Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h −0.016%
Price spread now: Ondo Perps against Binance+0.165%46s7-day average −0.048% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.231%+$23 on $10k
Price spread, last 4 days (all we have)−0.289%−$29 · spread now +0.165%, 7d avg −0.048%
Together, before fees−0.058%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.213% dearer against Binance than usual: you sell high and buy low (spread +0.165% now, against its 7-day average of −0.048%): +$21 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.231%, so the current rate has only just turned against you. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZECUSDT1,470.60.0100pay 0.0100% / 8h6h 43m$681.9M$2.34B75x
ShortOndo Perps ZEC-USD.P1,473−0.0063pay 0.0008% / 1h43m 47s$400K$517K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Binance. 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

Funding earned
−$34.27
Price spread: +0.165% → −0.048%
$21.33
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$27.94
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Binance: live order book, 15 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 15 min ago0.03 bp5.1 bp −$57.6 bp −$7611.4 bp −$1,141doesn't fit
Sell Ondo Perps no order-book sample
Ondo 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3678%1h1,475.7+0.352%$34K$274K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,472.4+0.126%$6K$1K10xas long as short
Ondo Perps ZEC-USD.Pshort−0.0063%1h1,473+0.165%$400K$517K5x
Kraken Futures PF_ZECUSD−0.0002%1h1,472.4+0.124%$18.0M$43.4M25xas long as short
dYdX ZEC-USD0.0000%1h1,471.5+0.066%$414K$103K5xas long as short
Kalshi KXZECPERP0.0000%8h1,472.6+0.141%$958K$5.0M2.2xas long as short
Perpl ZEC0.0000%43m1,471.7+0.075%$84K$264K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,472.4+0.124%$5.2M150xas long as short
BloFin ZEC-USDT+0.0012%8h1,475.2+0.315%$29.6M$73.3M75xas long as short
Variational Omni ZEC+0.0016%8h1,474+0.234%$48.1M$33.4Mas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZEC_USDC+0.0026%8h1,472+0.100%$294K$1.1M20xas long as short
01 Exchange ZECUSD+0.0032%1h1,472+0.097%$8K$9K5xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,472.2+0.108%$383K100xas long as short
Phoenix ZEC+0.0070%1h1,473.7+0.214%$4.7M$1.5M10xas long as short
OKX ZEC-USDT-SWAP+0.0080%8h1,470.8+0.018%$181.1M$1.28B50xas long as short
Gate ZEC_USDT+0.0081%8h1,470.5−0.004%$50.0M$174.3M75xas long as short
Popdex ZECUSDT+0.0096%1h1,471.8+0.085%$173K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,471.8+0.082%$14K$832K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,471.8+0.083%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,472.1+0.104%$2.6M$6.5M10xas long as short
Hyperliquid ZEC+0.0100%1h1,471.1+0.036%$765.7M$450.0M10xas long as short
Aster ZECUSDT+0.0100%8h1,472+0.095%$14.9M$31.0M75xas long as short
Pacifica ZEC+0.0100%1h1,472.6+0.140%$1.7M$2.7M10xas long as short
Binance ZECUSDTlong+0.0100%8h1,470.6long leg$681.9M$2.34B75x
Bybit ZECUSDT+0.0100%8h1,470.4−0.014%$271.6M$627.0M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,470.6+0.002%$218.4M$793.5M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,472.6+0.137%$103.6M$56.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,470.7+0.012%$163.1M$286.3M75xas long as short
BingX ZEC-USDC+0.0100%8h1,470.2−0.027%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,474.3+0.254%$574K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,476+0.367%$3.0M$443K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,474.5+0.267%$429K$905K50xas long as short
StandX ZEC-USD+0.0100%1h1,472.9+0.155%$71K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,471.6+0.070%$341K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,471.8+0.083%$128K$158K20xas long as short
Derive ZEC-PERP+0.0100%1h1,470.9+0.020%$458K$510K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,474.5+0.264%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,472.3+0.119%$243K$3.8M10xas long as short
HTX ZEC-USDT+0.0100%8h1,471.9+0.090%$2.5M$19.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,472.6+0.138%$3.9M$5.3M50xas long as short
Bulk ZEC-USD+0.0100%1h1,474.6+0.277%$897K$17K10xas long as short
Extended ZEC-USD+0.0104%1h1,470.9+0.020%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,471.9+0.087%$51K$164K20xas long as short
Lighter RH ZEC+0.0224%1h1,473.9+0.228%$2.1M$7.0M10xas long as short
Arcus ZEC-USD+0.0254%1h1,473.4+0.193%$684K$8.7M10xas long as short
Lighter ZEC+0.0288%1h1,473.7+0.214%$19.2M$48.0M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0321%1h1,473.1+0.174%$606K$1.3M25xas long as short
RISEx ZEC/USDC+0.0374%1h1,472.3+0.116%$855K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0472%1h1,474+0.230%$3.6M$9.7M50xas long as short
Backpack ZEC_USDC_PERP+0.0553%1h1,473.3+0.188%$2.5M$3.9M15xas long as short
Aftermath Perps ZECUSD+0.0735%1h1,474.1+0.237%$44K$46K10xas long as short