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% APRpaid last 24h 0.000%

Price spread now: HTX against Derive+0.129%484s7-day average +0.042% · you sell dearer than you buy

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

Long on Derive Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.364%−$36 on $10k

Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.129%, 7d avg +0.042%

Together, before fees−0.500%−$50 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: HTX is 0.087% dearer against Derive than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.042%. The two prices were read 484 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive ZEC-PERP	1,473.4	0.0100	pay 0.0013% / 1h	27m 56s	$450K	$500K	6.7x
Short	HTX ZEC-USDT	1,475.3	0.0100	get 0.0100% / 8h	1h 27m	$2.6M	$19.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Derive. 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 DerivebpFee HTXbpOrdersPrice spread, now +0.129%Rate

Funding earned: $0
Price spread: +0.129% → +0.042%: $8.72
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$9.28
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; HTX: live order book, 1 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell HTX live order book, 1 min ago	0.98 bp	9.8 bp −$10	14.7 bp −$147	30.4 bp −$3,035	86.3 bp −$43.2K

Derive: 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	−0.771%	$36K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0166%	1h	1,477.1	+0.251%	$892K	$9K	10x	as long as short
BloFin ZEC-USDT	−0.0123%	8h	1,477	+0.247%	$30.5M	$73.8M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,475.9	+0.172%	$17.9M	$47.0M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,476.2	+0.192%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,477.7	+0.291%	$411K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,478.2	+0.327%	$1.5M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,475.1	+0.118%	$63K	$303K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,475.6	+0.148%	$5.2M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0049%	1h	1,476.2	+0.191%	$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	+0.127%	$297K	$1.1M	20x	as long as short
Aftermath Perps ZECUSD	+0.0093%	1h	1,477.2	+0.260%	$47K	$64K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,475.7	+0.153%	$165K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,475.4	+0.138%	$10K	$871K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,475.9	+0.168%	$2.7M	$7.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,476	+0.179%	$13.8M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,475.8	+0.163%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,476.7	+0.227%	$687.5M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,476.1	+0.183%	$263.5M	$632.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,476.8	+0.234%	$178.8M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,475.2	+0.122%	$403K	$508K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,476.6	+0.217%	$54.2M	$183.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,476.7	+0.226%	$240.7M	$784.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476.6	+0.217%	$100.9M	$57.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,476.8	+0.234%	$158.9M	$288.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,477.2	+0.257%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,476.9	+0.234%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,477.6	+0.286%	$48.1M	$34.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,477.2	+0.255%	$565K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,478.3	+0.336%	$3.0M	$498K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.9	+0.236%	$406K	$935K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,478	+0.312%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,475.1	+0.116%	$355K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,476	+0.178%	$162K	$184K	20x	as long as short
Derive ZEC-PERPlong	+0.0100%	1h	1,473.4	long leg	$450K	$500K	6.7x
SunX ZEC-USDT	+0.0100%	8h	1,477.8	+0.296%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,475.7	+0.157%	$251K	$3.5M	10x	as long as short
HTX ZEC-USDTshort	+0.0100%	8h	1,475.3	+0.129%	$2.6M	$19.7M	75x
Phemex ZECUSDT	+0.0100%	8h	1,476.6	+0.215%	$3.9M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,475.6	+0.152%	$61K	$43K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,476.3	+0.200%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,475.3	+0.127%	$42K	$152K	20x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,475.7	+0.156%	$924K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,478.9	+0.371%	$4.7M	$1.4M	10x	as long as short
01 Exchange ZECUSD	+0.0136%	1h	1,476.2	+0.190%	$8K	$7K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0144% / S −0.0152%	1h	1,476.2	+0.187%	$478K	—	100x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,477.7	+0.293%	$634K	$8.6M	10x	as long as short
Lighter RH ZEC	+0.0248%	1h	1,477.4	+0.274%	$2.1M	$7.4M	10x	as long as short
Hyperliquid ZEC	+0.0252%	1h	1,477.8	+0.299%	$766.8M	$442.3M	10x	as long as short
Lighter ZEC	+0.0304%	1h	1,477.6	+0.286%	$19.4M	$45.8M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,476.9	+0.240%	$3.6M	$9.9M	50x	as long as short