Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: Nado against Aster+0.086%7-day average +0.057% · 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−$17as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.086%, 7d avg +0.057%

Together, before fees−0.001%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.029% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZECUSDT	1,456.7	0.0100	pay 0.0100% / 8h	5h 09m	$14.5M	$28.1M	75x
Short	Nado ZEC-PERP	1,458	0.0100	get 0.0012% / 1h	9m 56s	$2.6M	$6.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → +0.057%: $2.88
Slippage, 4 orders: −$5.14
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$17.26
Costs to cover: 0.201%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Nado: live order book, 4 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, 4 min ago	0.75 bp	4.8 bp −$5	6.1 bp −$61	21.9 bp −$2,191	108.7 bp −$54.4K
Sell Nado live order book, 4 min ago	0.03 bp	4.5 bp −$4	9.3 bp −$93	41.1 bp −$4,106	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	−0.3244%	1h	1,441.1	−1.072%	$33K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0084%	8h	1,457.8	+0.072%	$29.4M	$70.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,457.5	+0.053%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,458.1	+0.096%	$411K	$42K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,457.7	+0.066%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456.8	0.000%	$83K	$241K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456.9	+0.008%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0052%	8h	1,456.8	+0.002%	$292K	$966K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,456.6	−0.010%	$409K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,458.4	+0.113%	$4.6M	$1.4M	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	1,457.6	+0.059%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,457.2	+0.031%	$13K	$866K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,458.1	+0.093%	$60K	$43K	10x	as long as short
Nado ZEC-PERPshort	+0.0100%	1h	1,458	+0.086%	$2.6M	$6.3M	10x
Hyperliquid ZEC	+0.0100%	1h	1,457.2	+0.031%	$757.2M	$434.9M	10x	as long as short
Aster ZECUSDTlong	+0.0100%	8h	1,456.7	long leg	$14.5M	$28.1M	75x
Pacifica ZEC	+0.0100%	1h	1,457.8	+0.074%	$1.7M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,455.2	−0.105%	$667.2M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,454.3	−0.167%	$262.9M	$605.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,454.4	−0.163%	$178.2M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.3	−0.099%	$396K	$432K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	+0.048%	$883K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,456.7	−0.004%	$50.2M	$175.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,454.3	−0.170%	$213.8M	$780.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.6	+0.060%	$102.1M	$55.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,454.2	−0.175%	$161.5M	$273.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,456.5	−0.017%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,456.4	−0.025%	$47.6M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.7	−0.004%	$567K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.6	−0.010%	$3.0M	$432K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,456.2	−0.039%	$410K	$911K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,457.4	+0.043%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457.5	+0.052%	$369K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457	+0.015%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.8	−0.066%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.7	+0.200%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.3	+0.039%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,457.3	+0.038%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,457.2	+0.033%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,454	−0.190%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456.7	−0.003%	$47K	$153K	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0109%	1h	1,457.3	+0.035%	$2.4M	$3.8M	15x	as long as short
01 Exchange ZECUSD	+0.0136%	1h	1,457.9	+0.078%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,457.1	+0.021%	$18.0M	$44.7M	25x	as long as short
Lighter ZEC	+0.0248%	1h	1,458.4	+0.113%	$19.1M	$46.7M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,459	+0.158%	$712K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0352%	1h	1,458.8	+0.140%	$2.0M	$6.9M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0405%	1h	1,457.7	+0.069%	$613K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,458.2	+0.096%	$834K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,458.4	+0.116%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0690%	1h	1,458	+0.086%	$45K	$49K	10x	as long as short