Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0036%/8h= +4.0% APRpaid last 24h −0.039%

Price spread now: Orderly against RISEx+0.246%75s7-day average −0.021% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.286%−$29 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now +0.246%, 7d avg −0.021%

Together, before fees−0.164%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.267% dearer against RISEx than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.021%. Mind the row above: over the last 4 days funding on this pair cost −0.286%, so the current rate has only just turned in your favour. The two prices were read 75 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	RISEx ZEC/USDC	1,495.9	0.0032	pay 0.0004% / 1h	46m 58s	$919K	$1.3M	10x
Short	Orderly PERP_ZEC_USDC	1,499.6	0.0069	get 0.0069% / 8h	5h 46m	$303K	$772K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.246%Rate

Funding earned: $7.6
Price spread: +0.246% → −0.021%: $26.71
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: $22.31
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: RISEx: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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, 5 min ago	2.54 bp	5.5 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.356%	$36K	$267K	12x	as long as short
ApeX Omni ZECUSDT	−0.0282%	1h	1,498.8	+0.194%	$410K	$949K	50x	as long as short
Ondo Perps ZEC-USD.P	−0.0214%	1h	1,496.7	+0.053%	$408K	$497K	5x	as long as short
BloFin ZEC-USDT	−0.0199%	8h	1,499.1	+0.216%	$32.0M	$72.7M	75x	as long as short
Aftermath Perps ZECUSD	−0.0089%	1h	1,500.2	+0.288%	$46K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.6	+0.515%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,497.1	+0.078%	$412K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,499.1	+0.214%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,495.8	−0.007%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,499.6	+0.247%	$5.3M	—	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	1,498.3	+0.158%	$8K	$6K	5x	as long as short
RISEx ZEC/USDClong	+0.0032%	1h	1,495.9	long leg	$919K	$1.3M	10x
Phoenix ZEC	+0.0060%	1h	1,498.3	+0.160%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDCshort	+0.0069%	8h	1,499.6	+0.246%	$303K	$772K	20x
Aster ZECUSDT	+0.0087%	8h	1,499.8	+0.258%	$14.1M	$27.4M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,501	+0.343%	$20.0M	$39.2M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,501.3	+0.359%	$2.0M	$7.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,498.7	+0.189%	$169K	$1.4M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,497.4	+0.099%	$25K	$878K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,499.9	+0.270%	$18.5M	$46.0M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,498.7	+0.188%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,499.4	+0.237%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,500.7	+0.321%	$788.6M	$430.9M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,498.6	+0.177%	$1.7M	$1.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,500.3	+0.297%	$705.2M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,499.8	+0.263%	$275.0M	$588.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,500	+0.273%	$185.5M	$1.30B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,499.3	+0.228%	$598K	$8.4M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,499.7	+0.251%	$62.7M	$172.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,499.8	+0.259%	$181.0M	$826.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,499.3	+0.227%	$105.0M	$52.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,500.1	+0.280%	$163.9M	$278.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,499.8	+0.259%	—	$122.4M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,500.3	+0.292%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,499.2	+0.220%	$49.3M	$34.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,499.3	+0.227%	$548K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,497.5	+0.108%	$3.1M	$601K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,498.4	+0.168%	$111K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,498.9	+0.200%	$368K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,499.3	+0.225%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,501.2	+0.357%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,499.8	+0.263%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,499	+0.207%	$2.6M	$20.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,500.2	+0.285%	$4.0M	$4.8M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,505.5	+0.643%	$781K	$158K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,500.1	+0.281%	$2.7M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,499.3	+0.230%	$37K	$163K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0115%	1h	1,500.7	+0.318%	$684K	$1.3M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0187% / S −0.0199%	1h	1,499.4	+0.234%	$349K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,500	+0.271%	$3.9M	$9.4M	50x	as long as short