Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: SunX against Derive+0.339%7-day average +0.167% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.048%+$5 on $10k
Price spread, last 3 days (all we have)−0.459%−$46 · spread now +0.339%, 7d avg +0.167%
Together, before fees−0.411%−$41 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: SunX is 0.173% dearer against Derive than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.167%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive ZEC-PERP1,469.30.0100pay 0.0013% / 1h27m 23s$458K$509K6.7x
ShortSunX ZEC-USDT1,474.30.0100get 0.0100% / 8h7h 27m$3K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$0
Price spread: +0.339% → +0.167%
$17.27
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee SunX: 4 bp × 2 orders
−$8
Net
$3.27
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Derive: no order-book sample; SunX: live order book, 6 min ago. 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 Derive no order-book sample
Sell SunX live order book, 6 min ago29.05 bp67.2 bp −$67doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3321%1h1,472.4+0.206%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0343%1h1,470.5+0.079%$17.8M$43.0M25xas long as short
Ondo Perps ZEC-USD.P−0.0111%1h1,467.9−0.098%$399K$517K5xas long as short
BloFin ZEC-USDT−0.0109%8h1,470.3+0.068%$29.7M$73.1M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,470.6+0.088%$6K$2K10xas long as short
Variational Omni ZEC−0.0053%8h1,469−0.020%$47.6M$33.8Mas long as short
Bybit ZECUSDT−0.0007%8h1,470+0.045%$274.0M$634.0M75xas long as short
dYdX ZEC-USD0.0000%1h1,470.8+0.098%$414K$103K5xas long as short
Kalshi KXZECPERP0.0000%8h1,472.1+0.190%$959K$5.2M2.2xas long as short
Perpl ZEC0.0000%43m1,469.6+0.020%$83K$405K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,470+0.047%$5.2M150xas long as short
01 Exchange ZECUSD+0.0008%1h1,469.9+0.035%$8K$8K5xas long as short
Orderly PERP_ZEC_USDC+0.0015%8h1,470.8+0.098%$294K$1.3M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0030%1h1,471.5+0.147%$605K$1.3M25xas long as short
OKX ZEC-USDT-SWAP+0.0051%8h1,470+0.047%$181.9M$1.30B50xas long as short
Phoenix ZEC+0.0054%1h1,473.1+0.258%$4.7M$1.6M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,469.9+0.039%$378K100xas long as short
Popdex ZECUSDT+0.0096%1h1,470.2+0.058%$175K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,469.7+0.026%$20K$838K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,471+0.115%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,470.7+0.095%$2.6M$6.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,471.4+0.140%$763.1M$455.1M10xas long as short
Aster ZECUSDT+0.0100%8h1,470.5+0.080%$14.9M$31.7M75xas long as short
Pacifica ZEC+0.0100%1h1,470.8+0.097%$1.7M$2.8M10xas long as short
Binance ZECUSDT+0.0100%8h1,470.2+0.060%$684.5M$2.37B75xas long as short
Arcus ZEC-USD+0.0100%1h1,471.5+0.144%$699K$8.5M10xas long as short
Gate ZEC_USDT+0.0100%8h1,470.4+0.073%$51.3M$179.3M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,470.2+0.060%$230.8M$826.3M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,469.9+0.034%$104.7M$55.6M75xas long as short
Bitget ZECUSDT+0.0100%8h1,470.3+0.062%$163.6M$292.5M75xas long as short
BingX ZEC-USDT+0.0100%8h1,470.3+0.064%$100.2Mas long as short
edgeX ZECUSDC+0.0100%4h1,470.8+0.102%$572K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,470.9+0.108%$3.0M$454K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,470.1+0.049%$430K$868K50xas long as short
StandX ZEC-USD+0.0100%1h1,472.6+0.220%$110K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,470+0.045%$340K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,470+0.047%$128K$159K20xas long as short
Derive ZEC-PERPlong+0.0100%1h1,469.3long leg$458K$509K6.7x
SunX ZEC-USDTshort+0.0100%8h1,474.3+0.339%$3K$1.2M20x
SoDEX ZEC-USD+0.0100%1h1,470.5+0.078%$242K$3.9M10xas long as short
HTX ZEC-USDT+0.0100%8h1,471.9+0.173%$2.5M$21.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,471+0.113%$3.9M$5.3M50xas long as short
Bulk ZEC-USD+0.0100%1h1,471.7+0.161%$895K$24K10xas long as short
Extended ZEC-USD+0.0104%1h1,469.7+0.023%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,471+0.115%$56K$167K20xas long as short
Lighter ZEC+0.0200%1h1,471.7+0.163%$19.2M$50.4M20xas long as short
RISEx ZEC/USDC+0.0228%1h1,470.4+0.070%$852K$1.1M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,472.9+0.240%$3.8M$10.1M50xas long as short
Backpack ZEC_USDC_PERP+0.0539%1h1,471.3+0.132%$2.5M$3.9M15xas long as short
Aftermath Perps ZECUSD+0.0771%1h1,471.3+0.135%$44K$46K10xas long as short
Lighter RH ZEC+0.0792%1h1,473+0.251%$2.0M$8.1M10xas long as short