ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.018%

Price spread now: Backpack against Aevo+0.031%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$600.600% of the position

Long on Aevo Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 4 days (all we have)−0.512%−$51 · spread now +0.031%, 7d avg −0.003%

Together, before fees−0.739%−$74 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Backpack is 0.033% dearer against Aevo than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.227%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZEC-PERP	1,465.9	0.0104	pay 0.0013% / 1h	59m 34s	$47K	$151K	20x
Short	Backpack ZEC_USDC_PERP	1,466.4	0.0312	get 0.0039% / 1h	59m 34s	$2.4M	$3.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aevo. 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 AevobpFee BackpackbpOrdersPrice spread, now +0.031%Rate

Funding earned: $43.64
Price spread: +0.031% → −0.003%: $3.31
Slippage, 4 orders: −$33.99
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$13.04
Costs to cover: 0.600%
Break-even: 9.1 days

Slippage from Aevo: live order book, 54 min ago; Backpack: 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 Aevo live order book, 54 min ago	15.35 bp	23.6 bp −$24	23.7 bp −$237	doesn't fit	doesn't fit
Sell Backpack live order book, 5 min ago	0.03 bp	5.5 bp −$6	16.2 bp −$162	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	−0.3042%	1h	1,463	−0.201%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,466.7	+0.050%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0072%	8h	1,463.3	−0.183%	$29.7M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,465.5	−0.028%	$407K	$37K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,464.6	−0.088%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,466	+0.005%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,465.6	−0.020%	$8K	$7K	5x	as long as short
Ondo Perps ZEC-USD.P	+0.0043%	1h	1,462.4	−0.241%	$397K	$436K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0055%	1h	1,467	+0.071%	$617K	$1.3M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,466.1	+0.008%	$293K	$900K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0091% / S −0.0043%	1h	1,466	+0.002%	$437K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,465.5	−0.028%	$174K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,466.4	+0.033%	$14K	$799K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,466.9	+0.067%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,466.1	+0.012%	$2.9M	$6.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,465.8	−0.010%	$14.5M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,466.9	+0.066%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,465.6	−0.022%	$675.6M	$2.17B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,464.9	−0.070%	$262.1M	$586.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,464.9	−0.073%	$178.9M	$1.21B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,462.8	−0.213%	$884K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,466.5	+0.039%	$52.6M	$169.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,466.6	+0.043%	$218.5M	$756.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,466.2	+0.016%	$103.3M	$52.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,466.9	+0.063%	$166.7M	$267.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,465.9	+0.001%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,462.9	−0.204%	$48.0M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,462.7	−0.223%	$569K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,464.5	−0.096%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,464	−0.130%	$404K	$921K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,463.2	−0.188%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,466	+0.005%	$358K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,465.9	−0.005%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465.2	−0.051%	$447K	$504K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,468.4	+0.167%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,466.2	+0.020%	$235K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,465	−0.064%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,465.4	−0.036%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,466.7	+0.049%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERPlong	+0.0104%	1h	1,465.9	long leg	$47K	$151K	20x
Phoenix ZEC	+0.0116%	1h	1,463.3	−0.182%	$4.7M	$1.3M	10x	as long as short
Kalshi KXZECPERP	+0.0119%	8h	1,465.9	−0.002%	$1.5M	$4.4M	2.2x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,467.9	+0.137%	$2.1M	$7.0M	10x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,466	+0.005%	$927K	$1.1M	10x	as long as short
Lighter ZEC	+0.0168%	1h	1,468	+0.143%	$19.4M	$43.7M	20x	as long as short
Hyperliquid ZEC	+0.0250%	1h	1,467.5	+0.107%	$764.6M	$419.8M	10x	as long as short
Backpack ZEC_USDC_PERPshort	+0.0312%	1h	1,466.4	+0.031%	$2.4M	$3.8M	15x
Kraken Futures PF_ZECUSD	+0.0331%	1h	1,465.8	−0.010%	$18.0M	$45.6M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,467.3	+0.092%	$671K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,468.1	+0.145%	$3.9M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0682%	1h	1,464.7	−0.082%	$45K	$49K	10x	as long as short