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Funding arb · Price arb /

ZEC

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.044%
Price spread now: Extended against Bybit+0.001%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Long on BybitShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 7 days−0.021%−$2 · spread now +0.001%, 7d avg −0.029%
Together, before fees−0.002%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.030% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZECUSDT1,503.40.0100pay 0.0100% / 8h7h 27m$269.4M$617.4M75x
ShortExtended ZEC-USD1,503.40.0104get 0.0013% / 1h27m 02s$2.8M$8.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: +0.001% → −0.029%
$2.98
Slippage, 4 orders
−$7.28
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$19.46
Costs to cover
0.233%
Break-even
169.2 days
Slippage from Bybit: live order book, 2 min ago; Extended: live order book, 2 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 Bybit live order book, 2 min ago0.03 bp5.7 bp −$69.0 bp −$9018.3 bp −$1,834doesn't fit
Sell Extended live order book, 2 min ago1.50 bp5.4 bp −$510.5 bp −$10554.7 bp −$5,467doesn'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−0.3702%1h1,491.4−0.794%$36K$275K12xas long as short
Perpl ZEC−0.0447%43m1,504.7+0.090%$62K$305K10xas long as short
Aftermath Perps ZECUSD−0.0211%1h1,505.1+0.116%$48K$58K10xas long as short
BloFin ZEC-USDT−0.0160%8h1,505.1+0.114%$31.8M$76.5M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,503.8+0.033%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,503.7+0.023%$418K$34K5xas long as short
Kalshi KXZECPERP0.0000%8h1,505.3+0.127%$1.6M$5.0M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,501.9−0.098%$5.3M—150xas long as short
Kraken Futures PF_ZECUSD+0.0019%1h1,505.9+0.173%$18.3M$47.7M25xas long as short
01 Exchange ZECUSD+0.0032%1h1,504.5+0.074%$8K$6K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix ZEC+0.0082%1h1,504.2+0.055%$4.8M$1.4M10xas long as short
Orderly PERP_ZEC_USDC+0.0084%8h1,505.9+0.170%$304K$860K20xas long as short
Lighter ZEC+0.0096%1h1,506.9+0.233%$19.5M$45.1M20xas long as short
Lighter RH ZEC+0.0096%1h1,506.4+0.204%$2.1M$7.5M10xas long as short
Popdex ZECUSDT+0.0096%1h1,504.6+0.081%$172K$1.8M50xas long as short
Gate ZEC_USDT+0.0097%8h1,504.6+0.086%$60.6M$186.1M75xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,504.4+0.070%$62K$16K10xas long as short
Katana Perps ZEC-USD+0.0100%8h1,504.2+0.053%$16K$898K10xas long as short
Nado ZEC-PERP+0.0100%1h1,505+0.108%$3.1M$7.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,505.2+0.126%$787.4M$447.4M10xas long as short
Aster ZECUSDT+0.0100%8h1,503.6+0.015%$14.1M$30.4M75xas long as short
Pacifica ZEC+0.0100%1h1,504.5+0.074%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,504+0.046%$709.6M$2.33B75xas long as short
Bybit ZECUSDTlong+0.0100%8h1,503.4long leg$269.4M$617.4M75x
OKX ZEC-USDT-SWAP+0.0100%8h1,503.5+0.007%$184.9M$1.37B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,504.9+0.103%$408K$558K5xas long as short
Arcus ZEC-USD+0.0100%1h1,505.2+0.126%$608K$9.0M10xas long as short
Bulk ZEC-USD+0.0100%1h1,503.8+0.027%$774K$147K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,503.6+0.015%$405.5M$836.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,503.7+0.022%$102.8M$57.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,503.7+0.020%$162.7M$295.1M75xas long as short
BingX ZEC-USDC+0.0100%8h1,503.6+0.015%—$6.7M—as long as short
Variational Omni ZEC+0.0100%8h1,502.5−0.053%$49.7M$36.0M—as long as short
edgeX ZECUSDC+0.0100%4h1,503.3−0.004%$554K$9.2M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,502.7−0.041%$3.1M$533K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,503.6+0.014%$413K$952K50xas long as short
StandX ZEC-USD+0.0100%1h1,502.6−0.052%$50K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,505.7+0.156%$374K$1.6M10xas long as short
Bullet ZEC-USD+0.0100%1h1,506.6+0.216%$168K$192K20xas long as short
Derive ZEC-PERP+0.0100%1h1,502−0.089%$449K$419K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,508.4+0.333%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,505.6+0.151%$255K$3.6M10xas long as short
HTX ZEC-USDT+0.0100%8h1,504.7+0.088%$2.7M$21.1M75xas long as short
Phemex ZECUSDT+0.0100%8h1,505.9+0.168%$4.0M$4.9M50xas long as short
Extended ZEC-USDshort+0.0104%1h1,503.4+0.001%$2.8M$8.0M10x
Aevo ZEC-PERP+0.0104%1h1,505.7+0.159%$45K$153K20xas long as short
RISEx ZEC/USDC+0.0157%1h1,502.3−0.067%$994K$1.1M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0161% / S −0.0165%1h1,506.8+0.231%$334K—100xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0238%1h1,506.8+0.231%$690K$1.4M25xas long as short
Backpack ZEC_USDC_PERP+0.0240%1h1,505.2+0.124%$2.4M$3.8M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0368%1h1,507.6+0.282%$3.8M$10.1M50xas long as short