Funding arb · Price arb /

ZEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: Aster against Nado+0.143%48s7-day average −0.058% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$200.200% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.054%−$5 on $10k

Price spread, last 7 days−0.224%−$22 · spread now +0.143%, 7d avg −0.058%

Together, before fees−0.278%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$28 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 0.201% dearer against Nado than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.058%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZEC-PERP	1,474.5	0.0100	pay 0.0012% / 1h	54m 43s	$2.6M	$6.8M	10x
Short	Aster ZECUSDT	1,476.6	0.0100	get 0.0100% / 8h	7h 54m	$15.0M	$32.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.143%Rate

Funding earned: $0
Price spread: +0.143% → −0.058%: $20.06
Slippage, 4 orders: −$5.01
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $0.04
Costs to cover: 0.200%
Break-even: from the start

Slippage from Nado: live order book, 4 min ago; Aster: live order book, 4 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 Nado live order book, 4 min ago	0.03 bp	4.8 bp −$5	11.0 bp −$110	42.9 bp −$4,292	doesn't fit
Sell Aster live order book, 4 min ago	1.26 bp	5.3 bp −$5	8.2 bp −$82	25.1 bp −$2,507	158.5 bp −$79.3K

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	−0.3321%	1h	1,475	+0.031%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0342%	1h	1,474.4	−0.005%	$17.9M	$43.7M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0134%	1h	1,472.2	−0.157%	$399K	$516K	5x	as long as short
Bybit ZECUSDT	−0.0104%	8h	1,475.7	+0.082%	$275.5M	$648.0M	75x	as long as short
BloFin ZEC-USDT	−0.0101%	8h	1,474.7	+0.014%	$29.7M	$74.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,476.6	+0.142%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0060%	8h	1,472.4	−0.145%	$47.7M	$34.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,476	+0.101%	$416K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,474.8	+0.018%	$960K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473.9	−0.041%	$84K	$406K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.1	−0.029%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,473.8	−0.051%	$294K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,470.8	−0.255%	$4.7M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,476.4	+0.125%	$182.3M	$1.34B	50x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,477.8	+0.220%	$8K	$8K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,474	−0.036%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,477.7	+0.216%	$19.2M	$50.2M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,476.9	+0.161%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,477.6	+0.206%	$13K	$853K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,476.1	+0.111%	$61K	$39K	10x	as long as short
Nado ZEC-PERPlong	+0.0100%	1h	1,474.5	long leg	$2.6M	$6.8M	10x
Hyperliquid ZEC	+0.0100%	1h	1,477.8	+0.222%	$766.3M	$459.1M	10x	as long as short
Aster ZECUSDTshort	+0.0100%	8h	1,476.6	+0.143%	$15.0M	$32.4M	75x
Pacifica ZEC	+0.0100%	1h	1,476.6	+0.142%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,476.3	+0.119%	$685.8M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,477.6	+0.207%	$688K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.8	−0.256%	$895K	$33K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,476.6	+0.138%	$51.5M	$177.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,476.3	+0.121%	$230.9M	$820.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476.3	+0.118%	$105.3M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,476.6	+0.139%	$164.3M	$299.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,475.6	+0.075%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,472	−0.174%	$550K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.1	−0.028%	$3.0M	$454K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.7	−0.122%	$432K	$851K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,474	−0.033%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,473.6	−0.062%	$334K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,473.7	−0.057%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.1	−0.164%	$459K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.1	+0.106%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,474.2	−0.022%	$243K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473.7	−0.056%	$2.5M	$22.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.6	+0.008%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,476.8	+0.153%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.1	−0.167%	$29K	$203K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0137%	1h	1,475.2	+0.045%	$615K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,477.3	+0.192%	$843K	$1.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,476.7	+0.149%	$3.8M	$10.6M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0615%	1h	1,476.3	+0.123%	$2.5M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0632%	1h	1,478.3	+0.256%	$2.0M	$8.0M	10x	as long as short
Aftermath Perps ZECUSD	+0.0776%	1h	1,473.8	−0.048%	$46K	$46K	10x	as long as short