Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0168%/8h= +18.4% APRnext payment +$1.68 per $10,000 · paid last 24h +0.071%
Price spread now: SunX against BloFin+0.221%55s7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1301.302% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.441%+$44 on $10k
Price spread, last 3 days (all we have)−0.230%−$23 · spread now +0.221%, 7d avg +0.085%
Together, before fees+0.211%+$21 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 SunX is 0.136% dearer against BloFin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.085%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZEC-USDT1,481.8−0.0068get 0.0068% / 8h3h 31m$29.9M$78.1M75x
ShortSunX ZEC-USDT1,485.10.0100get 0.0100% / 8h3h 31m$3K$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$35.26
Price spread: +0.221% → +0.085%
$13.59
Slippage, 4 orders
−$110.25
Fee BloFin: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$81.4
Costs to cover
1.302%
Break-even
23.2 days
Slippage from BloFin: live order book, 3 min ago; SunX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 3 min ago0.03 bp6.3 bp −$67.7 bp −$77doesn't fitdoesn't fit
Sell SunX live order book, 3 min ago29.05 bp68.4 bp −$68doesn't fitdoesn't fitdoesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3181%1h1,476.9−0.334%$34K$159K12xas long as short
Variational Omni ZEC−0.0090%8h1,479.3−0.170%$47.8M$30.5Mas long as short
Hotstuff ZEC-PERP−0.0080%1h1,480.6−0.084%$6K$2K10xas long as short
BloFin ZEC-USDTlong−0.0068%8h1,481.8long leg$29.9M$78.1M75x
Bybit ZECUSDT−0.0064%8h1,479.3−0.169%$277.6M$690.1M75xas long as short
Kraken Futures PF_ZECUSD−0.0052%1h1,479.9−0.127%$18.1M$44.9M25xas long as short
ApeX Omni ZECUSDT−0.0046%1h1,478.8−0.205%$735K$604K50xas long as short
Orderly PERP_ZEC_USDC−0.0006%8h1,481.5−0.025%$288K$1.5M20xas long as short
dYdX ZEC-USD0.0000%1h1,479.9−0.131%$417K$107K5xas long as short
Kalshi KXZECPERP0.0000%8h1,481.2−0.045%$990K$5.4M2.2xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ZEC0.0000%43m1,479.6−0.149%$84K$416K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,480.3−0.103%$5.2M150xas long as short
OKX ZEC-USDT-SWAP+0.0016%8h1,479.5−0.159%$178.2M$1.41B50xas long as short
Aster ZECUSDT+0.0041%8h1,480.4−0.099%$15.3M$34.7M75xas long as short
Phoenix ZEC+0.0045%1h1,479.2−0.175%$4.7M$1.5M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0059% / S +0.0051%1h1,480.1−0.116%$580K100xas long as short
Ondo Perps ZEC-USD.P+0.0068%1h1,476.3−0.373%$401K$538K5xas long as short
Gate ZEC_USDT+0.0068%8h1,479.8−0.136%$51.1M$185.0M75xas long as short
MEXC ZEC_USDT+0.0068%8h1,479.8−0.137%$233.5M$928.6M150xas long as short
Binance ZECUSDT+0.0069%8h1,479.6−0.153%$678.3M$2.57B75xas long as short
01 Exchange ZECUSD+0.0088%1h1,480.9−0.064%$9K$7K5xas long as short
Katana Perps ZEC-USD+0.0093%8h1,480.6−0.083%$12K$886K10xas long as short
Polymarket Perps ZEC-USD+0.0095%1h1,480.1−0.117%$308K$2.4M10xas long as short
Popdex ZECUSDT+0.0096%1h1,479.5−0.156%$174K$2.0M50xas long as short
Aevo ZEC-PERP+0.0096%1h1,481.2−0.045%$37K$362K20xas long as short
Paradex ZEC-USD-PERP+0.0099%8h1,479.9−0.129%$61K$37K10xas long as short
Nado ZEC-PERP+0.0100%1h1,480.3−0.102%$3.1M$7.1M10xas long as short
Hyperliquid ZEC+0.0100%1h1,481.3−0.036%$772.7M$509.9M10xas long as short
Pacifica ZEC+0.0100%1h1,480.2−0.109%$1.7M$3.2M10xas long as short
KuCoin ZECUSDTM+0.0100%8h1,479.5−0.157%$104.4M$58.6M75xas long as short
Bitget ZECUSDT+0.0100%8h1,479.8−0.137%$172.7M$317.8M75xas long as short
BingX ZEC-USDC+0.0100%8h1,479.3−0.172%$6.8Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,481.3−0.038%$2.4M$3.9M15xas long as short
edgeX ZECUSDC+0.0100%4h1,478.2−0.246%$496K$10.0M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,481.1−0.050%$3.0M$514K10xas long as short
StandX ZEC-USD+0.0100%1h1,478.8−0.207%$111K$4.8M30xas long as short
Bullet ZEC-USD+0.0100%1h1,480−0.126%$130K$161K20xas long as short
Derive ZEC-PERP+0.0100%1h1,479.7−0.145%$450K$493K6.7xas long as short
SunX ZEC-USDTshort+0.0100%8h1,485.1+0.221%$3K$1.3M20x
SoDEX ZEC-USD+0.0100%1h1,479.9−0.134%$225K$4.8M10xas long as short
HTX ZEC-USDT+0.0100%8h1,480.3−0.104%$2.4M$26.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,481−0.057%$3.8M$5.8M50xas long as short
Bulk ZEC-USD+0.0100%1h1,481.7−0.009%$914K$30K10xas long as short
RISEx ZEC/USDC+0.0138%1h1,480.6−0.084%$872K$2.5M10xas long as short
Lighter RH ZEC+0.0184%1h1,480.9−0.063%$1.6M$7.5M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0302%1h1,482.2+0.025%$591K$1.4M25xas long as short
Lighter ZEC+0.0304%1h1,481.2−0.043%$19.6M$54.1M20xas long as short
Coinbase International ZEC-PERP-INTX+0.0416%1h1,482.4+0.041%$3.8M$11.9M50xas long as short
Aftermath Perps ZECUSD+0.0495%1h1,477.5−0.292%$39K$32K10xas long as short
Arcus ZEC-USD+0.0538%1h1,481.8+0.001%$714K$7.5M10xas long as short
Extended ZEC-USD+0.0624%1h1,480.2−0.113%$3.9M$5.2M10xas long as short