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

ZEC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%
Price spread now: edgeX against Hotstuff+0.037%7-day average · 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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · edgeX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.037% dearer against Hotstuff than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ZEC-PERP1,502.7−0.0080get 0.0010% / 1h29m 09s$6K$1K10x
ShortedgeX ZECUSDC1,503.30.0100get 0.0050% / 4h3h 29m$554K$9.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Hotstuff. 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
$37.8
Price spread: +0.037% → 0.000%
$3.68
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$27.48
Costs to cover
0.140%
Break-even
1.9 days
Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 5 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 Hotstuff no order-book sample
Sell edgeX live order book, 5 min ago0.43 bp5.0 bp −$59.0 bp −$90doesn't fitdoesn't fit
Hotstuff: 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−0.3702%1h1,491.4−0.753%$36K$275K12xas long as short
Perpl ZEC−0.0447%43m1,502.5−0.013%$62K$305K10xas long as short
Aftermath Perps ZECUSD−0.0205%1h1,505.3+0.170%$48K$58K10xas long as short
BloFin ZEC-USDT−0.0160%8h1,504.9+0.141%$31.8M$76.5M75xas long as short
Bulk ZEC-USD−0.0098%1h1,506.5+0.252%$775K$147K10xas long as short
Hotstuff ZEC-PERPlong−0.0080%1h1,502.7long leg$6K$1K10x
dYdX ZEC-USD0.0000%1h1,503.7+0.063%$418K$34K5xas long as short
Kalshi KXZECPERP0.0000%8h1,504.7+0.130%$1.6M$5.0M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,504.8+0.136%$5.4M150xas long as short
Kraken Futures PF_ZECUSD+0.0019%1h1,504.9+0.145%$18.3M$47.9M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ZECUSD+0.0032%1h1,504.6+0.122%$8K$6K5xas long as short
Phoenix ZEC+0.0082%1h1,504.2+0.095%$4.8M$1.4M10xas long as short
Gate ZEC_USDT+0.0084%8h1,504.5+0.114%$60.6M$186.0M75xas long as short
Orderly PERP_ZEC_USDC+0.0084%8h1,504.7+0.128%$304K$861K20xas long as short
Lighter ZEC+0.0096%1h1,505.9+0.211%$19.5M$45.1M20xas long as short
Lighter RH ZEC+0.0096%1h1,506.1+0.226%$2.1M$7.5M10xas long as short
Popdex ZECUSDT+0.0096%1h1,504.5+0.117%$172K$1.8M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,504.4+0.113%$62K$17K10xas long as short
Katana Perps ZEC-USD+0.0100%8h1,503.8+0.071%$16K$898K10xas long as short
Nado ZEC-PERP+0.0100%1h1,504.1+0.094%$3.1M$7.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,504.9+0.144%$787.3M$446.9M10xas long as short
Aster ZECUSDT+0.0100%8h1,504.2+0.096%$14.1M$30.5M75xas long as short
Pacifica ZEC+0.0100%1h1,504.4+0.112%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,504.8+0.139%$710.7M$2.33B75xas long as short
Bybit ZECUSDT+0.0100%8h1,504.1+0.093%$269.5M$623.8M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,504.3+0.105%$185.1M$1.37B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,504.9+0.144%$408K$558K5xas long as short
Arcus ZEC-USD+0.0100%1h1,505+0.149%$609K$9.0M10xas long as short
MEXC ZEC_USDT+0.0100%8h1,504.8+0.138%$406.4M$835.8M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,504.7+0.132%$102.8M$57.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,504.4+0.112%$162.7M$295.6M75xas long as short
BingX ZEC-USDT+0.0100%8h1,504.5+0.114%$120.2Mas long as short
Variational Omni ZEC+0.0100%8h1,502.5−0.013%$49.7M$36.0Mas long as short
edgeX ZECUSDCshort+0.0100%4h1,503.3+0.037%$554K$9.2M20x
GRVT ZEC_USDT_Perp+0.0100%8h1,502.70.000%$3.1M$533K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,503.6+0.055%$413K$952K50xas long as short
StandX ZEC-USD+0.0100%1h1,503+0.020%$50K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,504.8+0.137%$374K$1.6M10xas long as short
Bullet ZEC-USD+0.0100%1h1,504.8+0.138%$168K$194K20xas long as short
Derive ZEC-PERP+0.0100%1h1,502−0.048%$449K$419K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,506+0.218%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,504.7+0.133%$254K$3.6M10xas long as short
HTX ZEC-USDT+0.0100%8h1,500.9−0.124%$2.7M$21.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,505.4+0.176%$4.0M$4.9M50xas long as short
Extended ZEC-USD+0.0104%1h1,504.7+0.131%$2.8M$8.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,504.5+0.120%$44K$153K20xas long as short
RISEx ZEC/USDC+0.0157%1h1,504.3+0.103%$996K$1.1M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0160% / S −0.0164%1h1,503.1+0.027%$334K100xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0233%1h1,505.7+0.198%$689K$1.4M25xas long as short
Backpack ZEC_USDC_PERP+0.0276%1h1,505.1+0.160%$2.4M$3.8M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0368%1h1,504.8+0.140%$3.8M$10.1M50xas long as short