Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h −0.048%

Price spread now: BloFin against SoDEX+0.010%7-day average −0.003% · 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−$21as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on SoDEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.186%−$19 on $10k

Price spread, last 4 days (all we have)−0.397%−$40 · spread now +0.010%, 7d avg −0.003%

Together, before fees−0.583%−$58 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZEC-USD	1,506.2	0.0100	pay 0.0013% / 1h	17m 14s	$255K	$3.6M	10x
Short	BloFin ZEC-USDT	1,506.3	−0.0166	pay 0.0166% / 8h	7h 17m	$31.7M	$75.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$55.89
Price spread: +0.010% → −0.003%: $1.31
Slippage, 4 orders: −$2.08
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$76.65
Costs to cover: 0.221%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 min ago; BloFin: live order book, 7 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, 2 min ago	0.07 bp	5.3 bp −$5	17.0 bp −$170	105.5 bp −$10.5K	doesn't fit
Sell BloFin live order book, 7 min ago	0.03 bp	6.0 bp −$6	8.0 bp −$80	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	−0.3702%	1h	1,488.8	−1.153%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,505.6	−0.037%	$62K	$308K	10x	as long as short
Aftermath Perps ZECUSD	−0.0243%	1h	1,506.5	+0.020%	$48K	$58K	10x	as long as short
BloFin ZEC-USDTshort	−0.0166%	8h	1,506.3	+0.010%	$31.7M	$75.9M	75x
Hotstuff ZEC-PERP	−0.0080%	1h	1,506.2	−0.001%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,506.2	+0.003%	$417K	$30K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,506.6	+0.031%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,505.6	−0.040%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,506.5	+0.022%	$18.4M	$47.5M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,505.7	−0.031%	$8K	$6K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0082%	1h	1,506.9	+0.044%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,506.3	+0.007%	$304K	$859K	20x	as long as short
Gate ZEC_USDT	+0.0090%	8h	1,506	−0.011%	$60.9M	$187.4M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,507	+0.052%	$19.6M	$45.5M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,507.1	+0.061%	$2.1M	$7.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,505.6	−0.041%	$172K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,506	−0.014%	$16K	$877K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,507.2	+0.068%	$62K	$16K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,506.4	+0.011%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,506	−0.013%	$787.0M	$442.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,505.2	−0.062%	$14.1M	$30.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,507.8	+0.107%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,505.9	−0.022%	$711.5M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,505	−0.080%	$273.3M	$611.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,505.3	−0.060%	$185.6M	$1.36B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,504.4	−0.119%	$410K	$545K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,507.3	+0.072%	$598K	$8.8M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,508.1	+0.127%	$776K	$147K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,505.7	−0.032%	$406.0M	$841.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,506.1	−0.005%	$103.0M	$56.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,505.6	−0.037%	$163.3M	$291.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,505.6	−0.037%	—	$119.8M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,506.3	+0.006%	$49.9M	$35.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,506.3	+0.005%	$550K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,506.7	+0.031%	$3.1M	$549K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,507.9	+0.111%	$414K	$953K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,505.4	−0.050%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,505.2	−0.066%	$374K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,506.1	−0.003%	$168K	$191K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,502	−0.277%	$449K	$419K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,510	+0.254%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USDlong	+0.0100%	1h	1,506.2	long leg	$255K	$3.6M	10x
HTX ZEC-USDT	+0.0100%	8h	1,505.5	−0.048%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,506.1	−0.009%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,506.4	+0.017%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,505.9	−0.019%	$45K	$153K	20x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,506.1	−0.009%	$967K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0163% / S −0.0170%	1h	1,505.6	−0.040%	$334K	—	100x	as long as short
Backpack ZEC_USDC_PERP	+0.0168%	1h	1,506.1	−0.005%	$2.4M	$3.7M	15x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0171%	1h	1,507.1	+0.063%	$690K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,507.3	+0.074%	$3.8M	$9.9M	50x	as long as short