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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%
Price spread now: SunX against Popdex+0.299%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1271.267% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.008%+$1 on $10k
Price spread, last 3 days (all we have)+0.749%+$75 · spread now +0.299%, 7d avg +0.099%
Together, before fees+0.757%+$76 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: SunX is 0.200% dearer against Popdex than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.099%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex ZECUSDT1,479.50.0096pay 0.0012% / 1h31m 05s$174K$2.0M50x
ShortSunX ZEC-USDT1,4840.0100get 0.0100% / 8h3h 31m$3K$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$0.84
Price spread: +0.299% → +0.099%
$20.04
Slippage, 4 orders
−$112.27
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee SunX: 4 bp × 2 orders
−$8
Net
−$105.79
Costs to cover
1.267%
Break-even
888.6 days
Slippage from Popdex: live order book, 4 min ago; SunX: live order book, 3 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 Popdex live order book, 4 min ago0.75 bp4.1 bp −$411.6 bp −$116doesn't fitdoesn't fit
Sell SunX live order book, 3 min ago29.05 bp68.4 bp −$68doesn'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−0.3181%1h1,480.9+0.091%$34K$159K12xas long as short
Variational Omni ZEC−0.0090%8h1,479.3−0.014%$47.8M$30.5Mas long as short
Hotstuff ZEC-PERP−0.0080%1h1,480.6+0.072%$6K$2K10xas long as short
BloFin ZEC-USDT−0.0078%8h1,481.1+0.109%$29.6M$78.1M75xas long as short
Bybit ZECUSDT−0.0064%8h1,481.3+0.122%$278.2M$690.3M75xas long as short
Kraken Futures PF_ZECUSD−0.0052%1h1,480.7+0.077%$18.1M$44.9M25xas long as short
ApeX Omni ZECUSDT−0.0046%1h1,478.8−0.049%$735K$604K50xas long as short
Orderly PERP_ZEC_USDC−0.0006%8h1,480.5+0.067%$288K$1.5M20xas long as short
dYdX ZEC-USD0.0000%1h1,479.9+0.025%$417K$107K5xas long as short
Kalshi KXZECPERP0.0000%8h1,480.6+0.074%$990K$5.4M2.2xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ZEC0.0000%43m1,479.7+0.011%$84K$416K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,480.4+0.060%$5.2M150xas long as short
OKX ZEC-USDT-SWAP+0.0016%8h1,481.9+0.162%$178.4M$1.41B50xas long as short
Aster ZECUSDT+0.0041%8h1,480.6+0.075%$15.3M$34.7M75xas long as short
Phoenix ZEC+0.0045%1h1,481.5+0.131%$4.7M$1.5M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0058% / S +0.0052%1h1,480.3+0.051%$580K100xas long as short
Ondo Perps ZEC-USD.P+0.0068%1h1,476.3−0.218%$401K$538K5xas long as short
Gate ZEC_USDT+0.0068%8h1,481.3+0.121%$51.2M$185.0M75xas long as short
MEXC ZEC_USDT+0.0068%8h1,480.8+0.089%$234.3M$929.0M150xas long as short
Binance ZECUSDT+0.0069%8h1,481.6+0.138%$679.2M$2.57B75xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0072%1h1,481.1+0.106%$590K$1.4M25xas long as short
01 Exchange ZECUSD+0.0088%1h1,480.9+0.092%$9K$7K5xas long as short
Katana Perps ZEC-USD+0.0093%8h1,480.6+0.073%$12K$886K10xas long as short
Popdex ZECUSDTlong+0.0096%1h1,479.5long leg$174K$2.0M50x
Aevo ZEC-PERP+0.0096%1h1,480.4+0.058%$37K$362K20xas long as short
Polymarket Perps ZEC-USD+0.0098%1h1,479.6+0.005%$307K$2.4M10xas long as short
Paradex ZEC-USD-PERP+0.0099%8h1,479.9+0.027%$61K$37K10xas long as short
Nado ZEC-PERP+0.0100%1h1,480.3+0.054%$3.1M$7.1M10xas long as short
Hyperliquid ZEC+0.0100%1h1,482.6+0.208%$773.5M$510.1M10xas long as short
Pacifica ZEC+0.0100%1h1,480.2+0.047%$1.7M$3.2M10xas long as short
KuCoin ZECUSDTM+0.0100%8h1,480+0.034%$104.4M$58.6M75xas long as short
Bitget ZECUSDT+0.0100%8h1,482+0.170%$173.0M$318.1M75xas long as short
BingX ZEC-USDC+0.0100%8h1,480.7+0.076%$6.8Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,482.1+0.175%$2.4M$3.9M15xas long as short
edgeX ZECUSDC+0.0100%4h1,478.2−0.090%$496K$10.0M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,481.1+0.106%$3.0M$514K10xas long as short
StandX ZEC-USD+0.0100%1h1,478.8−0.051%$111K$4.8M30xas long as short
Bullet ZEC-USD+0.0100%1h1,480.2+0.045%$130K$161K20xas long as short
Derive ZEC-PERP+0.0100%1h1,478.9−0.042%$450K$493K6.7xas long as short
SunX ZEC-USDTshort+0.0100%8h1,484+0.299%$3K$1.3M20x
SoDEX ZEC-USD+0.0100%1h1,480.4+0.056%$225K$4.8M10xas long as short
HTX ZEC-USDT+0.0100%8h1,481.1+0.109%$2.4M$26.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,480.5+0.063%$3.8M$5.8M50xas long as short
Bulk ZEC-USD+0.0100%1h1,481.7+0.147%$914K$30K10xas long as short
RISEx ZEC/USDC+0.0138%1h1,480.6+0.072%$872K$2.5M10xas long as short
Lighter RH ZEC+0.0184%1h1,482.1+0.176%$1.6M$7.5M10xas long as short
Lighter ZEC+0.0304%1h1,482.5+0.199%$19.6M$54.2M20xas long as short
Coinbase International ZEC-PERP-INTX+0.0416%1h1,482.3+0.188%$3.8M$11.9M50xas long as short
Aftermath Perps ZECUSD+0.0494%1h1,478.2−0.086%$39K$32K10xas long as short
Arcus ZEC-USD+0.0538%1h1,481.8+0.157%$714K$7.5M10xas long as short
Extended ZEC-USD+0.0664%1h1,482+0.171%$3.9M$5.2M10xas long as short