Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.022%

Price spread now: Ondo Perps against Bullet−0.056%7-day average −0.070% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.177%−$18 · spread now −0.056%, 7d avg −0.070%

Together, before fees−0.196%+ Points / potential airdropOndo Perps: Active · farm board−$20 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet ZEC-USD	1,476	0.0100	pay 0.0013% / 1h	28m 03s	$162K	$184K	20x
Short	Ondo Perps ZEC-USD.P	1,475.2	0.0100	get 0.0013% / 1h	28m 03s	$403K	$508K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bullet. 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 BulletbpFee Ondo PerpsbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.070%: $1.42
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$11.58
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Bullet: live order book, 16 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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 Bullet live order book, 16 min ago	0.41 bp	5.9 bp −$6	11.8 bp −$118	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.948%	$36K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0166%	1h	1,477.1	+0.073%	$892K	$9K	10x	as long as short
BloFin ZEC-USDT	−0.0123%	8h	1,477	+0.069%	$30.5M	$73.8M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,475.9	−0.006%	$17.9M	$47.0M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,476.2	+0.013%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,477.7	+0.113%	$411K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,478.2	+0.149%	$1.5M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,475.1	−0.060%	$63K	$303K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,475.6	−0.030%	$5.2M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0049%	1h	1,476.2	+0.013%	$674K	$1.4M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0077%	8h	1,475.3	−0.051%	$297K	$1.1M	20x	as long as short
Aftermath Perps ZECUSD	+0.0093%	1h	1,477.2	+0.082%	$47K	$64K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,475.7	−0.025%	$165K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,475.4	−0.040%	$10K	$871K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,475.9	−0.010%	$2.7M	$7.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,476	−0.002%	$13.8M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,475.8	−0.015%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,476.6	+0.042%	$687.4M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,475.9	−0.006%	$263.4M	$632.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,476.1	+0.008%	$178.9M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.Pshort	+0.0100%	1h	1,475.2	−0.056%	$403K	$508K	5x
Gate ZEC_USDT	+0.0100%	8h	1,476.3	+0.018%	$54.2M	$183.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,476.2	+0.015%	$240.8M	$784.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476	−0.005%	$100.9M	$57.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,476.6	+0.041%	$158.9M	$288.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,476.8	+0.053%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,476.9	+0.056%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,477.6	+0.108%	$48.1M	$34.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,477.2	+0.077%	$565K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,478.3	+0.158%	$3.0M	$498K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.9	+0.058%	$406K	$935K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,478	+0.134%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,475.1	−0.062%	$355K	$1.7M	10x	as long as short
Bullet ZEC-USDlong	+0.0100%	1h	1,476	long leg	$162K	$184K	20x
Derive ZEC-PERP	+0.0100%	1h	1,473.4	−0.178%	$450K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,477.8	+0.118%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,475.7	−0.021%	$251K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,475.3	−0.049%	$2.6M	$19.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,476.6	+0.037%	$3.9M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,475.6	−0.027%	$61K	$43K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,475.4	−0.039%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,475.3	−0.051%	$42K	$152K	20x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,475.7	−0.023%	$924K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,478.9	+0.193%	$4.7M	$1.4M	10x	as long as short
01 Exchange ZECUSD	+0.0136%	1h	1,476.2	+0.012%	$8K	$7K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0144% / S −0.0152%	1h	1,476.2	+0.009%	$478K	—	100x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,477.7	+0.114%	$634K	$8.6M	10x	as long as short
Lighter RH ZEC	+0.0248%	1h	1,477.4	+0.096%	$2.1M	$7.4M	10x	as long as short
Hyperliquid ZEC	+0.0252%	1h	1,477.8	+0.120%	$766.8M	$442.3M	10x	as long as short
Lighter ZEC	+0.0304%	1h	1,477.6	+0.108%	$19.4M	$45.8M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,476.9	+0.062%	$3.6M	$9.9M	50x	as long as short