Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h −0.122%

Price spread now: HTX against Aftermath Perps+0.231%50s7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps 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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and HTX is 0.231% dearer against Aftermath Perps than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps ZECUSD	1,498.6	−0.0101	get 0.0013% / 1h	17m 31s	$48K	$58K	10x
Short	HTX ZEC-USDT	1,502.1	0.0100	get 0.0100% / 8h	17m 31s	$2.7M	$20.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aftermath Perps. 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 Aftermath PerpsbpFee HTXbpOrdersPrice spread, now +0.231%Rate

Funding earned: $42.28
Price spread: +0.231% → 0.000%: $23.12
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: $44.4
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; HTX: live order book, 2 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell HTX live order book, 2 min ago	2.06 bp	8.2 bp −$8	14.8 bp −$148	32.9 bp −$3,290	doesn't fit

Aftermath Perps: 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	1,479.6	−1.272%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,504	+0.360%	$62K	$303K	10x	as long as short
BloFin ZEC-USDT	−0.0148%	8h	1,504.3	+0.376%	$31.3M	$76.0M	75x	as long as short
Bulk ZEC-USD	−0.0108%	1h	1,495.7	−0.195%	$810K	$100K	10x	as long as short
Aftermath Perps ZECUSDlong	−0.0101%	1h	1,498.6	long leg	$48K	$58K	10x
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.3	+0.309%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,505.2	+0.437%	$418K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,504.3	+0.379%	$1.5M	$4.4M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,505.4	+0.451%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,504.5	+0.393%	$18.0M	$47.1M	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	+0.0050%	1h	1,498	−0.042%	$408K	$555K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,503.7	+0.341%	$303K	$864K	20x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,505.4	+0.452%	$8K	$6K	5x	as long as short
Phoenix ZEC	+0.0096%	1h	1,496	−0.175%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,505.2	+0.437%	$183K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,505.3	+0.445%	$12K	$891K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,505.4	+0.450%	$62K	$20K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,505.6	+0.464%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,505.7	+0.471%	$786.5M	$439.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,504.9	+0.421%	$14.0M	$30.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,505.8	+0.475%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,505.2	+0.441%	$704.2M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,504.7	+0.402%	$270.6M	$617.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,504.9	+0.419%	$184.1M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,505.2	+0.439%	$57.0M	$185.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,505.6	+0.465%	$243.5M	$804.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,505.5	+0.455%	$103.3M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,505.4	+0.451%	$162.8M	$289.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,504.4	+0.383%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,495.2	−0.230%	$48.9M	$34.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,501.5	+0.190%	$575K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503.1	+0.295%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.4	+0.382%	$414K	$946K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,503.4	+0.320%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,505.2	+0.438%	$361K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,505.4	+0.449%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,502.7	+0.271%	$459K	$469K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,506.1	+0.501%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,503.8	+0.346%	$254K	$3.4M	10x	as long as short
HTX ZEC-USDTshort	+0.0100%	8h	1,502.1	+0.231%	$2.7M	$20.7M	75x
Phemex ZECUSDT	+0.0100%	8h	1,503.6	+0.329%	$4.0M	$4.9M	50x	as long as short
Lighter RH ZEC	+0.0104%	1h	1,506.6	+0.534%	$2.1M	$7.4M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,505.3	+0.447%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,503.9	+0.354%	$43K	$151K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0115%	1h	1,504.6	+0.401%	$687K	$1.4M	25x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,505.5	+0.457%	$948K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0146% / S −0.0143%	1h	1,504	+0.356%	$334K	—	100x	as long as short
Lighter ZEC	+0.0208%	1h	1,506.6	+0.532%	$20.0M	$45.8M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,505.9	+0.483%	$609K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,504.8	+0.414%	$3.7M	$9.8M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0524%	1h	1,504.3	+0.375%	$2.3M	$3.8M	15x	as long as short