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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0396%/8h= +43.4% APRpaid last 24h +0.100%
Price spread now: Coinbase International against Variational Omni+0.214%7-day average +0.188% · you sell dearer than you buy
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 4 days (all we have)+0.233%+$23 on $10k
Price spread, last 4 days (all we have)+0.779%+$78 · spread now +0.214%, 7d avg +0.188%
Together, before fees+1.012%+ Points / potential airdropVariational Omni: Active · farm board+$101 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.026% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.188%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ZEC1,470.50.0100pay 0.0100% / 8h2h 34m$48.2M$32.4M
ShortCoinbase International ZEC-PERP-INTX1,473.70.0496get 0.0062% / 1h34m 34s$3.8M$9.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. 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
$83.16
Price spread: +0.214% → +0.188%
$2.65
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$75.81
Costs to cover
0.100%
Break-even
0.6 days
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Coinbase International: live order book, 4 min ago. 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 Variational Omni RFQ quote, 5 min ago2.77 bpdoesn't fit4.1 bp −$419.7 bp −$966doesn't fit
Sell Coinbase International live order book, 4 min ago1.80 bp13.1 bp −$1317.9 bp −$17946.0 bp −$4,603doesn'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−0.3243%1h1,471+0.030%$34K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,467.9−0.178%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0080%8h1,469.8−0.050%$29.8M$71.1M75xas long as short
dYdX ZEC-USD0.0000%1h1,467.8−0.187%$408K$37K5xas long as short
Kalshi KXZECPERP0.0000%8h1,471+0.029%$1.5M$4.4M2.2xas long as short
Perpl ZEC0.0000%43m1,469.7−0.058%$84K$239K10xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,470.2−0.024%$619K$1.3M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0007%1h1,469.8−0.049%$5.2M150xas long as short
01 Exchange ZECUSD+0.0056%1h1,468.2−0.162%$8K$7K5xas long as short
Orderly PERP_ZEC_USDC+0.0062%8h1,469.8−0.052%$294K$902K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZECUSDT+0.0089%8h1,467−0.241%$260.8M$589.6M75xas long as short
Phoenix ZEC+0.0092%1h1,466.5−0.275%$4.7M$1.3M10xas long as short
Popdex ZECUSDT+0.0096%1h1,467.6−0.201%$173K$1.6M50xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0096% / S −0.0050%1h1,469.5−0.070%$438K100xas long as short
Katana Perps ZEC-USD+0.0100%8h1,467−0.241%$13K$812K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,468.1−0.163%$61K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,467.9−0.177%$2.9M$6.3M10xas long as short
Hyperliquid ZEC+0.0100%1h1,469.2−0.089%$765.1M$418.7M10xas long as short
Aster ZECUSDT+0.0100%8h1,467.6−0.199%$14.4M$28.0M75xas long as short
Pacifica ZEC+0.0100%1h1,468−0.172%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,467.6−0.202%$677.2M$2.16B75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,467.3−0.221%$178.4M$1.20B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,465.3−0.356%$399K$430K5xas long as short
Bulk ZEC-USD+0.0100%1h1,462.7−0.534%$884K$17K10xas long as short
Gate ZEC_USDT+0.0100%8h1,467.4−0.215%$53.1M$170.9M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,467.5−0.207%$222.1M$761.0M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,467.6−0.202%$103.2M$52.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,467.6−0.200%$166.2M$267.5M75xas long as short
BingX ZEC-USDT+0.0100%8h1,467.3−0.218%$107.9Mas long as short
Variational Omni ZEClong+0.0100%8h1,470.5long leg$48.2M$32.4M
edgeX ZECUSDC+0.0100%4h1,468.1−0.169%$573K$8.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,469.8−0.052%$3.0M$467K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,469−0.108%$406K$926K50xas long as short
StandX ZEC-USD+0.0100%1h1,470.2−0.026%$49K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,469.7−0.057%$360K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,469.4−0.075%$162K$186K20xas long as short
Derive ZEC-PERP+0.0100%1h1,468.6−0.130%$448K$506K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,471.9+0.089%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,469.7−0.060%$235K$3.2M10xas long as short
HTX ZEC-USDT+0.0100%8h1,469−0.105%$2.7M$18.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,470.3−0.018%$3.9M$4.8M50xas long as short
Extended ZEC-USD+0.0104%1h1,467.5−0.209%$2.8M$7.8M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,469.7−0.057%$46K$152K20xas long as short
Lighter RH ZEC+0.0120%1h1,469.5−0.073%$2.1M$7.1M10xas long as short
Lighter ZEC+0.0136%1h1,469.2−0.093%$19.4M$43.9M20xas long as short
Kraken Futures PF_ZECUSD+0.0146%1h1,469.6−0.063%$18.0M$45.6M25xas long as short
RISEx ZEC/USDC+0.0154%1h1,467.6−0.197%$927K$1.1M10xas long as short
Backpack ZEC_USDC_PERP+0.0338%1h1,469.9−0.046%$2.4M$3.7M15xas long as short
Coinbase International ZEC-PERP-INTXshort+0.0496%1h1,473.7+0.214%$3.8M$9.2M50x
Arcus ZEC-USD+0.0508%1h1,469.2−0.092%$664K$8.1M10xas long as short
Aftermath Perps ZECUSD+0.0680%1h1,468−0.174%$45K$49K10xas long as short