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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Derive against SunX−0.219%7-day average −0.173% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.043%−$4 on $10k
Price spread, last 4 days (all we have)+0.367%+$37 · spread now −0.219%, 7d avg −0.173%
Together, before fees+0.324%+$32 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.046% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.173%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEC-USDT1,471.90.0100pay 0.0100% / 8h2h 34m$3K$1.1M20x
ShortDerive ZEC-PERP1,468.60.0100get 0.0013% / 1h34m 46s$448K$506K6.7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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

Funding earned
$0
Price spread: −0.219% → −0.173%
−$4.57
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Derive: 3 bp × 2 orders
−$6
Net
−$18.57
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 8 min ago; Derive: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 8 min ago29.01 bp49.6 bp −$50doesn't fitdoesn't fitdoesn't fit
Sell Derive no order-book sample
Derive: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3243%1h1,471−0.059%$34K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,470.5−0.095%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0080%8h1,469.8−0.139%$29.8M$71.1M75xas long as short
dYdX ZEC-USD0.0000%1h1,467.8−0.277%$408K$37K5xas long as short
Kalshi KXZECPERP0.0000%8h1,471−0.060%$1.5M$4.4M2.2xas long as short
Perpl ZEC0.0000%43m1,469.7−0.147%$84K$239K10xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,470.2−0.113%$619K$1.3M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0007%1h1,469.8−0.138%$5.2M150xas long as short
01 Exchange ZECUSD+0.0056%1h1,470.5−0.092%$8K$7K5xas long as short
Orderly PERP_ZEC_USDC+0.0062%8h1,469.8−0.141%$294K$902K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZECUSDT+0.0089%8h1,466.9−0.334%$260.9M$589.7M75xas long as short
Phoenix ZEC+0.0092%1h1,466.5−0.364%$4.7M$1.3M10xas long as short
Popdex ZECUSDT+0.0096%1h1,470.2−0.113%$174K$1.6M50xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0096% / S −0.0050%1h1,469.5−0.159%$438K100xas long as short
Katana Perps ZEC-USD+0.0100%8h1,469.8−0.141%$13K$812K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,468.1−0.252%$61K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,470.7−0.077%$2.9M$6.3M10xas long as short
Hyperliquid ZEC+0.0100%1h1,469.2−0.178%$765.1M$418.7M10xas long as short
Aster ZECUSDT+0.0100%8h1,468−0.260%$14.4M$28.0M75xas long as short
Pacifica ZEC+0.0100%1h1,468−0.261%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,467.4−0.302%$677.1M$2.16B75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,467.1−0.326%$178.5M$1.20B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,465.3−0.445%$399K$430K5xas long as short
Bulk ZEC-USD+0.0100%1h1,462.7−0.623%$884K$17K10xas long as short
Gate ZEC_USDT+0.0100%8h1,468.4−0.238%$53.1M$170.9M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,467.5−0.296%$222.1M$761.0M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,467.6−0.291%$103.2M$52.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,468.2−0.248%$166.1M$267.6M75xas long as short
BingX ZEC-USDC+0.0100%8h1,468.4−0.236%$6.7Mas long as short
Variational Omni ZEC+0.0100%8h1,470.5−0.089%$48.2M$32.4Mas long as short
edgeX ZECUSDC+0.0100%4h1,468.1−0.258%$573K$8.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,469.8−0.142%$3.0M$467K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,469−0.197%$406K$926K50xas long as short
StandX ZEC-USD+0.0100%1h1,468.7−0.216%$49K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,469.7−0.146%$360K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,469.4−0.165%$162K$186K20xas long as short
Derive ZEC-PERPshort+0.0100%1h1,468.6−0.219%$448K$506K6.7x
SunX ZEC-USDTlong+0.0100%8h1,471.9long leg$3K$1.1M20x
SoDEX ZEC-USD+0.0100%1h1,469.7−0.149%$235K$3.2M10xas long as short
HTX ZEC-USDT+0.0100%8h1,469−0.194%$2.7M$18.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,470.3−0.107%$3.9M$4.8M50xas long as short
Extended ZEC-USD+0.0104%1h1,468.4−0.237%$2.8M$7.8M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,469.7−0.146%$46K$152K20xas long as short
Lighter RH ZEC+0.0120%1h1,469.5−0.162%$2.1M$7.1M10xas long as short
Lighter ZEC+0.0136%1h1,469.2−0.182%$19.4M$43.9M20xas long as short
Kraken Futures PF_ZECUSD+0.0146%1h1,469.6−0.152%$18.0M$45.6M25xas long as short
RISEx ZEC/USDC+0.0154%1h1,470.2−0.109%$928K$1.1M10xas long as short
Backpack ZEC_USDC_PERP+0.0338%1h1,469.9−0.135%$2.4M$3.7M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0496%1h1,473.7+0.125%$3.8M$9.2M50xas long as short
Arcus ZEC-USD+0.0508%1h1,471.7−0.009%$665K$8.1M10xas long as short
Aftermath Perps ZECUSD+0.0680%1h1,468−0.263%$45K$49K10xas long as short