Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0153%/8h= +16.8% APRpaid last 24h +0.039%

Price spread now: RISEx against Orderly−0.036%7-day average +0.022% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.283%+$28 on $10k

Price spread, last 4 days (all we have)−0.331%−$33 · spread now −0.036%, 7d avg +0.022%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.058% cheaper against Orderly than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.022%). If the spread goes back, that is −$6 on $10k: about 31 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZEC_USDC	1,459.4	0.0063	pay 0.0063% / 8h	3h 16m	$292K	$916K	20x
Short	RISEx ZEC/USDC	1,458.9	0.0216	get 0.0027% / 1h	16m 34s	$922K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Orderly. 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 OrderlybpFee RISExbpOrdersPrice spread, now −0.036%Rate

Funding earned: $32.18
Price spread: −0.036% → +0.022%: −$5.84
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: $14.33
Costs to cover: 0.120%
Break-even: 3.9 days

Slippage unknown: Orderly: no order-book sample; RISEx: live order book, 2 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell RISEx live order book, 2 min ago	1.57 bp	4.6 bp −$5	9.0 bp −$90	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,461.1	+0.112%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,459.8	+0.027%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,459.6	+0.013%	$29.5M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,458.4	−0.069%	$405K	$41K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,458.9	−0.038%	$83K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,459.5	+0.008%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDClong	+0.0063%	8h	1,459.4	long leg	$292K	$916K	20x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0086% / S −0.0037%	1h	1,459.6	+0.015%	$435K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,459.1	−0.023%	$174K	$1.6M	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0097%	1h	1,458.4	−0.070%	$396K	$435K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps ZEC-USD	+0.0100%	8h	1,459.5	+0.003%	$14K	$802K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,459.2	−0.016%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,459.1	−0.023%	$2.8M	$6.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,458.9	−0.034%	$14.5M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,459.4	0.000%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,459.1	−0.024%	$671.2M	$2.17B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,458.5	−0.064%	$261.0M	$589.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,458.9	−0.038%	$179.0M	$1.20B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.9	−0.105%	$881K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,459	−0.027%	$52.1M	$172.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,458.9	−0.034%	$218.6M	$772.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,459.2	−0.015%	$102.9M	$53.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,459.4	−0.003%	$165.5M	$268.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,458.6	−0.056%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,459.8	+0.025%	$47.8M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,459.6	+0.015%	$568K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,461.4	+0.136%	$3.0M	$463K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,460.9	+0.103%	$404K	$944K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,459.8	+0.023%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,459	−0.029%	$355K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,459.6	+0.015%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,458.5	−0.062%	$445K	$504K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,461.8	+0.160%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,459.6	+0.012%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,458.9	−0.035%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,459.9	+0.034%	$3.8M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,458.7	−0.048%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,459.1	−0.020%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,459.8	+0.026%	$4.6M	$1.3M	10x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,460.4	+0.069%	$2.1M	$7.0M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,459.4	−0.001%	$8K	$7K	5x	as long as short
Hyperliquid ZEC	+0.0141%	1h	1,460.5	+0.074%	$760.9M	$424.6M	10x	as long as short
Lighter ZEC	+0.0160%	1h	1,460.5	+0.072%	$19.4M	$45.3M	20x	as long as short
Kalshi KXZECPERP	+0.0191%	8h	1,460.6	+0.081%	$1.5M	$4.4M	2.2x	as long as short
RISEx ZEC/USDCshort	+0.0216%	1h	1,458.9	−0.036%	$922K	$1.1M	10x
Deribit ZEC_USDC-PERPETUAL	+0.0227%	1h	1,460.2	+0.055%	$615K	$1.3M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0251%	1h	1,459.5	+0.003%	$2.4M	$3.8M	15x	as long as short
Kraken Futures PF_ZECUSD	+0.0332%	1h	1,459.3	−0.010%	$18.1M	$45.2M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,460.6	+0.080%	$686K	$8.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,461.7	+0.155%	$3.8M	$9.2M	50x	as long as short
Aftermath Perps ZECUSD	+0.0677%	1h	1,459.7	+0.021%	$45K	$49K	10x	as long as short