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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.008%
Price spread now: RISEx against Extended−0.033%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$210.211% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.204%+$20 on $10k
Price spread, last 7 days+0.056%+$6 · spread now −0.033%, 7d avg +0.057%
Together, before fees+0.260%+ Points / potential airdropExtended: Active · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.089% cheaper against Extended than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.057%). If the spread goes back, that is −$9 on $10k: about 5.9 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.204% in total) that is about 38 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ZEC-USD1,463.60.0104pay 0.0013% / 1h46m 04s$2.8M$7.8M10x
ShortRISEx ZEC/USDC1,463.10.0154get 0.0019% / 1h46m 04s$925K$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
$10.57
Price spread: −0.033% → +0.057%
−$8.95
Slippage, 4 orders
−$10.08
Fee Extended: 2.5 bp × 2 orders
−$5
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$19.46
Costs to cover
0.211%
Break-even
19.9 days
Slippage from Extended: live order book, 3 min ago; RISEx: 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 Extended live order book, 3 min ago3.89 bp6.5 bp −$68.0 bp −$8062.0 bp −$6,195doesn't fit
Sell RISEx live order book, 3 min ago1.09 bp4.1 bp −$48.2 bp −$82doesn'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−0.3243%1h1,467.5+0.266%$34K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,464.1+0.038%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0069%8h1,462.3−0.090%$29.6M$70.6M75xas long as short
dYdX ZEC-USD0.0000%1h1,462−0.110%$406K$37K5xas long as short
Kalshi KXZECPERP0.0000%8h1,463.6+0.003%$1.5M$4.4M2.2xas long as short
Perpl ZEC0.0000%43m1,462.3−0.084%$84K$239K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,463.6+0.001%$5.2M150xas long as short
01 Exchange ZECUSD+0.0040%1h1,463.2−0.028%$8K$7K5xas long as short
Orderly PERP_ZEC_USDC+0.0062%8h1,463.5−0.008%$292K$900K20xas long as short
Phoenix ZEC+0.0092%1h1,468.3+0.320%$4.7M$1.3M10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ZEC/USD [WBTC.b-USDC]L +0.0094% / S −0.0047%1h1,463.9+0.022%$436K100xas long as short
Bybit ZECUSDT+0.0096%8h1,462.8−0.053%$261.0M$589.4M75xas long as short
Lighter RH ZEC+0.0096%1h1,465+0.097%$2.1M$7.1M10xas long as short
Popdex ZECUSDT+0.0096%1h1,463−0.039%$173K$1.6M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,463.3−0.017%$13K$805K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,462−0.104%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,463.5−0.004%$2.9M$6.4M10xas long as short
Hyperliquid ZEC+0.0100%1h1,464.7+0.077%$762.6M$419.2M10xas long as short
Aster ZECUSDT+0.0100%8h1,463.4−0.014%$14.5M$28.0M75xas long as short
Pacifica ZEC+0.0100%1h1,462−0.110%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,463−0.037%$674.9M$2.17B75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,463.2−0.023%$178.1M$1.21B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,463.4−0.012%$397K$429K5xas long as short
Bulk ZEC-USD+0.0100%1h1,464.4+0.058%$885K$17K10xas long as short
Gate ZEC_USDT+0.0100%8h1,463−0.038%$52.7M$170.1M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,463.5−0.003%$218.5M$758.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,463.7+0.007%$103.0M$52.6M75xas long as short
Bitget ZECUSDT+0.0100%8h1,463.5−0.002%$165.8M$267.9M75xas long as short
BingX ZEC-USDC+0.0100%8h1,462.1−0.098%$6.7Mas long as short
Variational Omni ZEC+0.0100%8h1,462.5−0.072%$48.0M$32.4Mas long as short
edgeX ZECUSDC+0.0100%4h1,467.4+0.259%$573K$8.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,468.6+0.341%$3.0M$453K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,469.8+0.423%$406K$923K50xas long as short
StandX ZEC-USD+0.0100%1h1,466.1+0.169%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,463.2−0.025%$358K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,463.9+0.020%$161K$186K20xas long as short
Derive ZEC-PERP+0.0100%1h1,462.4−0.079%$446K$506K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,465.4+0.128%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,463.3−0.018%$234K$3.2M10xas long as short
HTX ZEC-USDT+0.0100%8h1,462.6−0.064%$2.7M$18.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,463.9+0.020%$3.9M$4.7M50xas long as short
Extended ZEC-USDlong+0.0104%1h1,463.6long leg$2.8M$7.8M10x
Aevo ZEC-PERP+0.0104%1h1,463.6+0.004%$47K$151K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0118%1h1,464.4+0.060%$616K$1.3M25xas long as short
Lighter ZEC+0.0128%1h1,464.8+0.085%$19.3M$43.8M20xas long as short
Kraken Futures PF_ZECUSD+0.0147%1h1,463.4−0.012%$18.0M$45.6M25xas long as short
RISEx ZEC/USDCshort+0.0154%1h1,463.1−0.033%$925K$1.1M10x
Backpack ZEC_USDC_PERP+0.0287%1h1,464+0.028%$2.4M$3.7M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0496%1h1,464.7+0.080%$3.7M$9.2M50xas long as short
Arcus ZEC-USD+0.0508%1h1,464.2+0.044%$673K$8.1M10xas long as short
Aftermath Perps ZECUSD+0.0680%1h1,465.7+0.147%$45K$49K10xas long as short