Funding you earn now, next payment 00:00 UTC−0.0318%/8h= −34.8% APRnext payment −$0.40 per $10,000 · paid last 24h −0.005%
Price spread now: Aevo against Backpack−0.041%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$500.495% of the position
Funding, last 7 days+0.262%+$26 on $10k
+Price spread, last 3 days (all we have)+0.288%+$29 · spread now −0.041%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aevo is 0.045% cheaper against Backpack than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.004%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.262%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZEC_USDC_PERP | 1,474.1 | 0.0422 | pay 0.0053% / 1h | 48m 35s | $2.4M | $3.7M | 15x |
| Short | Aevo ZEC-PERP | 1,473.5 | 0.0104 | get 0.0013% / 1h | 48m 35s | $37K | $366K | 20x |
Backpack ZEC_USDC_PERP
Aevo ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$66.69
- Price spread: −0.041% → +0.004%
- −$4.49
- Slippage, 4 orders
- −$23.53
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$120.71
- Costs to cover
- 0.495%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 1 min ago; Aevo: live order book, 30 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 Backpack live order book, 1 min ago | 0.03 bp | 6.5 bp −$6 | 17.9 bp −$179 | doesn't fit | doesn't fit |
| Sell Aevo live order book, 30 min ago | 6.55 bp | 20.1 bp −$20 | 27.6 bp −$276 | 37.8 bp −$3,777 | 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 | −0.3089% | 1h | 1,473.7 | −0.026% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0278% | 1h | 1,471.3 | −0.187% | $399K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,473.4 | −0.044% | $17.9M | $44.5M | 25x | as long as short |
| ApeX Omni ZECUSDT | −0.0190% | 1h | 1,472.5 | −0.109% | $432K | $830K | 50x | as long as short |
| BloFin ZEC-USDT | −0.0105% | 8h | 1,473.3 | −0.052% | $29.5M | $75.6M | 75x | as long as short |
| Bybit ZECUSDT | −0.0091% | 8h | 1,470.4 | −0.250% | $273.3M | $657.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,473.5 | −0.041% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0040% | 8h | 1,471.8 | −0.153% | $46.8M | $33.6M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,473.1 | −0.066% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473.4 | −0.042% | $902K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
ApeX Omni ZECUSDT
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,473.8 | −0.021% | $84K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.3 | +0.016% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,473.4 | −0.045% | $295K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.1 | −0.067% | $4.6M | $1.6M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0037% | 8h | 1,470.9 | −0.214% | $180.5M | $1.34B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,471.3 | −0.190% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0044% | 8h | 1,471.9 | −0.149% | $50.7M | $184.3M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0011% | 1h | 1,474.2 | +0.013% | $366K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,473.6 | −0.030% | $19.1M | $52.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.1 | −0.199% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,471.2 | −0.191% | $11K | $829K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,471.3 | −0.184% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.2 | −0.129% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,474.2 | +0.009% | $765.0M | $473.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,471.6 | −0.169% | $15.5M | $32.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.5 | −0.103% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.1 | −0.199% | $681.6M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472.8 | −0.083% | $716K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472 | −0.139% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.2 | −0.126% | $221.1M | $831.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,473.4 | −0.047% | $104.1M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471.1 | −0.198% | $162.8M | $302.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,470.3 | −0.256% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,472.5 | −0.103% | $512K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,472.8 | −0.087% | $3.0M | $466K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,474.5 | +0.026% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471 | −0.208% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,473.8 | −0.018% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,471.9 | −0.143% | $449K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.1 | +0.001% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,473.2 | −0.058% | $226K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,472.4 | −0.115% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.7 | −0.027% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,471.6 | −0.167% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERPshort | +0.0104% | 1h | 1,473.5 | −0.041% | $37K | $366K | 20x | |
| Deribit ZEC_USDC-PERPETUAL | +0.0108% | 1h | 1,474.4 | +0.026% | $615K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,471.6 | −0.165% | $834K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERPlong | +0.0422% | 1h | 1,474.1 | long leg | $2.4M | $3.7M | 15x | |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,476 | +0.130% | $3.8M | $11.0M | 50x | as long as short |
| Lighter RH ZEC | +0.0520% | 1h | 1,474 | −0.007% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0648% | 1h | 1,474.5 | +0.027% | $46K | $47K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD