Funding arb · Price arb /

ZEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%

Price spread now: StandX against Aster−0.035%58s7-day average +0.031% · you buy dearer than you sell

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−$280.281% of the position

Long on Aster Short on StandX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.274%+$27 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.035%, 7d avg +0.031%

Together, before fees+0.340%+ Points / potential airdropAster: Stage 5 · StandX: Active · farm board+$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.066% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.031%. The two prices were read 58 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	1,498.3	0.0100	pay 0.0100% / 8h	7h 00m	$14.0M	$29.2M	75x
Short	StandX ZEC-USD	1,497.7	0.0100	get 0.0013% / 1h	0m 39s	$50K	$4.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.031%: −$6.59
Slippage, 4 orders: −$12.12
Fee Aster: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: −$34.71
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; StandX: live order book, 3 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, 3 min ago	0.47 bp	6.5 bp −$6	9.0 bp −$90	45.6 bp −$4,555	doesn't fit
Sell StandX live order book, 3 min ago	2.74 bp	7.3 bp −$7	12.2 bp −$122	doesn't fit	doesn't fit

ZEC on 50 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	−0.3702%	1h	1,478.9	−1.290%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,496.7	−0.103%	$61K	$307K	10x	as long as short
Aftermath Perps ZECUSD	−0.0240%	1h	1,499.1	+0.057%	$46K	$60K	10x	as long as short
BloFin ZEC-USDT	−0.0154%	8h	1,499.1	+0.058%	$31.7M	$75.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,498.7	+0.027%	$6K	$1K	10x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,499.9	+0.107%	$1.5M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,497.3	−0.063%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,499.1	+0.054%	$18.3M	$47.4M	25x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,498.9	+0.044%	$8K	$6K	5x	as long as short
dYdX ZEC-USD	+0.0064%	1h	1,498.1	−0.009%	$413K	$34K	5x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0082%	1h	1,497.9	−0.027%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,498.7	+0.027%	$303K	$860K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,499.3	+0.071%	$19.5M	$46.2M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,499.4	+0.075%	$2.1M	$7.7M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,498.9	+0.043%	$176K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,498.1	−0.009%	$62K	$16K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,498.6	+0.025%	$15K	$885K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,500.1	+0.121%	$3.1M	$7.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,499.3	+0.070%	$785.8M	$445.2M	10x	as long as short
Aster ZECUSDTlong	+0.0100%	8h	1,498.3	long leg	$14.0M	$29.2M	75x
Pacifica ZEC	+0.0100%	1h	1,498.8	+0.039%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,499.1	+0.058%	$707.3M	$2.28B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,498.4	+0.008%	$273.3M	$606.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,498.7	+0.027%	$186.1M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,495.1	−0.210%	$407K	$529K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,499.9	+0.109%	$604K	$8.7M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,501.6	+0.220%	$772K	$147K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,498.9	+0.042%	$60.5M	$189.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,498.8	+0.034%	$406.5M	$847.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,498.3	+0.001%	$102.6M	$55.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,498.6	+0.025%	$163.4M	$290.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,497.6	−0.043%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,498.9	+0.040%	$2.3M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,497	−0.082%	$49.5M	$35.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,499.6	+0.093%	$548K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,499.1	+0.054%	$3.1M	$561K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,499	+0.053%	$412K	$955K	50x	as long as short
StandX ZEC-USDshort	+0.0100%	1h	1,497.7	−0.035%	$50K	$4.5M	30x
Polymarket Perps ZEC-USD	+0.0100%	1h	1,500.1	+0.123%	$372K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,499.2	+0.067%	$168K	$190K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,502.4	+0.274%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,498.9	+0.041%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,498.6	+0.024%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,499	+0.049%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,498.7	+0.031%	$2.7M	$7.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,499	+0.048%	$43K	$157K	20x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,498.8	+0.038%	$988K	$1.2M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0167% / S −0.0166%	1h	1,498.9	+0.044%	$341K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0227%	1h	1,499.7	+0.095%	$686K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,500.3	+0.138%	$3.9M	$9.8M	50x	as long as short