Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h −0.043%

Price spread now: SunX against Arcus+0.130%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1281.283% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.130%, 7d avg +0.072%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.058% dearer against Arcus than usual: you sell high and buy low (spread +0.130% now, against its 7-day average of +0.072%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 4 days (−0.062% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ZEC-USD	1,492.1	0.0221	pay 0.0028% / 1h	0m 51s	$615K	$8.8M	10x
Short	SunX ZEC-USDT	1,494.1	0.0100	get 0.0100% / 8h	1h 00m	$3K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Arcus. 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 ArcusbpFee SunXbpOrdersPrice spread, now +0.130%Rate

Funding earned: −$25.35
Price spread: +0.130% → +0.072%: $5.79
Slippage, 4 orders: −$115.79
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$147.85
Costs to cover: 1.283%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; SunX: live order book, 3 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 Arcus live order book, 3 min ago	0.00 bp	6.6 bp −$7	11.0 bp −$110	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	29.04 bp	68.2 bp −$68	doesn't fit	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	−0.3684%	1h	1,481	−0.748%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,490.5	−0.110%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0144%	8h	1,491.1	−0.069%	$30.8M	$75.0M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,491.5	−0.042%	$18.1M	$46.6M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,493.1	+0.061%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0017%	1h	1,494.4	+0.150%	$48K	$64K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,490.5	−0.113%	$414K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,493.1	+0.065%	$1.5M	$4.7M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,492	−0.007%	$5.3M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0046%	1h	1,492.2	+0.007%	$681K	$1.4M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0081%	8h	1,491.4	−0.047%	$300K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,491.6	−0.034%	$170K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,491.3	−0.058%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,491.7	−0.029%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,491.9	−0.019%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,490.5	−0.110%	$778.2M	$447.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,489.2	−0.198%	$13.9M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,491.3	−0.058%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,489.6	−0.168%	$694.3M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,489	−0.212%	$266.8M	$630.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,489.8	−0.155%	$181.3M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,494.1	+0.132%	$407K	$554K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.2	+0.141%	$903K	$7K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,489.4	−0.183%	$55.0M	$187.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,489.7	−0.166%	$241.9M	$801.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,489.5	−0.178%	$102.6M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,490	−0.143%	$160.2M	$289.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,489.2	−0.200%	—	$118.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,489.9	−0.150%	$48.8M	$34.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,494.8	+0.176%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,493.7	+0.106%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,495.6	+0.230%	$412K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,493.5	+0.091%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,491.6	−0.036%	$357K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,490.9	−0.086%	$163K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.1	+0.062%	$456K	$500K	6.7x	as long as short
SunX ZEC-USDTshort	+0.0100%	8h	1,494.1	+0.130%	$3K	$1.2M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,491.1	−0.069%	$254K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,491.8	−0.024%	$2.7M	$20.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,491.3	−0.059%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,489.4	−0.180%	$2.7M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,491.6	−0.039%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,492.2	+0.002%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,492	−0.009%	$937K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,496.6	+0.298%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0138% / S −0.0134%	1h	1,491.9	−0.019%	$392K	—	100x	as long as short
Lighter RH ZEC	+0.0176%	1h	1,492.8	+0.044%	$2.1M	$7.5M	10x	as long as short
Arcus ZEC-USDlong	+0.0221%	1h	1,492.1	long leg	$615K	$8.8M	10x
Lighter ZEC	+0.0240%	1h	1,492.6	+0.032%	$19.6M	$47.1M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0262%	1h	1,491.4	−0.049%	$2.3M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,492.8	+0.044%	$3.7M	$10.1M	50x	as long as short