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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.020%
Price spread now: Derive against 01 Exchange−0.122%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Derive is 0.122% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.122% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 6.0 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ZECUSD1,474.50.0032pay 0.0004% / 1h46m 34s$8K$9K5x
ShortDerive ZEC-PERP1,472.70.0100get 0.0013% / 1h46m 34s$459K$510K6.7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive against 01 Exchange. 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
$14.28
Price spread: −0.122% → 0.000%
−$12.16
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Derive: 3 bp × 2 orders
−$6
Net
−$10.88
Costs to cover
0.130%
Break-even
12.3 days
Slippage unknown: 01 Exchange: no order-book sample; 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 01 Exchange no order-book sample
Sell Derive no order-book sample
01 Exchange and 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−0.3678%1h1,477.5+0.206%$34K$274K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,474.6+0.006%$6K$1K10xas long as short
Ondo Perps ZEC-USD.P−0.0078%1h1,477.6+0.211%$400K$519K5xas long as short
Kraken Futures PF_ZECUSD−0.0002%1h1,474.7+0.014%$18.0M$43.4M25xas long as short
dYdX ZEC-USD0.0000%1h1,475.2+0.051%$415K$103K5xas long as short
Kalshi KXZECPERP0.0000%8h1,474.7+0.015%$960K$5.0M2.2xas long as short
Perpl ZEC0.0000%43m1,474.4−0.003%$84K$405K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,475.3+0.055%$5.2M150xas long as short
Variational Omni ZEC+0.0010%8h1,477.5+0.206%$48.2M$33.5Mas long as short
BloFin ZEC-USDT+0.0012%8h1,475.2+0.048%$29.6M$73.3M75xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZEC_USDC+0.0026%8h1,474.1−0.030%$294K$1.1M20xas long as short
01 Exchange ZECUSDlong+0.0032%1h1,474.5long leg$8K$9K5x
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,474.6+0.007%$383K100xas long as short
Phoenix ZEC+0.0070%1h1,479.5+0.338%$4.7M$1.5M10xas long as short
Gate ZEC_USDT+0.0079%8h1,474.4−0.006%$50.2M$174.1M75xas long as short
OKX ZEC-USDT-SWAP+0.0079%8h1,474.6+0.004%$181.3M$1.29B50xas long as short
Popdex ZECUSDT+0.0096%1h1,474.9+0.027%$172K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,474.8+0.018%$14K$832K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,474.8+0.022%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,476+0.106%$2.7M$6.5M10xas long as short
Hyperliquid ZEC+0.0100%1h1,475.3+0.055%$768.0M$449.6M10xas long as short
Aster ZECUSDT+0.0100%8h1,475.3+0.056%$14.9M$31.0M75xas long as short
Pacifica ZEC+0.0100%1h1,475.3+0.052%$1.7M$2.7M10xas long as short
Binance ZECUSDT+0.0100%8h1,474.6+0.008%$683.3M$2.34B75xas long as short
Bybit ZECUSDT+0.0100%8h1,474.5+0.002%$272.1M$626.1M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,474.8+0.020%$218.8M$792.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,475.5+0.068%$103.9M$56.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,474.5+0.001%$163.5M$286.5M75xas long as short
BingX ZEC-USDC+0.0100%8h1,473.7−0.051%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,476.7+0.152%$575K$9.0M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,476+0.100%$3.0M$443K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,475.5+0.071%$429K$905K50xas long as short
StandX ZEC-USD+0.0100%1h1,474.2−0.018%$71K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,474.3−0.013%$342K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,474.5+0.003%$128K$158K20xas long as short
Derive ZEC-PERPshort+0.0100%1h1,472.7−0.122%$459K$510K6.7x
SunX ZEC-USDT+0.0100%8h1,476.4+0.131%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,474.7+0.014%$243K$3.8M10xas long as short
HTX ZEC-USDT+0.0100%8h1,474−0.037%$2.5M$19.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,475.1+0.041%$3.8M$5.2M50xas long as short
Bulk ZEC-USD+0.0100%1h1,474.6+0.011%$897K$17K10xas long as short
Extended ZEC-USD+0.0104%1h1,474.2−0.018%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,474−0.036%$51K$164K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0179%1h1,475.1+0.042%$607K$1.3M25xas long as short
Lighter RH ZEC+0.0216%1h1,477.1+0.178%$2.1M$7.0M10xas long as short
Arcus ZEC-USD+0.0254%1h1,476+0.103%$682K$8.7M10xas long as short
Lighter ZEC+0.0328%1h1,476.2+0.114%$19.3M$48.0M20xas long as short
RISEx ZEC/USDC+0.0374%1h1,475.1+0.042%$856K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0472%1h1,476.1+0.108%$3.7M$9.7M50xas long as short
Backpack ZEC_USDC_PERP+0.0556%1h1,475.9+0.094%$2.5M$3.9M15xas long as short
Aftermath Perps ZECUSD+0.0743%1h1,475.5+0.071%$44K$46K10xas long as short