Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against Phemex+0.017%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$460.456% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.264%−$26 on $10k
Price spread, last 4 days (all we have)−1.397%−$140 · spread now +0.017%, 7d avg −0.017%
Together, before fees−1.661%+ Points / potential airdropPacifica: Active · farm board−$166 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: Pacifica is 0.034% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ZECUSDT1,507.90.0100pay 0.0100% / 8h7h 35m$4.0M$4.9M50x
ShortPacifica ZEC1,508.20.0100get 0.0013% / 1h35m 33s$1.7M$2.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Phemex. 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

Funding earned
$0
Price spread: +0.017% → −0.017%
$3.4
Slippage, 4 orders
−$25.63
Fee Phemex: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$42.23
Costs to cover
0.456%
Break-even
never at this rate
Slippage from Phemex: live order book, 3 min ago; Pacifica: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago2.99 bp11.5 bp −$1219.4 bp −$194doesn't fitdoesn't fit
Sell Pacifica live order book, 4 min ago1.36 bp6.1 bp −$6doesn't fitdoesn't fitdoesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3702%1h1,491.4−1.094%$36K$275K12xas long as short
Perpl ZEC−0.0447%43m1,505.7−0.149%$62K$305K10xas long as short
Aftermath Perps ZECUSD−0.0182%1h1,509.5+0.105%$48K$58K10xas long as short
BloFin ZEC-USDT−0.0149%8h1,507.2−0.047%$31.7M$76.7M75xas long as short
Bulk ZEC-USD−0.0098%1h1,506.5−0.091%$775K$147K10xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,506.7−0.081%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,507.8−0.009%$419K$34K5xas long as short
Kalshi KXZECPERP0.0000%8h1,508.1+0.009%$1.6M$5.0M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,507.3−0.044%$5.4M150xas long as short
Kraken Futures PF_ZECUSD+0.0019%1h1,508.3+0.023%$18.3M$47.6M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ZECUSD+0.0032%1h1,506.6−0.087%$8K$6K5xas long as short
ApeX Omni ZECUSDT+0.0078%1h1,507.8−0.005%$414K$952K50xas long as short
Phoenix ZEC+0.0082%1h1,509.3+0.089%$4.8M$1.4M10xas long as short
Orderly PERP_ZEC_USDC+0.0085%8h1,507.7−0.013%$304K$861K20xas long as short
Gate ZEC_USDT+0.0085%8h1,507.2−0.050%$60.6M$185.1M75xas long as short
Lighter ZEC+0.0096%1h1,508.9+0.067%$19.5M$44.8M20xas long as short
Lighter RH ZEC+0.0096%1h1,509+0.074%$2.1M$7.5M10xas long as short
Popdex ZECUSDT+0.0096%1h1,506.4−0.100%$172K$1.8M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,507.90.000%$62K$17K10xas long as short
Katana Perps ZEC-USD+0.0100%8h1,506.3−0.105%$16K$898K10xas long as short
Nado ZEC-PERP+0.0100%1h1,506.4−0.099%$3.1M$7.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,508.4+0.035%$789.8M$445.7M10xas long as short
Aster ZECUSDT+0.0100%8h1,507.2−0.050%$14.2M$30.8M75xas long as short
Pacifica ZECshort+0.0100%1h1,508.2+0.017%$1.7M$2.4M10x
Binance ZECUSDT+0.0100%8h1,508+0.003%$712.7M$2.33B75xas long as short
Bybit ZECUSDT+0.0100%8h1,507.5−0.030%$270.4M$624.9M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,507−0.064%$185.6M$1.37B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,505.7−0.147%$411K$544K5xas long as short
Arcus ZEC-USD+0.0100%1h1,507−0.059%$611K$9.0M10xas long as short
MEXC ZEC_USDT+0.0100%8h1,507−0.058%$407.0M$833.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,507.3−0.042%$103.0M$57.2M75xas long as short
Bitget ZECUSDT+0.0100%8h1,506.4−0.100%$163.0M$295.5M75xas long as short
BingX ZEC-USDT+0.0100%8h1,507−0.058%$120.1Mas long as short
Variational Omni ZEC+0.0100%8h1,506.9−0.064%$49.9M$35.9Mas long as short
edgeX ZECUSDC+0.0100%4h1,508.2+0.019%$556K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,506.5−0.091%$3.1M$533K10xas long as short
StandX ZEC-USD+0.0100%1h1,506.8−0.077%$50K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,506.6−0.087%$374K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,507.2−0.046%$169K$194K20xas long as short
Derive ZEC-PERP+0.0100%1h1,506.3−0.110%$450K$419K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,508.1+0.014%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,507.7−0.013%$255K$3.6M10xas long as short
HTX ZEC-USDT+0.0100%8h1,507.1−0.054%$2.7M$21.2M75xas long as short
Phemex ZECUSDTlong+0.0100%8h1,507.9long leg$4.0M$4.9M50x
Extended ZEC-USD+0.0104%1h1,506.3−0.105%$2.7M$8.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,507.5−0.025%$45K$153K20xas long as short
RISEx ZEC/USDC+0.0157%1h1,506.5−0.092%$967K$1.1M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0158% / S −0.0162%1h1,507.3−0.038%$334K100xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0300%1h1,508.8+0.060%$691K$1.4M25xas long as short
Coinbase International ZEC-PERP-INTX+0.0368%1h1,507.8−0.011%$3.8M$10.0M50xas long as short
Backpack ZEC_USDC_PERP+0.0410%1h1,508.1+0.012%$2.4M$3.8M15xas long as short