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Funding arb · Price arb /

ZEC

all ZEC markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.47 per $10,000 · paid last 24h +0.012%
Price spread now: Orderly against Bybit+0.160%7-day average +0.026% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BybitShort on Orderly
What this pair did over the last
the charts below follow
Funding, last 7 days−0.267%−$27 on $10k
Price spread, last 4 days (all we have)+1.252%+$125 · spread now +0.160%, 7d avg +0.026%
Together, before fees+0.985%+$99 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.134% dearer against Bybit than usual: you sell high and buy low (spread +0.160% now, against its 7-day average of +0.026%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.5 days. At the pace of the last 7 days (−0.267% in total) that is about 3.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZECUSDT1,449.70.0100pay 0.0100% / 8h5h 07m$261.9M$606.4M75x
ShortOrderly PERP_ZEC_USDC1,4520.0053get 0.0053% / 8h5h 07m$291K$966K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
−$9.85
Price spread: +0.160% → +0.026%
$13.4
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$13.45
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 2 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago0.03 bp6.0 bp −$68.8 bp −$8816.4 bp −$1,640doesn't fit
Sell Orderly no order-book sample—————
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3244%1h1,453.8+0.283%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,452.6+0.201%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0078%8h1,450.1+0.028%$29.2M$70.4M75xas long as short
dYdX ZEC-USD0.0000%1h1,452.5+0.195%$409K$42K5xas long as short
Kalshi KXZECPERP0.0000%8h1,450.8+0.080%$1.4M$4.6M2.2xas long as short
Perpl ZEC0.0000%43m1,452.4+0.187%$83K$241K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,452.1+0.168%$5.1M—150xas long as short
Orderly PERP_ZEC_USDCshort+0.0053%8h1,452+0.160%$291K$966K20x
GMX ZEC/USD [WBTC.b-USDC]L +0.0061% / S −0.0012%1h1,451.8+0.151%$408K—100xas long as short
Phoenix ZEC+0.0074%1h1,455+0.368%$4.6M$1.4M10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,452.4+0.188%$173K$1.7M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,452.6+0.203%$12K$868K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,452.9+0.223%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,452.1+0.167%$2.6M$6.3M10xas long as short
Hyperliquid ZEC+0.0100%1h1,451.2+0.104%$754.2M$433.7M10xas long as short
Aster ZECUSDT+0.0100%8h1,451.6+0.136%$14.5M$28.0M75xas long as short
Pacifica ZEC+0.0100%1h1,452.8+0.215%$1.6M$2.5M10xas long as short
Binance ZECUSDT+0.0100%8h1,450.1+0.030%$663.9M$2.22B75xas long as short
Bybit ZECUSDTlong+0.0100%8h1,449.7long leg$261.9M$606.4M75x
OKX ZEC-USDT-SWAP+0.0100%8h1,450.3+0.042%$177.5M$1.22B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,455.3+0.390%$396K$432K5xas long as short
Bulk ZEC-USD+0.0100%1h1,457.5+0.538%$883K$21K10xas long as short
Gate ZEC_USDT+0.0100%8h1,450+0.021%$49.8M$175.6M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,450.2+0.037%$219.5M$782.0M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,450.2+0.034%$101.6M$55.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,450.1+0.034%$161.2M$273.5M75xas long as short
BingX ZEC-USDC+0.0100%8h1,449.3−0.028%—$6.7M—as long as short
Variational Omni ZEC+0.0100%8h1,456.4+0.464%$47.6M$32.8M—as long as short
edgeX ZECUSDC+0.0100%4h1,453.5+0.269%$566K$8.7M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,453.8+0.289%$3.0M$432K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,453.1+0.235%$409K$911K50xas long as short
StandX ZEC-USD+0.0100%1h1,452.3+0.181%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,451.7+0.141%$367K$1.9M10xas long as short
Bullet ZEC-USD+0.0100%1h1,452.2+0.174%$160K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,451+0.096%$443K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,455.7+0.415%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,450.2+0.039%$232K$3.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,450.8+0.080%$2.6M$18.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,450.1+0.032%$3.8M$5.1M50xas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,450.7+0.072%$2.4M$3.8M15xas long as short
Extended ZEC-USD+0.0104%1h1,449.8+0.009%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,449.2−0.029%$47K$153K20xas long as short
01 Exchange ZECUSD+0.0136%1h1,453.2+0.246%$8K$7K5xas long as short
Kraken Futures PF_ZECUSD+0.0197%1h1,449.6−0.007%$18.0M$44.7M25xas long as short
Lighter ZEC+0.0232%1h1,451.4+0.124%$19.0M$46.8M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0255%1h1,449.9+0.018%$608K$1.3M25xas long as short
Arcus ZEC-USD+0.0277%1h1,454.5+0.331%$720K$8.5M10xas long as short
Lighter RH ZEC+0.0352%1h1,451.7+0.142%$2.0M$6.9M10xas long as short
RISEx ZEC/USDC+0.0409%1h1,453.4+0.261%$831K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0456%1h1,451.3+0.111%$3.7M$9.0M50xas long as short
Aftermath Perps ZECUSD+0.0688%1h1,455.8+0.423%$45K$49K10xas long as short