Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0384%/8hpaid last 24h +0.088%

Price spread now: Coinbase International against Aster+0.144%7-day average +0.141% · 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−$37as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.271%+$27 on $10k

Price spread, last 3 days (all we have)+0.135%+$13 · spread now +0.144%, 7d avg +0.141%

Together, before fees+0.405%+ Points / potential airdropAster: Stage 5 · farm board+$41 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.141%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZECUSDT	1,473.2	0.0000	pay 0.0000% / 8h	4h 06m	$15.1M	$36.1M	75x
Short	Coinbase International ZEC-PERP-INTX	1,475.4	0.0384	get 0.0048% / 1h	6m 08s	$3.8M	$12.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.144%Rate

Funding earned: $80.64
Price spread: +0.144% → +0.141%: $0.24
Slippage, 4 orders: −$19.31
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $43.56
Costs to cover: 0.373%
Break-even: 3.2 days

Slippage from Aster: live order book, 2 min ago; Coinbase International: live order book, 2 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 Aster live order book, 2 min ago	0.54 bp	6.1 bp −$6	8.8 bp −$88	25.8 bp −$2,581	doesn't fit
Sell Coinbase International live order book, 2 min ago	1.25 bp	14.3 bp −$14	18.7 bp −$187	48.8 bp −$4,879	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	−0.3655%	1h	1,460.2	−0.885%	$34K	$159K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0434%	1h	1,473.1	−0.007%	$18.0M	$46.1M	25x	as long as short
ApeX Omni ZECUSDT	−0.0326%	1h	1,470	−0.217%	$958K	$431K	50x	as long as short
Variational Omni ZEC	−0.0146%	8h	1,470.7	−0.171%	$48.1M	$31.1M	—	as long as short
Bybit ZECUSDT	−0.0141%	8h	1,472.8	−0.030%	$275.7M	$719.2M	75x	as long as short
BloFin ZEC-USDT	−0.0086%	8h	1,472.1	−0.075%	$30.1M	$78.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.8	−0.029%	$6K	$2K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0069%	1h	1,473.3	+0.004%	$399K	$572K	5x	as long as short
Orderly PERP_ZEC_USDC	−0.0014%	8h	1,473.7	+0.033%	$285K	$1.7M	20x	as long as short
01 Exchange ZECUSD	−0.0008%	1h	1,473.6	+0.026%	$9K	$10K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZEC-USDT-SWAP	−0.0004%	8h	1,473.1	−0.008%	$177.1M	$1.45B	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.8	+0.035%	$415K	$107K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473.4	+0.012%	$979K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.8	−0.032%	$80K	$436K	10x	as long as short
Aster ZECUSDTlong	0.0000%	8h	1,473.2	long leg	$15.1M	$36.1M	75x
Gate ZEC_USDT	+0.0005%	8h	1,473.2	−0.006%	$51.1M	$196.9M	75x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,473.8	+0.037%	$5.2M	—	150x	as long as short
Phoenix ZEC	+0.0012%	1h	1,472.4	−0.059%	$4.7M	$1.7M	10x	as long as short
MEXC ZEC_USDT	+0.0033%	8h	1,473.2	−0.005%	$227.7M	$979.2M	150x	as long as short
Binance ZECUSDT	+0.0035%	8h	1,473.1	−0.012%	$674.7M	$2.67B	75x	as long as short
Polymarket Perps ZEC-USD	+0.0069%	1h	1,472.8	−0.030%	$322K	$2.5M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0071% / S +0.0044%	1h	1,473.6	+0.024%	$577K	—	100x	as long as short
Aevo ZEC-PERP	+0.0088%	1h	1,473.4	+0.012%	$37K	$362K	20x	as long as short
Katana Perps ZEC-USD	+0.0091%	8h	1,473.1	−0.010%	$12K	$889K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,473	−0.016%	$176K	$2.1M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,472.8	−0.032%	$61K	$37K	10x	as long as short
RISEx ZEC/USDC	+0.0100%	1h	1,473.5	+0.020%	$853K	$2.6M	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473	−0.017%	$3.1M	$7.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.6	+0.024%	$768.7M	$558.9M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,473.2	−0.005%	$1.6M	$3.3M	10x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,474.8	+0.106%	$731K	$7.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,476.1	+0.193%	$909K	$21K	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473.4	+0.011%	$103.7M	$62.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,473.2	−0.001%	$170.7M	$331.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,472.5	−0.050%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,473.9	+0.045%	$2.4M	$3.8M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,473.3	+0.007%	$494K	$10.4M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,472.2	−0.073%	$3.0M	$510K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.9	+0.047%	$110K	$4.8M	30x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,473.3	+0.005%	$128K	$162K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.1	−0.078%	$448K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.5	+0.221%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,473	−0.019%	$224K	$5.1M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473	−0.015%	$2.4M	$28.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.1	−0.011%	$3.8M	$6.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,473.6	+0.024%	$3.2M	$4.6M	10x	as long as short
Lighter ZEC	+0.0112%	1h	1,474.6	+0.090%	$19.5M	$59.4M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0150%	1h	1,474.4	+0.076%	$577K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0224%	1h	1,474.8	+0.109%	$1.8M	$7.7M	10x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0384%	1h	1,475.4	+0.144%	$3.8M	$12.5M	50x
Aftermath Perps ZECUSD	+0.0512%	1h	1,474.1	+0.056%	$39K	$33K	10x	as long as short