Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0378%/8h= +41.4% APRpaid last 24h +0.158%

Price spread now: Aftermath Perps against SunX−0.162%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.162% cheaper against SunX than usual: you would sell low and buy high (spread −0.162% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 34 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEC-USDT	1,460.7	0.0100	pay 0.0100% / 8h	2h 09m	$3K	$1.3M	20x
Short	Aftermath Perps ZECUSD	1,458.3	0.0478	get 0.0060% / 1h	9m 52s	$40K	$34K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against SunX. 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 SunXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.162%Rate

Funding earned: $79.31
Price spread: −0.162% → 0.000%: −$16.24
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $46.07
Costs to cover: 0.170%
Break-even: 2.9 days

Slippage unknown: SunX: live order book, 4 min ago; Aftermath Perps: 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 SunX live order book, 4 min ago	29.01 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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 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	−0.3476%	1h	1,433.1	−1.888%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0086%	8h	1,456.8	−0.267%	$28.8M	$75.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,457.5	−0.218%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,458.4	−0.157%	$17.7M	$44.7M	25x	as long as short
Bybit ZECUSDT	−0.0018%	8h	1,458	−0.184%	$269.2M	$677.2M	75x	as long as short
Variational Omni ZEC	−0.0004%	8h	1,455.9	−0.328%	$45.6M	$33.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,458.4	−0.157%	$411K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,458.9	−0.123%	$934K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,458.6	−0.142%	$83K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,459.5	−0.082%	$594K	$1.3M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,459.2	−0.104%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0016%	8h	1,458.5	−0.152%	$292K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0017% / S +0.0074%	1h	1,459	−0.119%	$558K	—	100x	as long as short
Ondo Perps ZEC-USD.P	+0.0039%	1h	1,455.9	−0.330%	$395K	$514K	5x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,459.3	−0.094%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0057%	8h	1,459.1	−0.113%	$174.2M	$1.36B	50x	as long as short
Gate ZEC_USDT	+0.0063%	8h	1,458.6	−0.146%	$49.3M	$191.0M	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,459.2	−0.105%	$15K	$865K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,460.1	−0.040%	$18.9M	$54.7M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,459.1	−0.112%	$173K	$2.0M	50x	as long as short
Aster ZECUSDT	+0.0098%	8h	1,458.6	−0.143%	$15.4M	$33.9M	75x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,459.3	−0.101%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,458.8	−0.131%	$2.5M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,459.8	−0.063%	$755.1M	$493.3M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,458.9	−0.126%	$1.6M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,458.9	−0.127%	$666.1M	$2.53B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,458.8	−0.135%	$218.8M	$899.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,458.8	−0.129%	$103.2M	$57.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,458.9	−0.123%	$161.5M	$312.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,458.9	−0.126%	—	$101.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,459.4	−0.091%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,457.1	−0.249%	$489K	$9.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,458.5	−0.151%	$3.0M	$492K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,458	−0.189%	$428K	$814K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,457.6	−0.212%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,459	−0.118%	$344K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,458.6	−0.146%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.4	−0.296%	$445K	$498K	6.7x	as long as short
SunX ZEC-USDTlong	+0.0100%	8h	1,460.7	long leg	$3K	$1.3M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,458.6	−0.146%	$221K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,459	−0.118%	$2.4M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,458.8	−0.133%	$3.8M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,456.7	−0.275%	$897K	$26K	10x	as long as short
Phoenix ZEC	+0.0103%	1h	1,458.5	−0.149%	$4.6M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,459.3	−0.097%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,458.7	−0.140%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,459.9	−0.056%	$848K	$1.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,461	+0.018%	$3.7M	$11.6M	50x	as long as short
Aftermath Perps ZECUSDshort	+0.0478%	1h	1,458.3	−0.162%	$40K	$34K	10x
Arcus ZEC-USD	+0.0518%	1h	1,460.2	−0.035%	$748K	$8.0M	10x	as long as short
Lighter RH ZEC	+0.0592%	1h	1,460.8	+0.003%	$2.0M	$8.5M	10x	as long as short