Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0175%/8h= +19.1% APRpaid last 24h +0.061%

Price spread now: Aevo against BloFin+0.196%113s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.615% of the position

Long on BloFin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.324%+$32 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.196%, 7d avg +0.002%

Together, before fees+0.247%+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aevo is 0.193% dearer against BloFin than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZEC-USDT	1,457.1	−0.0071	get 0.0071% / 8h	3h 21m	$29.4M	$70.6M	75x
Short	Aevo ZEC-PERP	1,460	0.0104	get 0.0013% / 1h	21m 22s	$47K	$151K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now +0.196%Rate

Funding earned: $36.66
Price spread: +0.196% → +0.002%: $19.34
Slippage, 4 orders: −$33.51
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$5.51
Costs to cover: 0.615%
Break-even: 8.1 days

Slippage from BloFin: live order book, 3 min ago; Aevo: live order book, 32 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 BloFin live order book, 3 min ago	0.14 bp	6.4 bp −$6	7.5 bp −$75	11.4 bp −$1,136	doesn't fit
Sell Aevo live order book, 32 min ago	15.35 bp	25.4 bp −$25	27.1 bp −$271	56.5 bp −$5,651	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	1,441.9	−1.046%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,461	+0.270%	$6K	$1K	10x	as long as short
BloFin ZEC-USDTlong	−0.0071%	8h	1,457.1	long leg	$29.4M	$70.6M	75x
dYdX ZEC-USD	0.0000%	1h	1,459.6	+0.171%	$411K	$35K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,460	+0.199%	$83K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,460.4	+0.224%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,460.2	+0.214%	$292K	$932K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0085% / S −0.0036%	1h	1,460.4	+0.229%	$434K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,460.7	+0.245%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,461	+0.269%	$14K	$817K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ZEC-USD-PERP	+0.0100%	8h	1,460.8	+0.253%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,460.5	+0.234%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,460.4	+0.224%	$14.6M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,461	+0.268%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,460.5	+0.229%	$672.1M	$2.18B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,459.9	+0.194%	$261.5M	$594.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,460.4	+0.223%	$179.2M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,456.9	−0.014%	$396K	$434K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.9	+0.054%	$881K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,460.3	+0.220%	$51.5M	$172.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,460.6	+0.238%	$220.2M	$771.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,460.6	+0.242%	$103.0M	$53.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,460.8	+0.253%	$166.0M	$268.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,459.5	+0.165%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,455.5	−0.114%	$47.7M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,457.5	+0.026%	$567K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.6	−0.038%	$3.0M	$463K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,457.2	+0.003%	$402K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,458	+0.058%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,460.5	+0.233%	$355K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,460.4	+0.227%	$161K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,459.5	+0.161%	$446K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,462.8	+0.391%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,460.4	+0.226%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,459.6	+0.172%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,460.2	+0.213%	$3.8M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,460.3	+0.218%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERPshort	+0.0104%	1h	1,460	+0.196%	$47K	$151K	20x
Phoenix ZEC	+0.0116%	1h	1,457.6	+0.030%	$4.6M	$1.3M	10x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,462.3	+0.357%	$2.1M	$7.0M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,461.1	+0.277%	$8K	$7K	5x	as long as short
Hyperliquid ZEC	+0.0144%	1h	1,461.8	+0.322%	$761.3M	$424.4M	10x	as long as short
Lighter ZEC	+0.0152%	1h	1,462.3	+0.357%	$19.4M	$45.2M	20x	as long as short
Kalshi KXZECPERP	+0.0178%	8h	1,457.3	+0.014%	$1.5M	$4.4M	2.2x	as long as short
Backpack ZEC_USDC_PERP	+0.0204%	1h	1,457.7	+0.043%	$2.4M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,460.8	+0.255%	$924K	$1.1M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0332%	1h	1,460.3	+0.217%	$18.1M	$45.2M	25x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0340%	1h	1,461.3	+0.287%	$615K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,461.9	+0.329%	$698K	$8.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,463	+0.404%	$3.8M	$9.2M	50x	as long as short
Aftermath Perps ZECUSD	+0.0677%	1h	1,457.9	+0.055%	$45K	$49K	10x	as long as short