ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.09 per $10,000 · paid last 24h +0.028%

Price spread now: Backpack against SoDEX+0.044%7-day average −0.004% · 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−$16as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on SoDEX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.078%+$8 on $10k

Price spread, last 4 days (all we have)−0.531%−$53 · spread now +0.044%, 7d avg −0.004%

Together, before fees−0.453%−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Backpack is 0.048% dearer against SoDEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZEC-USD	1,456.5	0.0100	pay 0.0013% / 1h	25m 55s	$233K	$3.2M	10x
Short	Backpack ZEC_USDC_PERP	1,457.1	0.0174	get 0.0022% / 1h	25m 55s	$2.4M	$3.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SoDEX. 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 SoDEXbpFee BackpackbpOrdersPrice spread, now +0.044%Rate

Funding earned: $15.5
Price spread: +0.044% → −0.004%: $4.82
Slippage, 4 orders: −$3.24
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$0.92
Costs to cover: 0.212%
Break-even: 7.4 days

Slippage from SoDEX: live order book, 3 min ago; Backpack: live order book, 3 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 SoDEX live order book, 3 min ago	0.31 bp	5.0 bp −$5	14.0 bp −$140	105.1 bp −$10.5K	doesn't fit
Sell Backpack live order book, 3 min ago	0.03 bp	5.4 bp −$5	15.0 bp −$150	doesn't fit	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	1,457.6	+0.078%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.9	+0.024%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,456.5	0.000%	$29.4M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,456.3	−0.012%	$410K	$36K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,456.6	+0.007%	$83K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456.3	−0.017%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,456.4	−0.006%	$291K	$944K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0084% / S −0.0034%	1h	1,456.1	−0.025%	$434K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,456.8	+0.023%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,456.6	+0.008%	$14K	$820K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ZEC-USD-PERP	+0.0100%	8h	1,456.6	+0.006%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,456.6	+0.008%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.6	+0.010%	$14.5M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,456.9	+0.029%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,456.8	+0.023%	$670.5M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,456.3	−0.012%	$261.0M	$599.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,456.9	+0.025%	$178.8M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.7	−0.055%	$395K	$434K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,453.9	−0.181%	$878K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,456.5	−0.003%	$51.4M	$171.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,456.7	+0.012%	$218.6M	$770.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,456.6	+0.007%	$102.8M	$53.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,457	+0.034%	$165.7M	$269.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,456	−0.032%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,455.5	−0.072%	$47.7M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.1	−0.027%	$567K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.5	0.000%	$3.0M	$463K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,457.4	+0.061%	$403K	$944K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.2	−0.021%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.4	−0.007%	$354K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,456.3	−0.016%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.3	−0.080%	$444K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,458.9	+0.165%	$4K	$1.1M	20x	as long as short
SoDEX ZEC-USDlong	+0.0100%	1h	1,456.5	long leg	$233K	$3.2M	10x
HTX ZEC-USDT	+0.0100%	8h	1,456	−0.037%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,456.8	+0.019%	$3.8M	$4.9M	50x	as long as short
Lighter RH ZEC	+0.0104%	1h	1,458.1	+0.108%	$2.1M	$7.0M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,456.5	−0.003%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456.3	−0.016%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,456.9	+0.025%	$4.6M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,457.1	+0.039%	$8K	$7K	5x	as long as short
Lighter ZEC	+0.0144%	1h	1,458	+0.105%	$19.2M	$45.0M	20x	as long as short
Hyperliquid ZEC	+0.0148%	1h	1,457.8	+0.089%	$759.0M	$426.2M	10x	as long as short
Kalshi KXZECPERP	+0.0160%	8h	1,457	+0.034%	$1.5M	$4.4M	2.2x	as long as short
Backpack ZEC_USDC_PERPshort	+0.0174%	1h	1,457.1	+0.044%	$2.4M	$3.8M	15x
RISEx ZEC/USDC	+0.0216%	1h	1,456.6	+0.006%	$921K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0255%	1h	1,457.1	+0.041%	$613K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,456.3	−0.012%	$18.0M	$45.3M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,458.3	+0.124%	$697K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,458.9	+0.165%	$3.8M	$9.2M	50x	as long as short
Aftermath Perps ZECUSD	+0.0672%	1h	1,456.4	−0.010%	$45K	$49K	10x	as long as short