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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0183%/8h= +20.1% APRpaid last 24h −0.007%
Price spread now: Deribit against edgeX−0.206%75s7-day average +0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$300.298% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.149%−$15 on $10k
Price spread, last 4 days (all we have)+1.523%+$152 · spread now −0.206%, 7d avg +0.121%
Together, before fees+1.374%+ Points / potential airdropedgeX: Active · farm board+$137 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.327% cheaper against edgeX than usual: you would sell low and buy high (spread −0.206% now, against its 7-day average of +0.121%). If the spread goes back, that is −$33 on $10k: about 5.9 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.149%, so the current rate has only just turned in your favour. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ZECUSDC1,453.50.0100pay 0.0050% / 4h1h 06m$566K$8.7M20x
ShortDeribit ZEC_USDC-PERPETUAL1,450.50.0283get 0.0035% / 1h6m 08s$609K$1.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against edgeX. 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
$38.46
Price spread: −0.206% → +0.121%
−$32.69
Slippage, 4 orders
−$13.81
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$24.04
Costs to cover
0.298%
Break-even
11.4 days
Slippage from edgeX: live order book, 3 min ago; Deribit: live order book, 3 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 edgeX live order book, 3 min ago0.38 bp5.0 bp −$59.3 bp −$93doesn't fitdoesn't fit
Sell Deribit live order book, 3 min ago5.40 bp9.4 bp −$916.1 bp −$161doesn't fitdoesn'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−0.3244%1h1,453.8+0.014%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,450.4−0.216%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0078%8h1,450.1−0.240%$29.2M$70.4M75xas long as short
dYdX ZEC-USD0.0000%1h1,449.9−0.250%$408K$42K5xas long as short
Kalshi KXZECPERP0.0000%8h1,450.2−0.228%$1.4M$4.6M2.2xas long as short
Perpl ZEC0.0000%43m1,450.4−0.213%$83K$241K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,449.6−0.269%$5.1M150xas long as short
Orderly PERP_ZEC_USDC+0.0054%8h1,449.8−0.257%$290K$964K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0062% / S −0.0012%1h1,449.5−0.276%$407K100xas long as short
Phoenix ZEC+0.0074%1h1,455+0.099%$4.6M$1.4M10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,450−0.243%$173K$1.7M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,449.7−0.266%$13K$869K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,450.3−0.224%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,450.3−0.222%$2.6M$6.3M10xas long as short
Hyperliquid ZEC+0.0100%1h1,451.1−0.167%$754.5M$434.0M10xas long as short
Aster ZECUSDT+0.0100%8h1,449.6−0.271%$14.4M$28.0M75xas long as short
Pacifica ZEC+0.0100%1h1,450.4−0.218%$1.6M$2.5M10xas long as short
Binance ZECUSDT+0.0100%8h1,449.9−0.249%$663.8M$2.23B75xas long as short
Bybit ZECUSDT+0.0100%8h1,449.6−0.271%$262.2M$605.6M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,450.2−0.230%$177.6M$1.22B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,449.3−0.292%$395K$438K5xas long as short
Bulk ZEC-USD+0.0100%1h1,457.5+0.269%$883K$21K10xas long as short
Gate ZEC_USDT+0.0100%8h1,450−0.247%$49.7M$175.9M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,450−0.241%$218.1M$782.3M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,449.8−0.256%$101.9M$55.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,449.9−0.252%$161.6M$272.7M75xas long as short
BingX ZEC-USDT+0.0100%8h1,449.9−0.248%$96.7Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,450.7−0.195%$2.4M$3.8M15xas long as short
Variational Omni ZEC+0.0100%8h1,449.4−0.285%$47.3M$32.8Mas long as short
edgeX ZECUSDClong+0.0100%4h1,453.5long leg$566K$8.7M20x
GRVT ZEC_USDT_Perp+0.0100%8h1,453.8+0.021%$3.0M$432K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,453.1−0.034%$409K$911K50xas long as short
StandX ZEC-USD+0.0100%1h1,452.3−0.085%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,449.6−0.271%$367K$1.9M10xas long as short
Bullet ZEC-USD+0.0100%1h1,450−0.244%$160K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,448.8−0.326%$442K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,452.8−0.053%$4K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,450.2−0.229%$232K$3.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,449.5−0.275%$2.7M$18.1M75xas long as short
Phemex ZECUSDT+0.0100%8h1,450.3−0.224%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,449.8−0.254%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,449.6−0.269%$47K$153K20xas long as short
01 Exchange ZECUSD+0.0136%1h1,450.1−0.234%$8K$7K5xas long as short
Kraken Futures PF_ZECUSD+0.0196%1h1,450.1−0.238%$18.0M$44.7M25xas long as short
Lighter ZEC+0.0232%1h1,451.5−0.138%$19.0M$46.8M20xas long as short
Arcus ZEC-USD+0.0277%1h1,452.3−0.086%$722K$8.5M10xas long as short
Deribit ZEC_USDC-PERPETUALshort+0.0283%1h1,450.5−0.206%$609K$1.3M25x
Lighter RH ZEC+0.0360%1h1,451.8−0.117%$2.0M$6.9M10xas long as short
RISEx ZEC/USDC+0.0409%1h1,450.6−0.201%$831K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0456%1h1,451.6−0.132%$3.7M$9.0M50xas long as short
Aftermath Perps ZECUSD+0.0687%1h1,454.7+0.079%$45K$49K10xas long as short