Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:38 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.038%

Price spread now: Perpl against Extended+0.087%7-day average −0.025% · you sell dearer than you buy

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

Long on Extended Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 4 days (all we have)+1.726%+$173 · spread now +0.087%, 7d avg −0.025%

Together, before fees+1.611%+ Points / potential airdropExtended: Active · Perpl: Active · farm board+$161 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Perpl is 0.112% dearer against Extended than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of −0.025%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZEC-USD	1,464	0.0104	pay 0.0013% / 1h	57m 13s	$2.8M	$7.6M	10x
Short	Perpl ZEC	1,465.3	0	get 0.0000% / 43m	2m 13s	$84K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Extended. 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 ExtendedbpFee PerplbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$21.84
Price spread: +0.087% → −0.025%: $11.18
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$29.46
Costs to cover: 0.188%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 2 min ago; Perpl: no order-book sample. 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 Extended live order book, 2 min ago	3.00 bp	7.2 bp −$7	13.5 bp −$135	124.9 bp −$12.5K	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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 50 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	−0.3244%	1h	1,469.5	+0.375%	$34K	$272K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0175%	1h	1,466.9	+0.195%	$398K	$441K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.3	+0.428%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,466.6	+0.174%	$413K	$47K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,466.2	+0.146%	$972K	$4.7M	2.2x	as long as short
Perpl ZECshort	0.0000%	43m	1,465.3	+0.087%	$84K	$249K	10x
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463.8	−0.018%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0033%	8h	1,463.6	−0.030%	$292K	$984K	20x	as long as short
Popdex ZECUSDT	+0.0040%	1h	1,466.3	+0.154%	$173K	$1.8M	50x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,466.8	+0.189%	$8K	$8K	5x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,464	−0.004%	$383K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,469.6	+0.381%	$4.6M	$1.4M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0078%	1h	1,464.6	+0.037%	$609K	$1.3M	25x	as long as short
Variational Omni ZEC	+0.0079%	8h	1,468.1	+0.278%	$48.0M	$32.4M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0095%	8h	1,464.2	+0.012%	$180.4M	$1.24B	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,466.2	+0.147%	$16K	$845K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,467.1	+0.206%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,464.5	+0.033%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,465.3	+0.086%	$763.3M	$435.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,463.9	−0.006%	$14.7M	$28.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,466.7	+0.180%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,464.2	+0.009%	$676.8M	$2.25B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,464.2	+0.009%	$271.6M	$605.4M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	+0.174%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,464.3	+0.016%	$50.0M	$169.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,464.1	+0.004%	$216.0M	$768.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,463.7	−0.022%	$102.9M	$55.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,464.8	+0.051%	$162.7M	$275.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,464.1	+0.004%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,468	+0.273%	$571K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,469.2	+0.351%	$3.0M	$430K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.2	+0.349%	$427K	$880K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,467.9	+0.265%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,465.4	+0.093%	$342K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.8	−0.015%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.3	−0.117%	$446K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,468.8	+0.326%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,464.1	+0.006%	$241K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,464.1	+0.003%	$2.5M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,464.5	+0.032%	$3.9M	$5.2M	50x	as long as short
Extended ZEC-USDlong	+0.0104%	1h	1,464	long leg	$2.8M	$7.6M	10x
Aevo ZEC-PERP	+0.0104%	1h	1,463.8	−0.019%	$48K	$155K	20x	as long as short
Lighter ZEC	+0.0136%	1h	1,465.7	+0.117%	$19.2M	$45.8M	20x	as long as short
Lighter RH ZEC	+0.0144%	1h	1,466.2	+0.149%	$2.1M	$6.8M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,464.1	+0.006%	$18.0M	$43.7M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0252%	1h	1,464.9	+0.057%	$2.4M	$3.8M	15x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,468.5	+0.303%	$695K	$8.5M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,467.3	+0.225%	$852K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,465.9	+0.130%	$3.7M	$8.9M	50x	as long as short
Aftermath Perps ZECUSD	+0.0734%	1h	1,468.6	+0.310%	$43K	$46K	10x	as long as short