Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: Aster against HTX−0.118%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.479%−$48 · spread now −0.118%, 7d avg +0.010%

Together, before fees−0.398%+ Points / potential airdropAster: Stage 5 · farm board−$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.128% cheaper against HTX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZEC-USDT	1,502.5	0.0100	pay 0.0100% / 8h	6h 20m	$2.7M	$20.6M	75x
Short	Aster ZECUSDT	1,500.7	0.0100	get 0.0100% / 8h	6h 20m	$14.1M	$27.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → +0.010%: −$12.78
Slippage, 4 orders: −$9.72
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$42.5
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Aster: live order book, 1 min ago.

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 HTX live order book, 1 min ago	1.73 bp	9.0 bp −$9	13.7 bp −$137	35.5 bp −$3,554	doesn't fit
Sell Aster live order book, 1 min ago	0.30 bp	6.2 bp −$6	10.0 bp −$100	26.1 bp −$2,608	186.4 bp −$93.2K

ZEC on 50 exchanges

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	−0.3772%	1h	1,480	−1.498%	$36K	$274K	12x	as long as short
BloFin ZEC-USDT	−0.0186%	8h	1,502.2	−0.018%	$31.6M	$75.1M	75x	as long as short
Aftermath Perps ZECUSD	−0.0119%	1h	1,501.1	−0.090%	$46K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,501.6	−0.059%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0042%	1h	1,498.6	−0.259%	$408K	$507K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,504	+0.097%	$8K	$6K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,502.7	+0.016%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,499.9	−0.175%	$62K	$298K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,501.9	−0.041%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0009%	1h	1,502.6	+0.009%	$18.4M	$47.1M	25x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ZEC-USD	+0.0011%	1h	1,503	+0.033%	$414K	$34K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0076%	8h	1,501.7	−0.053%	$303K	$858K	20x	as long as short
RISEx ZEC/USDC	+0.0077%	1h	1,502.3	−0.014%	$924K	$1.3M	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,501.8	−0.049%	$19.7M	$41.2M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,503.4	+0.057%	$2.1M	$7.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,502.1	−0.025%	$172K	$1.7M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,501.9	−0.037%	$62K	$16K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,501.8	−0.049%	$19K	$879K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,502.4	−0.003%	$3.1M	$7.2M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,503.5	+0.067%	$788.1M	$429.9M	10x	as long as short
Aster ZECUSDTshort	+0.0100%	8h	1,500.7	−0.118%	$14.1M	$27.5M	75x
Pacifica ZEC	+0.0100%	1h	1,502.9	+0.026%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,500.5	−0.132%	$707.2M	$2.24B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,500.2	−0.151%	$275.5M	$598.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,502.5	0.000%	$185.0M	$1.33B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,503.4	+0.059%	$597K	$8.6M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.1	−0.561%	$775K	$158K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,502.5	−0.003%	$61.8M	$184.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,502.6	+0.007%	$175.5M	$848.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,502.6	+0.005%	$105.1M	$54.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,502.4	−0.009%	$163.9M	$286.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,501.5	−0.065%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,502.9	+0.025%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.2	−0.083%	$49.5M	$34.9M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,505.2	+0.177%	$550K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,501.7	−0.050%	$3.1M	$566K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.2	+0.115%	$411K	$957K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,503.1	+0.041%	$112K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,501.4	−0.073%	$372K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,501.9	−0.040%	$167K	$189K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,503.7	+0.081%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,502.1	−0.025%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDTlong	+0.0100%	8h	1,502.5	long leg	$2.7M	$20.6M	75x
Phemex ZECUSDT	+0.0100%	8h	1,502.9	+0.024%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,502.5	+0.004%	$2.8M	$7.4M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,501.7	−0.053%	$37K	$163K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0117%	1h	1,502.7	+0.013%	$688K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0139%	1h	1,502.9	+0.029%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0179% / S −0.0163%	1h	1,502	−0.034%	$372K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0336%	1h	1,503.5	+0.070%	$3.9M	$9.8M	50x	as long as short