Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.059%

Price spread now: Deribit against BloFin+0.066%57s7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as 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−$290.288% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.312%+$31 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.066%, 7d avg +0.065%

Together, before fees+0.362%+$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.065%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. The two prices were read 57 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	1,478	−0.0131	get 0.0131% / 8h	1h 29m	$30.5M	$73.8M	75x
Short	Deribit ZEC_USDC-PERPETUAL	1,478.9	0.0209	get 0.0026% / 1h	29m 34s	$675K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.066%Rate

Funding earned: $71.38
Price spread: +0.066% → +0.065%: $0.13
Slippage, 4 orders: −$9.75
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $42.76
Costs to cover: 0.288%
Break-even: 2.8 days

Slippage from BloFin: live order book, 5 min ago; Deribit: 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 BloFin live order book, 5 min ago	0.03 bp	6.0 bp −$6	6.0 bp −$60	8.8 bp −$877	doesn't fit
Sell Deribit live order book, 4 min ago	4.64 bp	8.1 bp −$8	14.4 bp −$144	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	1,462	−1.078%	$36K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0166%	1h	1,477.1	−0.058%	$892K	$9K	10x	as long as short
BloFin ZEC-USDTlong	−0.0131%	8h	1,478	long leg	$30.5M	$73.8M	75x
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,478.5	+0.034%	$17.9M	$47.2M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,478.4	+0.028%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,477.7	−0.018%	$411K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,479	+0.069%	$1.5M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,475.8	−0.144%	$63K	$303K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,478	+0.005%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0077%	8h	1,478	+0.004%	$298K	$1.1M	20x	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	1,477.6	−0.026%	$164K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,477.1	−0.055%	$10K	$869K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,477.8	−0.013%	$2.7M	$7.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,477.1	−0.055%	$13.8M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,478.1	+0.006%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,477.5	−0.029%	$687.8M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,477.5	−0.032%	$263.6M	$632.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,477.7	−0.021%	$179.0M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,475.2	−0.187%	$403K	$508K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,477.4	−0.037%	$54.2M	$182.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,477.6	−0.028%	$241.1M	$784.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,478.3	+0.023%	$101.2M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,477.8	−0.011%	$159.0M	$288.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,476.6	−0.094%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,478.8	+0.053%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,477.6	−0.023%	$48.1M	$34.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,477.2	−0.055%	$565K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,478.3	+0.026%	$3.0M	$498K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.9	−0.073%	$406K	$935K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,479.1	+0.076%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,477.4	−0.038%	$357K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,478.3	+0.022%	$162K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473.4	−0.309%	$450K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,480.9	+0.197%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,478.3	+0.023%	$252K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,477.7	−0.021%	$2.6M	$19.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,478.7	+0.047%	$3.9M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,477.7	−0.018%	$61K	$43K	10x	as long as short
Aftermath Perps ZECUSD	+0.0101%	1h	1,477.8	−0.009%	$47K	$64K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,477.4	−0.036%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,478.1	+0.012%	$42K	$152K	20x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,478.5	+0.034%	$925K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,478.9	+0.062%	$4.7M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0143% / S −0.0148%	1h	1,478.1	+0.010%	$479K	—	100x	as long as short
01 Exchange ZECUSD	+0.0144%	1h	1,477.8	−0.010%	$8K	$7K	5x	as long as short
Deribit ZEC_USDC-PERPETUALshort	+0.0209%	1h	1,478.9	+0.066%	$675K	$1.4M	25x
Arcus ZEC-USD	+0.0221%	1h	1,479.4	+0.098%	$633K	$8.6M	10x	as long as short
Hyperliquid ZEC	+0.0251%	1h	1,479.3	+0.091%	$767.7M	$442.3M	10x	as long as short
Lighter RH ZEC	+0.0256%	1h	1,478.4	+0.028%	$2.1M	$7.4M	10x	as long as short
Lighter ZEC	+0.0320%	1h	1,479.6	+0.114%	$19.4M	$45.8M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,480.3	+0.160%	$3.6M	$9.9M	50x	as long as short