Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: edgeX against OKX+0.098%71s7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs+$12as in the Funding arb table

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

costs, in and out, $10k−$210.206% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.327%+$33 on $10k

Price spread, last 7 days−0.134%−$13 · spread now +0.098%, 7d avg −0.056%

Together, before fees+0.193%+ Points / potential airdropedgeX: Active · farm board+$19 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: edgeX is 0.154% dearer against OKX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.056%. The two prices were read 71 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	OKX ZEC-USDT-SWAP	1,451.5	0.0100	pay 0.0100% / 8h	3h 46m	$177.4M	$1.21B	50x
Short	edgeX ZECUSDC	1,452.9	0.0100	get 0.0050% / 4h	3h 46m	$565K	$8.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +0.098%Rate

Funding earned: $0
Price spread: +0.098% → −0.056%: $15.37
Slippage, 4 orders: −$1.62
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$5.25
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; edgeX: 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 OKX live order book, 3 min ago	0.03 bp	5.3 bp −$5	8.5 bp −$85	17.8 bp −$1,782	doesn't fit
Sell edgeX live order book, 3 min ago	0.38 bp	4.9 bp −$5	9.3 bp −$93	doesn't fit	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	−0.3042%	1h	1,454	+0.174%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,451.5	−0.001%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,451.5	−0.003%	$29.4M	$70.3M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451.8	+0.023%	$409K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,453.1	+0.108%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,450.4	−0.079%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,451.5	−0.004%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,451.3	−0.013%	$290K	$943K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0079% / S −0.0028%	1h	1,451.6	+0.005%	$432K	—	100x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,452.6	+0.076%	$2.1M	$7.0M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,451.1	−0.025%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,451.1	−0.027%	$13K	$851K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,451.1	−0.028%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,451.7	+0.016%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,451.5	−0.001%	$14.7M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,451.6	+0.005%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,451.4	−0.008%	$666.5M	$2.20B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,451	−0.038%	$260.8M	$600.2M	75x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0100%	8h	1,451.5	long leg	$177.4M	$1.21B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,452.7	+0.082%	$394K	$439K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454	+0.172%	$878K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,451.4	−0.008%	$50.5M	$170.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,451.2	−0.019%	$216.4M	$766.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,451.2	−0.021%	$102.3M	$53.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,451.4	−0.008%	$164.9M	$270.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,451.3	−0.012%	—	$105.5M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,453	+0.105%	$47.6M	$32.7M	—	as long as short
edgeX ZECUSDCshort	+0.0100%	4h	1,452.9	+0.098%	$565K	$8.5M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,454	+0.171%	$3.0M	$451K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,453.1	+0.112%	$403K	$941K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,452.1	+0.041%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,451.1	−0.028%	$352K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,451.2	−0.019%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,450.5	−0.073%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,453.9	+0.165%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,451.6	+0.007%	$232K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,451	−0.035%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,452.5	+0.065%	$3.8M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,451.2	−0.023%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,451.4	−0.007%	$47K	$151K	20x	as long as short
Hyperliquid ZEC	+0.0111%	1h	1,452.5	+0.068%	$755.6M	$428.6M	10x	as long as short
Phoenix ZEC	+0.0116%	1h	1,454.5	+0.208%	$4.6M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,451.3	−0.013%	$8K	$7K	5x	as long as short
Backpack ZEC_USDC_PERP	+0.0133%	1h	1,452.1	+0.043%	$2.4M	$3.9M	15x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0155%	1h	1,452.2	+0.050%	$613K	$1.3M	25x	as long as short
Lighter ZEC	+0.0168%	1h	1,452.5	+0.068%	$19.1M	$44.7M	20x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,451.4	−0.006%	$918K	$1.1M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0334%	1h	1,451.7	+0.010%	$18.0M	$45.2M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,453.9	+0.164%	$690K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,453.4	+0.130%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0673%	1h	1,453.7	+0.151%	$44K	$49K	10x	as long as short