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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h −0.026%
Price spread now: SoDEX against RISEx−0.063%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$180.182% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.204%−$20 on $10k
Price spread, last 4 days (all we have)+0.407%+$41 · spread now −0.063%, 7d avg −0.025%
Together, before fees+0.203%+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. SoDEX is 0.038% cheaper against RISEx than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of −0.025%). If the spread goes back, that is −$4 on $10k: about 45 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 4 days funding on this pair cost −0.204%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ZEC/USDC1,502.20.0032pay 0.0004% / 1h27m 02s$908K$1.3M10x
ShortSoDEX ZEC-USD1,501.30.0100get 0.0013% / 1h27m 02s$257K$3.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$14.18
Price spread: −0.063% → −0.025%
−$3.82
Slippage, 4 orders
−$4.2
Fee RISEx: 3 bp × 2 orders
−$6
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$7.84
Costs to cover
0.182%
Break-even
10.9 days
Slippage from RISEx: live order book, 4 min ago; SoDEX: live order book, 5 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 RISEx live order book, 4 min ago1.23 bp4.2 bp −$48.5 bp −$85doesn't fitdoesn't fit
Sell SoDEX live order book, 5 min ago0.17 bp4.3 bp −$414.0 bp −$140102.4 bp −$10.2Kdoesn't fit

ZEC on 50 exchanges

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−0.4130%1h1,488.7−0.899%$36K$267K12xas long as short
Aftermath Perps ZECUSD−0.0243%1h1,503.1+0.058%$49K$74K10xas long as short
BloFin ZEC-USDT−0.0200%8h1,501.4−0.054%$31.9M$72.8M75xas long as short
Ondo Perps ZEC-USD.P−0.0163%1h1,500.1−0.139%$409K$496K5xas long as short
ApeX Omni ZECUSDT−0.0128%1h1,502.9+0.049%$412K$951K50xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,503.1+0.062%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,502.6+0.028%$414K$37K5xas long as short
Kalshi KXZECPERP0.0000%8h1,503.3+0.076%$1.5M$4.9M2.2xas long as short
Perpl ZEC0.0000%43m1,501.3−0.058%$63K$300K10xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,501.1−0.074%$684K$1.3M25xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,502.2−0.003%$5.3M150xas long as short
01 Exchange ZECUSD+0.0016%1h1,501.7−0.031%$8K$6K5xas long as short
RISEx ZEC/USDClong+0.0032%1h1,502.2long leg$908K$1.3M10x
Phoenix ZEC+0.0060%1h1,502.4+0.016%$4.8M$1.3M10xas long as short
Orderly PERP_ZEC_USDC+0.0064%8h1,500.5−0.113%$303K$717K20xas long as short
Aster ZECUSDT+0.0084%8h1,501.1−0.075%$14.3M$27.2M75xas long as short
Lighter ZEC+0.0096%1h1,502.3+0.007%$19.9M$39.8M20xas long as short
Lighter RH ZEC+0.0096%1h1,502.7+0.036%$2.1M$7.2M10xas long as short
Popdex ZECUSDT+0.0096%1h1,501.5−0.049%$170K$1.4M50xas long as short
Katana Perps ZEC-USD+0.0098%8h1,501.1−0.071%$25K$866K10xas long as short
Kraken Futures PF_ZECUSD+0.0099%1h1,501.8−0.026%$18.6M$45.6M25xas long as short
Paradex ZEC-USD-PERP+0.0099%8h1,502.2+0.003%$62K$14K10xas long as short
Nado ZEC-PERP+0.0100%1h1,502.1−0.009%$3.1M$7.1M10xas long as short
Hyperliquid ZEC+0.0100%1h1,502.1−0.006%$791.4M$432.3M10xas long as short
Pacifica ZEC+0.0100%1h1,502.8+0.042%$1.6M$2.1M10xas long as short
Binance ZECUSDT+0.0100%8h1,501−0.077%$703.7M$2.18B75xas long as short
Bybit ZECUSDT+0.0100%8h1,500.8−0.095%$273.3M$587.2M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,501.1−0.075%$185.5M$1.29B50xas long as short
Arcus ZEC-USD+0.0100%1h1,502.8+0.043%$597K$8.3M10xas long as short
Bulk ZEC-USD+0.0100%1h1,508.7+0.433%$782K$163K10xas long as short
Gate ZEC_USDT+0.0100%8h1,501−0.077%$63.5M$174.5M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,501.3−0.060%$180.6M$836.8M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,501.3−0.058%$105.7M$52.2M75xas long as short
Bitget ZECUSDT+0.0100%8h1,501.2−0.067%$164.1M$277.2M75xas long as short
BingX ZEC-USDC+0.0100%8h1,500.5−0.111%$6.6Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,501.9−0.017%$2.2M$3.7M15xas long as short
Variational Omni ZEC+0.0100%8h1,501.2−0.068%$49.5M$33.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,502.9+0.044%$549K$8.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,501.6−0.040%$3.1M$616K10xas long as short
StandX ZEC-USD+0.0100%1h1,503.4+0.079%$112K$4.5M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,501.2−0.066%$368K$1.5M10xas long as short
Bullet ZEC-USD+0.0100%1h1,501.3−0.058%$167K$188K20xas long as short
SunX ZEC-USDT+0.0100%8h1,503.1+0.058%$3K$1.1M20xas long as short
SoDEX ZEC-USDshort+0.0100%1h1,501.3−0.063%$257K$3.6M10x
HTX ZEC-USDT+0.0100%8h1,500.8−0.095%$2.6M$20.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,502−0.013%$4.0M$4.8M50xas long as short
Extended ZEC-USD+0.0104%1h1,500.8−0.089%$2.7M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,500.3−0.126%$37K$163K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0193% / S −0.0209%1h1,501.3−0.062%$348K100xas long as short
Coinbase International ZEC-PERP-INTX+0.0352%1h1,502.9+0.044%$3.9M$9.4M50xas long as short