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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0524%/8h= +57.4% APRnext payment +$0.66 per $10,000 · paid last 24h +0.015%
Price spread now: Extended against SoDEX+0.006%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$260.256% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.019%+$2 on $10k
Price spread, last 3 days (all we have)−1.427%−$143 · spread now +0.006%, 7d avg −0.017%
Together, before fees−1.408%+ Points / potential airdropExtended: Active · farm board−$141 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Extended is 0.023% dearer against SoDEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.017%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.019% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.66 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ZEC-USD1,479.90.0100pay 0.0013% / 1h31m 54s$225K$4.8M10x
ShortExtended ZEC-USD1,479.90.0624get 0.0078% / 1h31m 54s$3.9M$5.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$110.04
Price spread: +0.006% → −0.017%
$2.3
Slippage, 4 orders
−$12.59
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$86.75
Costs to cover
0.256%
Break-even
1.5 days
Slippage from SoDEX: live order book, 3 min ago; Extended: live order book, 3 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 SoDEX live order book, 3 min ago0.44 bp4.7 bp −$511.4 bp −$11496.3 bp −$9,625doesn't fit
Sell Extended live order book, 3 min ago1.86 bp10.2 bp −$1017.1 bp −$17185.3 bp −$8,530doesn't fit

ZEC on 51 venues

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−0.3181%1h1,476.9−0.201%$34K$159K12xas long as short
ApeX Omni ZECUSDT−0.0092%1h1,475.7−0.281%$735K$601K50xas long as short
Variational Omni ZEC−0.0090%8h1,479.3−0.037%$47.8M$30.5Mas long as short
Hotstuff ZEC-PERP−0.0080%1h1,481.5+0.109%$6K$2K10xas long as short
BloFin ZEC-USDT−0.0068%8h1,481.8+0.134%$29.9M$78.1M75xas long as short
Bybit ZECUSDT−0.0064%8h1,479.9+0.005%$277.7M$691.6M75xas long as short
Kraken Futures PF_ZECUSD−0.0052%1h1,479.9+0.007%$18.1M$44.9M25xas long as short
Orderly PERP_ZEC_USDC−0.0006%8h1,481.5+0.109%$288K$1.5M20xas long as short
dYdX ZEC-USD0.0000%1h1,481.2+0.091%$417K$107K5xas long as short
Kalshi KXZECPERP0.0000%8h1,481.2+0.089%$990K$5.4M2.2xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ZEC0.0000%43m1,479.6−0.016%$84K$416K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,480.3+0.031%$5.2M150xas long as short
OKX ZEC-USDT-SWAP+0.0015%8h1,480.2+0.026%$178.4M$1.41B50xas long as short
Aster ZECUSDT+0.0039%8h1,480.4+0.040%$15.3M$34.7M75xas long as short
Phoenix ZEC+0.0045%1h1,479.2−0.042%$4.7M$1.5M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0059% / S +0.0051%1h1,480.1+0.018%$580K100xas long as short
MEXC ZEC_USDT+0.0066%8h1,480.2+0.022%$233.2M$928.5M150xas long as short
Binance ZECUSDT+0.0069%8h1,480.3+0.033%$678.7M$2.57B75xas long as short
Gate ZEC_USDT+0.0069%8h1,480.4+0.036%$51.2M$184.9M75xas long as short
01 Exchange ZECUSD+0.0080%1h1,482.4+0.172%$9K$7K5xas long as short
Ondo Perps ZEC-USD.P+0.0083%1h1,476.3−0.240%$400K$538K5xas long as short
Katana Perps ZEC-USD+0.0093%8h1,482.4+0.172%$12K$886K10xas long as short
Polymarket Perps ZEC-USD+0.0095%1h1,480.1+0.017%$308K$2.4M10xas long as short
Popdex ZECUSDT+0.0096%1h1,481.3+0.101%$174K$2.0M50xas long as short
Aevo ZEC-PERP+0.0096%1h1,481.2+0.088%$37K$362K20xas long as short
Paradex ZEC-USD-PERP+0.0099%8h1,480.7+0.055%$61K$37K10xas long as short
Nado ZEC-PERP+0.0100%1h1,481.2+0.092%$3.1M$7.1M10xas long as short
Hyperliquid ZEC+0.0100%1h1,481.6+0.118%$772.9M$509.9M10xas long as short
Pacifica ZEC+0.0100%1h1,481.8+0.133%$1.7M$3.2M10xas long as short
KuCoin ZECUSDTM+0.0100%8h1,480.3+0.032%$104.5M$58.6M75xas long as short
Bitget ZECUSDT+0.0100%8h1,480+0.010%$172.7M$317.9M75xas long as short
BingX ZEC-USDT+0.0100%8h1,480.3+0.028%$113.2Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,481.3+0.096%$2.4M$3.9M15xas long as short
edgeX ZECUSDC+0.0100%4h1,476.5−0.227%$495K$10.0M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,478.1−0.121%$3.0M$514K10xas long as short
StandX ZEC-USD+0.0100%1h1,478.8−0.073%$111K$4.8M30xas long as short
Bullet ZEC-USD+0.0100%1h1,480+0.007%$130K$161K20xas long as short
Derive ZEC-PERP+0.0100%1h1,479.7−0.011%$450K$493K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,485.1+0.355%$3K$1.3M20xas long as short
SoDEX ZEC-USDlong+0.0100%1h1,479.9long leg$225K$4.8M10x
HTX ZEC-USDT+0.0100%8h1,480.3+0.030%$2.4M$26.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,481+0.077%$3.8M$5.8M50xas long as short
Bulk ZEC-USD+0.0100%1h1,481.7+0.125%$914K$30K10xas long as short
RISEx ZEC/USDC+0.0138%1h1,481.6+0.119%$873K$2.5M10xas long as short
Lighter RH ZEC+0.0184%1h1,481.8+0.130%$1.6M$7.5M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0302%1h1,482.2+0.159%$591K$1.4M25xas long as short
Lighter ZEC+0.0304%1h1,482.1+0.152%$19.6M$54.1M20xas long as short
Coinbase International ZEC-PERP-INTX+0.0416%1h1,482.4+0.175%$3.8M$11.9M50xas long as short
Aftermath Perps ZECUSD+0.0495%1h1,477.5−0.159%$39K$32K10xas long as short
Arcus ZEC-USD+0.0538%1h1,482.6+0.184%$711K$7.5M10xas long as short
Extended ZEC-USDshort+0.0624%1h1,479.9+0.006%$3.9M$5.2M10x