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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.016%
Price spread now: RISEx against edgeX+0.017%115s7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$220.218% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.194%+$19 on $10k
Price spread, last 7 days+0.006%+$1 · spread now +0.017%, 7d avg +0.083%
Together, before fees+0.200%+ Points / potential airdropedgeX: Active · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.065% cheaper against edgeX than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.083%). If the spread goes back, that is −$7 on $10k: about 7.4 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.194% in total) that is about 30 hours. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ZECUSDC1,484.80.0100pay 0.0050% / 4h1h 41m$568K$8.9M20x
ShortRISEx ZEC/USDC1,4850.0129get 0.0016% / 1h41m 34s$929K$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$6.18
Price spread: +0.017% → +0.083%
−$6.55
Slippage, 4 orders
−$6.82
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$22.19
Costs to cover
0.218%
Break-even
32.2 days
Slippage from edgeX: live order book, 2 min ago; RISEx: live order book, 2 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, 2 min ago0.78 bp5.3 bp −$59.5 bp −$95doesn't fitdoesn't fit
Sell RISEx live order book, 2 min ago2.63 bp5.6 bp −$610.3 bp −$103doesn'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−0.3684%1h1,484.2−0.040%$34K$273K12xas long as short
Bulk ZEC-USD−0.0118%1h1,480.8−0.266%$895K$15K10xas long as short
BloFin ZEC-USDT−0.0116%8h1,481.3−0.234%$30.7M$73.6M75xas long as short
Kraken Futures PF_ZECUSD−0.0097%1h1,483.2−0.103%$18.0M$46.5M25xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,483−0.118%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,482.9−0.127%$412K$35K5xas long as short
Kalshi KXZECPERP0.0000%8h1,482.6−0.145%$1.6M$4.6M2.2xas long as short
Perpl ZEC0.0000%43m1,481.8−0.198%$61K$297K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,483.4−0.090%$5.3M150xas long as short
Orderly PERP_ZEC_USDC+0.0074%8h1,483−0.121%$298K$1.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,483.3−0.102%$158K$1.7M50xas long as short
Nado ZEC-PERP+0.0100%1h1,482.7−0.142%$2.8M$6.7M10xas long as short
Aster ZECUSDT+0.0100%8h1,483.8−0.067%$13.9M$30.8M75xas long as short
Pacifica ZEC+0.0100%1h1,484.4−0.024%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,484.5−0.019%$691.1M$2.29B75xas long as short
Bybit ZECUSDT+0.0100%8h1,484.2−0.040%$269.7M$625.0M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,484.6−0.009%$179.7M$1.31B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,484.2−0.038%$405K$505K5xas long as short
Gate ZEC_USDT+0.0100%8h1,484.7−0.005%$54.3M$181.1M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,485.1+0.022%$239.3M$778.2M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,484.3−0.035%$101.8M$57.2M75xas long as short
Bitget ZECUSDT+0.0100%8h1,485.1+0.021%$160.2M$288.1M75xas long as short
BingX ZEC-USDT+0.0100%8h1,485.1+0.019%$114.8Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,484.1−0.043%$2.3M$3.9M15xas long as short
Variational Omni ZEC+0.0100%8h1,484.4−0.027%$48.5M$33.9Mas long as short
edgeX ZECUSDClong+0.0100%4h1,484.8long leg$568K$8.9M20x
GRVT ZEC_USDT_Perp+0.0100%8h1,485.5+0.049%$3.0M$488K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,486.5+0.116%$411K$933K50xas long as short
StandX ZEC-USD+0.0100%1h1,482.4−0.160%$56K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,482.3−0.166%$358K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,483.2−0.109%$163K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,482.1−0.180%$452K$500K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,485.2+0.032%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,483.4−0.093%$253K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,481−0.254%$2.6M$19.5M75xas long as short
Phemex ZECUSDT+0.0100%8h1,483.4−0.094%$4.0M$5.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,484.6−0.014%$61K$43K10xas long as short
Katana Perps ZEC-USD+0.0100%8h1,484.4−0.028%$11K$862K10xas long as short
Extended ZEC-USD+0.0104%1h1,484.4−0.024%$2.8M$7.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,482.9−0.125%$42K$152K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0125% / S −0.0114%1h1,482.9−0.125%$430K100xas long as short
01 Exchange ZECUSD+0.0128%1h1,485.2+0.030%$8K$7K5xas long as short
RISEx ZEC/USDCshort+0.0129%1h1,485+0.017%$929K$1.2M10x
Phoenix ZEC+0.0134%1h1,485+0.013%$4.7M$1.4M10xas long as short
Aftermath Perps ZECUSD+0.0173%1h1,484−0.053%$47K$64K10xas long as short
Hyperliquid ZEC+0.0200%1h1,485.6+0.056%$771.9M$441.5M10xas long as short
Arcus ZEC-USD+0.0221%1h1,486.6+0.121%$628K$8.6M10xas long as short
Lighter ZEC+0.0280%1h1,485.8+0.072%$19.4M$45.6M20xas long as short
Lighter RH ZEC+0.0280%1h1,485.9+0.077%$2.1M$7.3M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0288%1h1,483.9−0.059%$706K$1.4M25xas long as short
Coinbase International ZEC-PERP-INTX+0.0480%1h1,483.5−0.083%$3.6M$9.9M50xas long as short