,503.7	0.0100	get 0.0100% / 8h	2h 19m	$181.4M	$1.27B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.155%Rate

Funding earned: $7.56
Price spread: −0.155% → 0.000%: −$15.47
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$24.91
Costs to cover: 0.170%
Break-even: 30.1 days

Slippage unknown: 01 Exchange: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.03 bp	5.6 bp −$6	8.6 bp −$86	19.2 bp −$1,915	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 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	−0.3243%	1h	1,493	−0.865%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0108%	8h	1,493.9	−0.809%	$30.3M	$72.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,510.3	+0.281%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,506.8	+0.050%	$419K	$36K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,504.1	−0.127%	$1.7M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,502.5	−0.232%	$86K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,508.8	+0.181%	$5.4M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0064%	8h	1,507.5	+0.098%	$304K	$897K	20x	as long as short
01 Exchange ZECUSDlong	+0.0064%	1h	1,506	long leg	$8K	$7K	5x
Phoenix ZEC	+0.0092%	1h	1,496	−0.668%	$4.8M	$1.3M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,504.8	−0.084%	$140K	$1.7M	50x	as long as short
Bybit ZECUSDT	+0.0098%	8h	1,504	−0.133%	$272.6M	$608.4M	75x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,507.3	+0.084%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,504.2	−0.124%	$2.9M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,504.7	−0.089%	$786.7M	$430.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,505.4	−0.041%	$14.8M	$28.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,507.3	+0.087%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,504.9	−0.078%	$698.5M	$2.21B	75x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0100%	8h	1,503.7	−0.155%	$181.4M	$1.27B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,502.6	−0.228%	$403K	$488K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	−1.777%	$894K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,505.8	−0.017%	$54.7M	$176.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,506.2	+0.010%	$231.4M	$771.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,508.7	+0.173%	$106.1M	$53.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,503.3	−0.181%	$168.8M	$273.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,505.3	−0.048%	—	$113.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,494.7	−0.755%	$48.9M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,492.9	−0.870%	$562K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,481.5	−1.631%	$3.0M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,481.5	−1.631%	$410K	$927K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,506.5	+0.029%	$53K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,504.2	−0.122%	$371K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,509.2	+0.210%	$166K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,507.5	+0.094%	$460K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,510	+0.261%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,510.5	+0.293%	$250K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,509.1	+0.202%	$2.6M	$19.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,510.5	+0.297%	$4.0M	$4.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,505.8	−0.015%	$13K	$847K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0101% / S −0.0074%	1h	1,508.5	+0.165%	$399K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,505.4	−0.043%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,508.6	+0.171%	$46K	$153K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,508.1	+0.133%	$2.2M	$7.2M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0142%	1h	1,510.5	+0.297%	$18.4M	$45.9M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,505.4	−0.043%	$947K	$1.1M	10x	as long as short
Lighter ZEC	+0.0200%	1h	1,508.5	+0.161%	$19.8M	$44.6M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0443%	1h	1,512.2	+0.407%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,512.9	+0.455%	$3.7M	$9.7M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,505.6	−0.027%	$622K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0746%	1h	1,483.4	−1.506%	$49K	$58K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0896%	1h	1,510.3	+0.284%	$645K	$1.3M	25x	as long as short