Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0057%/8h= +6.3% APRpaid last 24h +0.052%

Price spread now: RISEx against Bybit+0.018%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.240%+$24 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.018%, 7d avg +0.028%

Together, before fees+0.231%+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZECUSDT	1,505.8	0.0100	pay 0.0100% / 8h	7h 17m	$273.3M	$611.8M	75x
Short	RISEx ZEC/USDC	1,506.1	0.0157	get 0.0020% / 1h	17m 24s	$967K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bybit. 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 BybitbpFee RISExbpOrdersPrice spread, now +0.018%Rate

Funding earned: $12
Price spread: +0.018% → +0.028%: −$0.98
Slippage, 4 orders: −$5.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$11.78
Costs to cover: 0.228%
Break-even: 13.9 days

Slippage from Bybit: live order book, 2 min ago; RISEx: live order book, 1 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 Bybit live order book, 2 min ago	0.03 bp	8.7 bp −$9	12.1 bp −$121	20.5 bp −$2,054	35.8 bp −$17.9K
Sell RISEx live order book, 1 min ago	1.23 bp	4.2 bp −$4	9.0 bp −$90	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	−0.3702%	1h	1,488.8	−1.126%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,505.6	−0.011%	$62K	$308K	10x	as long as short
Aftermath Perps ZECUSD	−0.0243%	1h	1,506.5	+0.047%	$48K	$58K	10x	as long as short
BloFin ZEC-USDT	−0.0163%	8h	1,505.6	−0.015%	$31.7M	$76.0M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,506.2	+0.025%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,506.2	+0.029%	$417K	$30K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,506.6	+0.054%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,505.7	−0.009%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,506.3	+0.031%	$18.4M	$47.5M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,505.7	−0.005%	$8K	$6K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0082%	1h	1,506.9	+0.071%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,506.3	+0.034%	$304K	$859K	20x	as long as short
Gate ZEC_USDT	+0.0090%	8h	1,506	+0.016%	$60.9M	$187.4M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,508.1	+0.151%	$19.5M	$45.4M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,508.3	+0.166%	$2.1M	$7.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,505.6	−0.015%	$172K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,506	+0.013%	$16K	$877K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,507.2	+0.095%	$62K	$16K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,506.4	+0.038%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,506	+0.014%	$787.0M	$442.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,505.1	−0.047%	$14.1M	$30.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,507.8	+0.133%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,506.4	+0.040%	$711.8M	$2.30B	75x	as long as short
Bybit ZECUSDTlong	+0.0100%	8h	1,505.8	long leg	$273.3M	$611.8M	75x
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,506.3	+0.031%	$185.5M	$1.36B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,504.4	−0.092%	$410K	$545K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,507.3	+0.099%	$598K	$8.8M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,508.1	+0.153%	$776K	$147K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,505.6	−0.013%	$406.0M	$841.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,506	+0.017%	$103.0M	$56.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,505.3	−0.033%	$163.2M	$291.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,505.8	0.000%	—	$119.8M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,506.3	+0.032%	$49.9M	$35.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,506.3	+0.032%	$550K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,506.7	+0.058%	$3.1M	$549K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,507.9	+0.137%	$414K	$953K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,505.4	−0.023%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,505.2	−0.039%	$374K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,506.1	+0.023%	$168K	$191K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,502	−0.251%	$449K	$419K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,508.5	+0.179%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,505.5	−0.017%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,509.4	+0.239%	$2.7M	$20.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,506	+0.014%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,506.7	+0.058%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,505.2	−0.037%	$44K	$153K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0131%	1h	1,506.2	+0.026%	$689K	$1.3M	25x	as long as short
RISEx ZEC/USDCshort	+0.0157%	1h	1,506.1	+0.018%	$967K	$1.1M	10x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0163% / S −0.0169%	1h	1,505.5	−0.021%	$334K	—	100x	as long as short
Backpack ZEC_USDC_PERP	+0.0168%	1h	1,506.1	+0.022%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,506.8	+0.068%	$3.8M	$9.9M	50x	as long as short