Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.020%

Price spread now: HTX against 01 Exchange−0.185%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 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. HTX is 0.185% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.185% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 31 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ZECUSD	1,511.3	0.0080	pay 0.0010% / 1h	5m 22s	$8K	$6K	5x
Short	HTX ZEC-USDT	1,508.5	0.0100	get 0.0100% / 8h	5m 22s	$2.7M	$21.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee HTXbpOrdersPrice spread, now −0.185%Rate

Funding earned: $4.2
Price spread: −0.185% → 0.000%: −$18.46
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$33.26
Costs to cover: 0.190%
Break-even: 62.4 days

Slippage unknown: 01 Exchange: no order-book sample; HTX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell HTX live order book, 4 min ago	4.78 bp	12.7 bp −$13	19.7 bp −$197	43.7 bp −$4,374	doesn't fit

01 Exchange: 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	−0.3442%	1h	1,507.9	−0.223%	$37K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,510.2	−0.074%	$62K	$306K	10x	as long as short
Bulk ZEC-USD	−0.0412%	1h	1,508.1	−0.209%	$776K	$147K	10x	as long as short
BloFin ZEC-USDT	−0.0181%	8h	1,510.9	−0.024%	$31.0M	$76.7M	75x	as long as short
Aftermath Perps ZECUSD	−0.0104%	1h	1,510.1	−0.076%	$48K	$59K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,511	−0.019%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,509.7	−0.105%	$420K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,509.8	−0.095%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,508.5	−0.183%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,509.3	−0.130%	$18.2M	$47.8M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZEC-USD.P	+0.0059%	1h	1,507	−0.283%	$412K	$551K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0063%	1h	1,509.9	−0.089%	$690K	$1.4M	25x	as long as short
01 Exchange ZECUSDlong	+0.0080%	1h	1,511.3	long leg	$8K	$6K	5x
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,510	−0.087%	$304K	$863K	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,511.5	+0.017%	$4.8M	$1.4M	10x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,510.7	−0.036%	$2.1M	$7.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,511.2	−0.005%	$176K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,511.2	−0.005%	$16K	$897K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,510	−0.083%	$62K	$19K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,511.3	+0.005%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,511.5	+0.015%	$791.7M	$445.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,510.4	−0.056%	$14.2M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,510.3	−0.066%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,511.4	+0.010%	$713.9M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,509.6	−0.108%	$272.2M	$626.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,510.4	−0.060%	$182.8M	$1.38B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,510.8	−0.030%	$59.1M	$190.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,511.3	+0.003%	$226.2M	$826.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,510.9	−0.023%	$103.4M	$57.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,510.7	−0.036%	$163.4M	$293.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,510.8	−0.031%	—	$119.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,507.8	−0.228%	$49.8M	$35.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,511.6	+0.021%	$578K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,510.4	−0.060%	$3.1M	$519K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,511.2	−0.005%	$416K	$948K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,510.1	−0.078%	$54K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,511	−0.018%	$376K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,508.4	−0.191%	$168K	$193K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,513.1	+0.123%	$462K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,511.1	−0.015%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,509.4	−0.124%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDTshort	+0.0100%	8h	1,508.5	−0.185%	$2.7M	$21.1M	75x
Phemex ZECUSDT	+0.0100%	8h	1,509.3	−0.133%	$4.1M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,511.3	−0.001%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,509.1	−0.144%	$43K	$151K	20x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,511.5	+0.013%	$959K	$1.1M	10x	as long as short
Lighter ZEC	+0.0144%	1h	1,511.5	+0.013%	$19.6M	$47.0M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0149% / S −0.0149%	1h	1,508.6	−0.177%	$335K	—	100x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,511.8	+0.034%	$598K	$8.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,511.3	+0.001%	$3.7M	$9.8M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0494%	1h	1,508.6	−0.179%	$2.3M	$3.7M	15x	as long as short