Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.008%

Price spread now: Extended against HTX−0.059%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.304%+$30 on $10k

Price spread, last 3 days (all we have)−0.138%−$14 · spread now −0.059%, 7d avg +0.015%

Together, before fees+0.166%+ Points / potential airdropExtended: Active · farm board+$17 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: Extended is 0.074% cheaper against HTX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZEC-USDT	1,471	0.0100	pay 0.0100% / 8h	25m 57s	$2.5M	$23.1M	75x
Short	Extended ZEC-USD	1,470.1	0.0104	get 0.0013% / 1h	25m 57s	$3.3M	$6.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0.84
Price spread: −0.059% → +0.015%: −$7.39
Slippage, 4 orders: −$12.33
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$35.88
Costs to cover: 0.293%
Break-even: 306.0 days

Slippage from HTX: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago	2.28 bp	9.9 bp −$10	15.2 bp −$152	38.5 bp −$3,855	doesn't fit
Sell Extended live order book, 3 min ago	1.92 bp	6.7 bp −$7	12.9 bp −$129	92.8 bp −$9,281	doesn't fit

ZEC on 51 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	−0.3089%	1h	1,471.6	+0.040%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0261%	1h	1,468.3	−0.184%	$399K	$515K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,471.2	+0.011%	$17.9M	$44.3M	25x	as long as short
Bybit ZECUSDT	−0.0115%	8h	1,468.4	−0.179%	$274.6M	$653.2M	75x	as long as short
BloFin ZEC-USDT	−0.0102%	8h	1,472.2	+0.081%	$29.8M	$75.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.6	+0.109%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0060%	8h	1,471.8	+0.051%	$46.8M	$33.9M	—	as long as short
ApeX Omni ZECUSDT	−0.0006%	1h	1,470.3	−0.050%	$431K	$842K	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.1	+0.143%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.5	+0.103%	$903K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,471.6	+0.042%	$84K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,471.4	+0.029%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0013%	8h	1,471.2	+0.012%	$295K	$1.4M	20x	as long as short
01 Exchange ZECUSD	+0.0016%	1h	1,471.5	+0.035%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0024%	1h	1,470.8	−0.014%	$4.6M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0037%	8h	1,468.9	−0.145%	$180.6M	$1.34B	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0042%	1h	1,472.1	+0.072%	$614K	$1.3M	25x	as long as short
Gate ZEC_USDT	+0.0045%	8h	1,469.4	−0.110%	$50.8M	$186.6M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,471.4	+0.029%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,472.2	+0.082%	$19.2M	$52.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,471.1	+0.005%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,470.2	−0.056%	$13K	$834K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.4	+0.092%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,471.8	+0.055%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,471.3	+0.020%	$762.7M	$474.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,469.7	−0.088%	$14.9M	$32.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,473.3	+0.153%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,469	−0.134%	$683.4M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,473.1	+0.140%	$702K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,469.8	−0.085%	$894K	$39K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,469.5	−0.103%	$232.8M	$839.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,469.7	−0.086%	$103.5M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,469.7	−0.086%	$162.9M	$301.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,469.6	−0.096%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,470.6	−0.028%	$513K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,470.2	−0.057%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.2	−0.054%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471	0.000%	$344K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,471	−0.003%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,469.7	−0.090%	$448K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,473.3	+0.156%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,471.1	+0.005%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDTlong	+0.0100%	8h	1,471	long leg	$2.5M	$23.1M	75x
Phemex ZECUSDT	+0.0100%	8h	1,471.8	+0.056%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USDshort	+0.0104%	1h	1,470.1	−0.059%	$3.3M	$6.9M	10x
Aevo ZEC-PERP	+0.0104%	1h	1,471.5	+0.035%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,472	+0.066%	$825K	$1.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0419%	1h	1,471.2	+0.014%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,474.9	+0.265%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0456%	1h	1,473.4	+0.163%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0722%	1h	1,472.4	+0.094%	$46K	$47K	10x	as long as short