Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Backpack against Aevo+0.165%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$480.481% of the position
Funding, last 7 days−0.273%−$27 on $10k
+Price spread, last 3 days (all we have)−0.888%−$89 · spread now +0.165%, 7d avg −0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.171% dearer against Aevo than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo ZEC-PERP | 1,455.9 | 0.0104 | pay 0.0013% / 1h | 27m 51s | $36K | $362K | 20x |
| Short | Backpack ZEC_USDC_PERP | 1,458.3 | 0.0100 | get 0.0013% / 1h | 27m 51s | $2.3M | $4.1M | 15x |
Aevo ZEC-PERP
Backpack ZEC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.165% → −0.006%
- $17.08
- Slippage, 4 orders
- −$22.05
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$31.82
- Costs to cover
- 0.481%
- Break-even
- never at this rate
Slippage from Aevo: live order book, 61 min ago; Backpack: live order book, 1 min ago.
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 Aevo live order book, 61 min ago | 3.93 bp | 16.8 bp −$17 | 28.4 bp −$284 | 42.5 bp −$4,254 | doesn't fit |
| Sell Backpack live order book, 1 min ago | 0.03 bp | 7.5 bp −$7 | 34.5 bp −$345 | doesn't fit | doesn't fit |
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 | −1.563% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0092% | 8h | 1,453.5 | −0.167% | $29.0M | $75.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,456.1 | +0.014% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,455.6 | −0.018% | $17.7M | $44.7M | 25x | as long as short |
| Variational Omni ZEC | −0.0001% | 8h | 1,443 | −0.883% | $45.4M | $32.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,457.9 | +0.139% | $411K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,457.3 | +0.094% | $914K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,455.7 | −0.015% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,456.5 | +0.042% | $593K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,456.1 | +0.012% | $5.2M | — | 150x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZECUSDT | +0.0012% | 8h | 1,457.9 | +0.138% | $268.3M | $675.7M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,455.9 | +0.003% | $292K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0026% / S +0.0072% | 1h | 1,455.9 | +0.003% | $547K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0056% | 8h | 1,458.3 | +0.162% | $172.9M | $1.36B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,455.9 | −0.001% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0079% | 8h | 1,458.4 | +0.170% | $49.4M | $189.8M | 75x | as long as short |
| Aster ZECUSDT | +0.0086% | 8h | 1,458.5 | +0.177% | $15.4M | $34.6M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,456.1 | +0.016% | $13K | $873K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,458.4 | +0.175% | $18.8M | $54.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,456.5 | +0.038% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,456.6 | +0.050% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,455.6 | −0.018% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,458.9 | +0.207% | $753.9M | $496.3M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,457.4 | +0.103% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,458 | +0.144% | $664.6M | $2.53B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,441.6 | −0.982% | $392K | $516K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,445 | −0.747% | $890K | $32K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,457.9 | +0.137% | $217.3M | $894.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,459.2 | +0.227% | $103.7M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,458.4 | +0.172% | $161.4M | $313.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,457.9 | +0.136% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERPshort | +0.0100% | 1h | 1,458.3 | +0.165% | $2.3M | $4.1M | 15x | |
| edgeX ZECUSDC | +0.0100% | 4h | 1,444.1 | −0.809% | $485K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,445.8 | −0.696% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,445.6 | −0.705% | $702K | $608K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,450.5 | −0.374% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,456.4 | +0.035% | $350K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,455.7 | −0.016% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,454.6 | −0.088% | $442K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,457.6 | +0.117% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,455.8 | −0.008% | $221K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,457.7 | +0.126% | $2.4M | $25.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,457.2 | +0.086% | $3.8M | $5.4M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.1 | −0.263% | $4.5M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,458.8 | +0.197% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERPlong | +0.0104% | 1h | 1,455.9 | long leg | $36K | $362K | 20x | |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,457.3 | +0.094% | $870K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,457.3 | +0.093% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0459% | 1h | 1,450.9 | −0.346% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,458.7 | +0.194% | $754K | $8.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0680% | 1h | 1,458.4 | +0.172% | $1.9M | $8.5M | 10x | as long as short |
Bybit ZECUSDT
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
Aster ZECUSDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Phoenix ZEC
Extended ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC