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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: StandX against Pacifica−0.420%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs+$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Pacifica Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.429%+$43 on $10k

Price spread, last 7 days+0.428%+$43 · spread now −0.420%, 7d avg +0.019%

Together, before fees+0.858%+ Points / potential airdropPacifica: Active · StandX: Active · farm board+$86 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: StandX is 0.440% cheaper against Pacifica than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ZEC	1,502.3	0.0100	pay 0.0013% / 1h	19m 31s	$1.7M	$2.4M	10x
Short	StandX ZEC-USD	1,496	0.0100	get 0.0013% / 1h	19m 31s	$56K	$4.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.420%Rate

Funding earned: $0
Price spread: −0.420% → +0.019%: −$43.98
Slippage, 4 orders: −$16.58
Fee Pacifica: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: −$76.56
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Pacifica: live order book, 5 min ago; StandX: 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, 5 min ago	1.37 bp	6.7 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell StandX live order book, 4 min ago	5.49 bp	10.3 bp −$10	13.7 bp −$137	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	−0.3442%	1h	1,479.6	−1.512%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,500.7	−0.107%	$61K	$303K	10x	as long as short
BloFin ZEC-USDT	−0.0143%	8h	1,495.8	−0.430%	$31.1M	$75.5M	75x	as long as short
Bulk ZEC-USD	−0.0108%	1h	1,495.7	−0.438%	$810K	$100K	10x	as long as short
Aftermath Perps ZECUSD	−0.0106%	1h	1,495.9	−0.425%	$48K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,496.8	−0.368%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,502	−0.017%	$417K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,496.9	−0.356%	$1.5M	$4.4M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,503	+0.047%	$5.4M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0011%	1h	1,497.2	−0.342%	$684K	$1.4M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,497	−0.352%	$18.0M	$47.0M	25x	as long as short
Ondo Perps ZEC-USD.P	+0.0043%	1h	1,493.6	−0.579%	$408K	$554K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,496.4	−0.395%	$301K	$864K	20x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,502.8	+0.032%	$8K	$6K	5x	as long as short
Phoenix ZEC	+0.0096%	1h	1,496	−0.418%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,502.5	+0.013%	$183K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,502.6	+0.022%	$12K	$891K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,502.6	+0.023%	$62K	$20K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,501.9	−0.026%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,503.2	+0.060%	$785.3M	$439.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,501.9	−0.024%	$14.0M	$30.8M	75x	as long as short
Pacifica ZEClong	+0.0100%	1h	1,502.3	long leg	$1.7M	$2.4M	10x
Binance ZECUSDT	+0.0100%	8h	1,502.4	+0.006%	$703.8M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,501.9	−0.026%	$269.9M	$617.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,502.3	−0.002%	$183.3M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,502.7	+0.024%	$56.9M	$185.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,502.6	+0.018%	$243.0M	$803.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,502.5	+0.014%	$103.2M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,502.5	+0.011%	$162.4M	$289.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,502.9	+0.039%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,495.2	−0.473%	$48.9M	$34.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,493.9	−0.558%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,496.3	−0.399%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,494.6	−0.513%	$411K	$946K	50x	as long as short
StandX ZEC-USDshort	+0.0100%	1h	1,496	−0.420%	$56K	$4.6M	30x
Polymarket Perps ZEC-USD	+0.0100%	1h	1,502.3	0.000%	$360K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,502.8	+0.037%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.5	−0.586%	$456K	$469K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,498.7	−0.239%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,496.8	−0.365%	$253K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,495.4	−0.459%	$2.6M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,496.8	−0.368%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,502.6	+0.019%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,496.6	−0.381%	$43K	$151K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,503.7	+0.091%	$2.1M	$7.4M	10x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,503	+0.045%	$946K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0145% / S −0.0142%	1h	1,499.6	−0.178%	$333K	—	100x	as long as short
Lighter ZEC	+0.0216%	1h	1,503.7	+0.090%	$19.9M	$45.6M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,503.3	+0.070%	$609K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,496.6	−0.379%	$3.7M	$9.8M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0537%	1h	1,500.7	−0.107%	$2.3M	$3.8M	15x	as long as short