Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h +0.015%

Price spread now: Deribit against Aster+0.032%55s7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.259% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.145%+$14 on $10k

Price spread, last 3 days (all we have)+0.756%+$76 · spread now +0.032%, 7d avg +0.086%

Together, before fees+0.901%+ Points / potential airdropAster: Stage 5 · farm board+$90 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.054% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.086%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.145%, so the current rate has only just turned against you. The two prices were read 55 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	Aster ZECUSDT	1,457.1	0.0094	pay 0.0094% / 8h	2h 20m	$15.3M	$34.5M	75x
Short	Deribit ZEC_USDC-PERPETUAL	1,457.6	0	get 0.0000% / 1h	20m 28s	$593K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$19.67
Price spread: +0.032% → +0.086%: −$5.39
Slippage, 4 orders: −$10.91
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$50.98
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Deribit: live order book, 4 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 Aster live order book, 4 min ago	0.03 bp	5.4 bp −$5	7.6 bp −$76	25.1 bp −$2,510	doesn't fit
Sell Deribit live order book, 4 min ago	3.47 bp	7.0 bp −$7	13.4 bp −$134	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	−1.646%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0085%	8h	1,456.9	−0.017%	$28.8M	$75.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.9	−0.016%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,456.9	−0.017%	$17.7M	$44.7M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457.5	+0.027%	$410K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,457.1	−0.005%	$933K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456.2	−0.064%	$83K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUALshort	0.0000%	1h	1,457.6	+0.032%	$593K	$1.3M	25x
Variational Omni ZEC	+0.0005%	8h	1,459.3	+0.147%	$45.7M	$33.1M	—	as long as short
Bybit ZECUSDT	+0.0005%	8h	1,457.8	+0.043%	$267.9M	$677.2M	75x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.5	+0.027%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0016%	8h	1,457	−0.010%	$292K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0022% / S +0.0071%	1h	1,457.5	+0.027%	$557K	—	100x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,457.2	+0.002%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0059%	8h	1,456.5	−0.042%	$173.4M	$1.36B	50x	as long as short
Gate ZEC_USDT	+0.0076%	8h	1,456.2	−0.062%	$49.4M	$190.4M	75x	as long as short
Aster ZECUSDTlong	+0.0094%	8h	1,457.1	long leg	$15.3M	$34.5M	75x
Katana Perps ZEC-USD	+0.0095%	8h	1,456.6	−0.035%	$13K	$871K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,457.7	+0.040%	$18.8M	$54.6M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,456.5	−0.042%	$173K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,456.4	−0.049%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,457.5	+0.025%	$2.5M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,457.4	+0.019%	$752.9M	$494.3M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457	−0.009%	$1.6M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,457.2	+0.005%	$664.7M	$2.53B	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,454.6	−0.173%	$395K	$521K	5x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,456.9	−0.016%	$215.6M	$897.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,456.8	−0.020%	$103.1M	$57.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,456.8	−0.023%	$161.2M	$313.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,455.9	−0.084%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,457.2	+0.006%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,454.7	−0.168%	$489K	$9.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,455.5	−0.110%	$3.0M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,455.5	−0.114%	$428K	$814K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.4	−0.053%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.9	−0.016%	$346K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457	−0.007%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.8	−0.091%	$443K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.2	+0.142%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.1	−0.005%	$221K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,457.6	+0.029%	$2.4M	$25.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,456.8	−0.025%	$3.8M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,455	−0.147%	$896K	$26K	10x	as long as short
Phoenix ZEC	+0.0103%	1h	1,455.5	−0.110%	$4.6M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,456.8	−0.024%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,457.1	+0.001%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,457.1	0.000%	$865K	$1.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,457.8	+0.044%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0450%	1h	1,456.2	−0.066%	$40K	$34K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,458.3	+0.080%	$749K	$8.0M	10x	as long as short
Lighter RH ZEC	+0.0640%	1h	1,458.3	+0.081%	$1.9M	$8.5M	10x	as long as short