Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h −0.062%

Price spread now: BloFin against Pacifica−0.097%94s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as 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−$260.261% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.330%+$33 · spread now −0.097%, 7d avg −0.013%

Together, before fees+0.329%+ Points / potential airdropPacifica: Active · farm board+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.085% cheaper against Pacifica than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.013%). Swap the legs. The two prices were read 94 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	Pacifica ZEC	1,472	0.0100	pay 0.0013% / 1h	31m 15s	$1.7M	$2.4M	10x
Short	BloFin ZEC-USDT	1,470.5	−0.0079	pay 0.0079% / 8h	2h 31m	$29.8M	$71.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Pacifica. 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 PacificabpFee BloFinbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$37.63
Price spread: −0.097% → −0.013%: −$8.46
Slippage, 4 orders: −$6.07
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$72.17
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; BloFin: 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 Pacifica live order book, 3 min ago	1.87 bp	6.9 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.07 bp	6.1 bp −$6	8.2 bp −$82	12.1 bp −$1,207	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	−0.3243%	1h	1,473.3	+0.090%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.4	−0.103%	$6K	$1K	10x	as long as short
BloFin ZEC-USDTshort	−0.0079%	8h	1,470.5	−0.097%	$29.8M	$71.1M	75x
dYdX ZEC-USD	0.0000%	1h	1,472.1	+0.010%	$409K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.9	+0.065%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,471.5	−0.031%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.2	+0.013%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,472.6	+0.045%	$294K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,472	+0.006%	$8K	$7K	5x	as long as short
Bybit ZECUSDT	+0.0090%	8h	1,472.2	+0.017%	$261.6M	$588.4M	75x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,470.9	−0.072%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,471.7	−0.019%	$174K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0098% / S −0.0051%	1h	1,471.6	−0.023%	$438K	—	100x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,471.3	−0.045%	$13K	$812K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,471.6	−0.024%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,472	+0.003%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.7	+0.051%	$766.9M	$419.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,471.8	−0.008%	$14.4M	$28.0M	75x	as long as short
Pacifica ZEClong	+0.0100%	1h	1,472	long leg	$1.7M	$2.4M	10x
Binance ZECUSDT	+0.0100%	8h	1,472.2	+0.020%	$679.4M	$2.16B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,472.3	+0.024%	$178.6M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,466.9	−0.343%	$399K	$430K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.4	+0.031%	$889K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,471.9	−0.007%	$53.4M	$171.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,471.5	−0.034%	$222.7M	$762.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,471.9	−0.004%	$103.5M	$52.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.4	+0.033%	$166.7M	$267.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,472.1	+0.007%	—	$107.9M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,470.5	−0.096%	$48.2M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,469	−0.200%	$555K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,472.2	+0.019%	$3.0M	$455K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,470.8	−0.079%	$407K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,469.7	−0.152%	$49K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471.3	−0.044%	$360K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,471.8	−0.014%	$162K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,471.4	−0.038%	$449K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.1	+0.147%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.8	+0.058%	$235K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,470.8	−0.082%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472.3	+0.020%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.5	+0.039%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.6	+0.045%	$46K	$152K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,472.9	+0.061%	$2.1M	$7.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0139%	1h	1,473.1	+0.075%	$620K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0146%	1h	1,472.8	+0.058%	$18.0M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,471.9	−0.007%	$929K	$1.1M	10x	as long as short
Lighter ZEC	+0.0168%	1h	1,472.9	+0.064%	$19.5M	$44.0M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0359%	1h	1,474.1	+0.144%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,474.1	+0.147%	$3.8M	$9.2M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,473.2	+0.083%	$665K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0690%	1h	1,469.9	−0.141%	$45K	$49K	10x	as long as short