Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.031%

Price spread now: OKX against RISEx+0.083%7-day average −0.027% · 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−$8as in the Price arb table

costs, in and out, $10k−$190.195% of the position

Long on RISEx Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.253%−$25 on $10k

Price spread, last 7 days−0.071%−$7 · spread now +0.083%, 7d avg −0.027%

Together, before fees−0.324%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.111% dearer against RISEx than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of −0.027%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 4 days (−0.253% in total) that is about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ZEC/USDC	1,453.2	0.0216	pay 0.0027% / 1h	43m 11s	$919K	$1.1M	10x
Short	OKX ZEC-USDT-SWAP	1,454.4	0.0100	get 0.0100% / 8h	3h 43m	$178.0M	$1.22B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against RISEx. 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 RISExbpFee OKXbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$24.35
Price spread: +0.083% → −0.027%: $11.06
Slippage, 4 orders: −$3.48
Fee RISEx: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$32.77
Costs to cover: 0.195%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; OKX: live order book, 6 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 RISEx live order book, 1 min ago	1.31 bp	4.3 bp −$4	9.3 bp −$93	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	0.03 bp	5.6 bp −$6	7.8 bp −$78	17.1 bp −$1,709	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	−0.3042%	1h	1,452	−0.082%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,453.5	+0.021%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,454.6	+0.095%	$29.4M	$70.5M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,453.2	+0.001%	$409K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,454.4	+0.082%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,453.7	+0.033%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,453.7	+0.034%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,453.6	+0.030%	$290K	$943K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0080% / S −0.0029%	1h	1,453.5	+0.024%	$433K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,453	−0.011%	$173K	$1.7M	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps ZEC-USD	+0.0100%	8h	1,452.8	−0.029%	$13K	$841K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,453.8	+0.043%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,453.4	+0.016%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,454	+0.058%	$14.6M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,453.9	+0.049%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,454.6	+0.094%	$668.1M	$2.20B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,453.9	+0.048%	$261.2M	$599.7M	75x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0100%	8h	1,454.4	+0.083%	$178.0M	$1.22B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,450.5	−0.185%	$394K	$432K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,452.9	−0.020%	$878K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,453.6	+0.030%	$50.7M	$170.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,454.4	+0.083%	$217.0M	$766.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,454.8	+0.112%	$102.5M	$53.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,454.4	+0.085%	$165.3M	$270.2M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,452.8	−0.027%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,450.4	−0.189%	$47.6M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,451.6	−0.108%	$565K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,453.1	−0.008%	$3.0M	$463K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,451.7	−0.100%	$401K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,453.4	+0.014%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,453.5	+0.021%	$352K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,453.6	+0.030%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,452.5	−0.050%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,455.9	+0.185%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,453.8	+0.039%	$233K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,452.8	−0.030%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,454.6	+0.098%	$3.8M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,453.7	+0.033%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,453.5	+0.025%	$47K	$151K	20x	as long as short
Lighter RH ZEC	+0.0112%	1h	1,455.4	+0.149%	$2.1M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0116%	1h	1,455	+0.125%	$756.9M	$428.7M	10x	as long as short
Phoenix ZEC	+0.0116%	1h	1,452.9	−0.022%	$4.6M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,453.5	+0.023%	$8K	$7K	5x	as long as short
Backpack ZEC_USDC_PERP	+0.0129%	1h	1,454.9	+0.114%	$2.4M	$3.9M	15x	as long as short
Lighter ZEC	+0.0184%	1h	1,455.7	+0.174%	$19.2M	$44.8M	20x	as long as short
RISEx ZEC/USDClong	+0.0216%	1h	1,453.2	long leg	$919K	$1.1M	10x
Deribit ZEC_USDC-PERPETUAL	+0.0280%	1h	1,454.5	+0.088%	$614K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,453.7	+0.035%	$18.0M	$45.2M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,455.3	+0.142%	$689K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,456.1	+0.201%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0668%	1h	1,454.3	+0.077%	$44K	$49K	10x	as long as short