Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Pacifica+0.088%52s7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs+$24as 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−$210.215% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.458%+$46 on $10k

Price spread, last 7 days−0.098%−$10 · spread now +0.088%, 7d avg −0.050%

Together, before fees+0.360%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board+$36 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 0.138% dearer against Pacifica than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.050%. The two prices were read 52 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	1,469.3	0.0100	pay 0.0013% / 1h	34m 43s	$1.7M	$2.8M	10x
Short	edgeX ZECUSDC	1,470.6	0.0100	get 0.0050% / 4h	3h 34m	$572K	$9.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → −0.050%: $13.79
Slippage, 4 orders: −$4.47
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$7.68
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; edgeX: 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 Pacifica live order book, 4 min ago	1.05 bp	6.1 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	0.37 bp	4.9 bp −$5	9.1 bp −$91	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	−0.3321%	1h	1,470.8	+0.100%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0343%	1h	1,468.7	−0.041%	$17.8M	$43.0M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0150%	1h	1,468	−0.088%	$399K	$518K	5x	as long as short
BloFin ZEC-USDT	−0.0102%	8h	1,468.9	−0.029%	$29.7M	$73.2M	75x	as long as short
Bybit ZECUSDT	−0.0099%	8h	1,468.7	−0.038%	$273.8M	$637.0M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,469.4	+0.004%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0056%	8h	1,468.2	−0.076%	$47.6M	$34.2M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,468.6	−0.050%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.9	−0.024%	$957K	$5.3M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,468.7	−0.038%	$83K	$405K	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	1,468.7	−0.040%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,468.6	−0.049%	$293K	$1.4M	20x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,469.3	+0.001%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0045%	8h	1,469	−0.020%	$181.7M	$1.30B	50x	as long as short
Phoenix ZEC	+0.0054%	1h	1,470.9	+0.106%	$4.7M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,468.6	−0.046%	$377K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,468.5	−0.057%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,469.2	−0.004%	$14K	$832K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,469.2	−0.005%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,468.9	−0.026%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,469.5	+0.014%	$762.1M	$454.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,468.1	−0.081%	$14.9M	$31.9M	75x	as long as short
Pacifica ZEClong	+0.0100%	1h	1,469.3	long leg	$1.7M	$2.8M	10x
Binance ZECUSDT	+0.0100%	8h	1,469.2	−0.009%	$683.6M	$2.39B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,470.5	+0.084%	$701K	$8.5M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,471	+0.115%	$895K	$25K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,469.2	−0.010%	$51.2M	$179.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,469.2	−0.008%	$231.3M	$824.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,469.2	−0.008%	$104.8M	$55.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,469.2	−0.006%	$163.4M	$293.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,468.4	−0.062%	—	$6.7M	—	as long as short
edgeX ZECUSDCshort	+0.0100%	4h	1,470.6	+0.088%	$572K	$9.2M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,471.5	+0.152%	$3.0M	$466K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,470	+0.045%	$430K	$860K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.1	+0.051%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,468.1	−0.081%	$332K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,468.5	−0.051%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,466.8	−0.171%	$457K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,470.9	+0.110%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,468.5	−0.053%	$242K	$4.0M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,468	−0.086%	$2.5M	$21.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,469.4	+0.004%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,469.1	−0.010%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,468.2	−0.074%	$58K	$183K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0111%	1h	1,469.3	+0.002%	$604K	$1.3M	25x	as long as short
Lighter ZEC	+0.0184%	1h	1,470.5	+0.083%	$19.2M	$50.4M	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,469.8	+0.036%	$850K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,469.8	+0.031%	$3.8M	$10.1M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0528%	1h	1,469.1	−0.015%	$2.5M	$3.8M	15x	as long as short
Aftermath Perps ZECUSD	+0.0766%	1h	1,471	+0.117%	$44K	$47K	10x	as long as short
Lighter RH ZEC	+0.0776%	1h	1,470.8	+0.105%	$2.0M	$8.1M	10x	as long as short