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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.079%
Price spread now: Coinbase International against HTX+0.206%7-day average +0.152% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$440.440% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.261%+$26 on $10k
Price spread, last 3 days (all we have)+0.025%+$3 · spread now +0.206%, 7d avg +0.152%
Together, before fees+0.286%+$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.054% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.152%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ZEC-USDT1,473.70.0100pay 0.0100% / 8h7h 54m$2.5M$22.4M75x
ShortCoinbase International ZEC-PERP-INTX1,476.70.0448get 0.0056% / 1h54m 43s$3.8M$10.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$73.08
Price spread: +0.206% → +0.152%
$5.4
Slippage, 4 orders
−$22.03
Fee HTX: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$34.45
Costs to cover
0.440%
Break-even
3.7 days
Slippage from HTX: live order book, 4 min ago; Coinbase International: live order book, 4 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 HTX live order book, 4 min ago1.50 bp10.6 bp −$1113.6 bp −$13635.6 bp −$3,563122.1 bp −$61.0K
Sell Coinbase International live order book, 4 min ago2.88 bp11.8 bp −$1216.1 bp −$16148.1 bp −$4,809doesn'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−0.3321%1h1,475+0.087%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0342%1h1,474.4+0.051%$17.9M$43.7M25xas long as short
Ondo Perps ZEC-USD.P−0.0134%1h1,472.2−0.101%$399K$516K5xas long as short
Bybit ZECUSDT−0.0104%8h1,475.7+0.138%$275.5M$648.0M75xas long as short
BloFin ZEC-USDT−0.0101%8h1,474.7+0.070%$29.7M$74.7M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,476.6+0.199%$6K$2K10xas long as short
Variational Omni ZEC−0.0060%8h1,472.4−0.088%$47.7M$34.4Mas long as short
dYdX ZEC-USD0.0000%1h1,476+0.157%$416K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,474.8+0.074%$960K$5.6M2.2xas long as short
Perpl ZEC0.0000%43m1,473.9+0.015%$84K$406K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,474.1+0.027%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0015%8h1,473.8+0.005%$294K$1.4M20xas long as short
Phoenix ZEC+0.0024%1h1,470.8−0.199%$4.7M$1.6M10xas long as short
OKX ZEC-USDT-SWAP+0.0040%8h1,476.4+0.181%$182.3M$1.34B50xas long as short
01 Exchange ZECUSD+0.0048%1h1,477.8+0.276%$8K$8K5xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,474+0.021%$372K100xas long as short
Lighter ZEC+0.0096%1h1,477.7+0.273%$19.2M$50.2M20xas long as short
Popdex ZECUSDT+0.0096%1h1,476.9+0.218%$175K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,477.6+0.263%$13K$853K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,476.1+0.167%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,474.5+0.056%$2.6M$6.8M10xas long as short
Hyperliquid ZEC+0.0100%1h1,477.8+0.279%$766.3M$459.1M10xas long as short
Aster ZECUSDT+0.0100%8h1,476.6+0.199%$15.0M$32.4M75xas long as short
Pacifica ZEC+0.0100%1h1,476.6+0.198%$1.7M$2.9M10xas long as short
Binance ZECUSDT+0.0100%8h1,476.3+0.175%$685.8M$2.45B75xas long as short
Arcus ZEC-USD+0.0100%1h1,477.6+0.263%$688K$8.4M10xas long as short
Bulk ZEC-USD+0.0100%1h1,470.8−0.199%$895K$33K10xas long as short
Gate ZEC_USDT+0.0100%8h1,476.6+0.194%$51.5M$177.7M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,476.3+0.178%$230.9M$820.2M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,476.3+0.174%$105.3M$56.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,476.6+0.195%$164.3M$299.8M75xas long as short
BingX ZEC-USDC+0.0100%8h1,475.6+0.132%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,472−0.118%$550K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,474.1+0.028%$3.0M$454K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,472.7−0.066%$432K$851K50xas long as short
StandX ZEC-USD+0.0100%1h1,474+0.024%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,473.6−0.006%$334K$1.9M10xas long as short
Bullet ZEC-USD+0.0100%1h1,473.7−0.001%$128K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,472.1−0.108%$459K$509K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,476.1+0.162%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,474.2+0.034%$243K$4.4M10xas long as short
HTX ZEC-USDTlong+0.0100%8h1,473.7long leg$2.5M$22.4M75x
Phemex ZECUSDT+0.0100%8h1,474.6+0.064%$3.9M$5.4M50xas long as short
Extended ZEC-USD+0.0104%1h1,476.8+0.209%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,472.1−0.110%$29K$203K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0137%1h1,475.2+0.101%$615K$1.3M25xas long as short
RISEx ZEC/USDC+0.0228%1h1,477.3+0.248%$843K$1.2M10xas long as short
Coinbase International ZEC-PERP-INTXshort+0.0448%1h1,476.7+0.206%$3.8M$10.6M50x
Backpack ZEC_USDC_PERP+0.0615%1h1,476.3+0.179%$2.5M$3.8M15xas long as short
Lighter RH ZEC+0.0632%1h1,478.3+0.313%$2.0M$8.0M10xas long as short
Aftermath Perps ZECUSD+0.0776%1h1,473.8+0.008%$46K$46K10xas long as short