Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: edgeX against Popdex+0.219%59s7-day average −0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.320% of the position

Long on Popdex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 7 days−0.239%−$24 · spread now +0.219%, 7d avg −0.061%

Together, before fees−0.233%+ Points / potential airdropedgeX: Active · farm board−$23 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 0.281% dearer against Popdex than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.061%. The two prices were read 59 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	Popdex ZECUSDT	1,496	0.0096	pay 0.0012% / 1h	48m 35s	$169K	$1.4M	50x
Short	edgeX ZECUSDC	1,499.3	0.0100	get 0.0050% / 4h	1h 48m	$548K	$8.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Popdex. 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 PopdexbpFee edgeXbpOrdersPrice spread, now +0.219%Rate

Funding earned: $0.84
Price spread: +0.219% → −0.061%: $28.06
Slippage, 4 orders: −$16.6
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$3.11
Costs to cover: 0.320%
Break-even: 32.9 days

Slippage from Popdex: 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 Popdex live order book, 4 min ago	6.96 bp	10.6 bp −$11	16.7 bp −$167	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	0.70 bp	5.5 bp −$5	11.7 bp −$117	doesn't fit	doesn't fit

ZEC on 50 exchanges

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	−0.4130%	1h	1,490.6	−0.364%	$36K	$267K	12x	as long as short
ApeX Omni ZECUSDT	−0.0282%	1h	1,498.8	+0.186%	$410K	$949K	50x	as long as short
Ondo Perps ZEC-USD.P	−0.0219%	1h	1,496.7	+0.045%	$408K	$497K	5x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,498.2	+0.145%	$32.0M	$72.6M	75x	as long as short
Aftermath Perps ZECUSD	−0.0095%	1h	1,501.5	+0.366%	$46K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.6	+0.507%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,497.1	+0.070%	$412K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,498.9	+0.194%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,495.8	−0.014%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,503.6	+0.503%	$5.4M	—	150x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0024%	1h	1,496.1	+0.007%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0032%	1h	1,495.9	−0.008%	$919K	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0058%	1h	1,498.9	+0.190%	$683K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0060%	1h	1,503.9	+0.526%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0069%	8h	1,497.9	+0.123%	$302K	$855K	20x	as long as short
Aster ZECUSDT	+0.0089%	8h	1,496	+0.001%	$14.0M	$27.4M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,497.6	+0.104%	$19.9M	$39.1M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,498	+0.129%	$2.0M	$7.1M	10x	as long as short
Popdex ZECUSDTlong	+0.0096%	1h	1,496	long leg	$169K	$1.4M	50x
Katana Perps ZEC-USD	+0.0097%	8h	1,495.2	−0.053%	$25K	$878K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,497.9	+0.126%	$18.4M	$46.0M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,496.2	+0.013%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,496.6	+0.038%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,497.3	+0.086%	$786.8M	$430.8M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,497	+0.066%	$1.7M	$1.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,496.6	+0.036%	$703.5M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,496.2	+0.014%	$274.4M	$588.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,496.1	+0.006%	$185.0M	$1.30B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,497.2	+0.080%	$596K	$8.4M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,495.9	−0.006%	$62.5M	$172.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,496.5	+0.029%	$180.6M	$825.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,496.7	+0.042%	$104.8M	$52.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,496.4	+0.025%	$163.4M	$278.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,496.4	+0.025%	—	$122.3M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,497.5	+0.099%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,499.2	+0.212%	$49.3M	$34.0M	—	as long as short
edgeX ZECUSDCshort	+0.0100%	4h	1,499.3	+0.219%	$548K	$8.7M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503	+0.468%	$3.1M	$601K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,498.4	+0.160%	$111K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,496.3	+0.019%	$367K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,498.6	+0.173%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,500.5	+0.298%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,497.8	+0.120%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,497.8	+0.121%	$2.6M	$20.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,498.2	+0.143%	$4.0M	$4.8M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,505.5	+0.635%	$781K	$158K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,496.1	+0.009%	$2.7M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,498	+0.131%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0186% / S −0.0197%	1h	1,502.3	+0.422%	$350K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,499.8	+0.249%	$3.9M	$9.4M	50x	as long as short