Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:22 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.013%

Price spread now: Perpl against Bitget−0.094%7-day average −0.027% · you buy dearer than you sell

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

Long on Bitget Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 4 days (all we have)+0.986%+$99 · spread now −0.094%, 7d avg −0.027%

Together, before fees+1.142%+ Points / potential airdropPerpl: Active · farm board+$114 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 Perpl is 0.066% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.156%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZECUSDT	1,453.2	0.0100	pay 0.0100% / 8h	5h 34m	$161.4M	$277.8M	75x
Short	Perpl ZEC	1,451.9	0	get 0.0000% / 43m	22m 48s	$83K	$248K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Bitget. 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 BitgetbpFee PerplbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$21
Price spread: −0.094% → −0.027%: −$6.62
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$53.42
Costs to cover: 0.258%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Perpl: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 4 min ago	0.04 bp	8.2 bp −$8	11.8 bp −$118	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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	−0.3244%	1h	1,451.4	−0.129%	$33K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0080%	8h	1,453.2	−0.005%	$29.5M	$70.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,451.1	−0.147%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,450.2	−0.207%	$408K	$44K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,452.1	−0.075%	$1.3M	$5.0M	2.2x	as long as short
Perpl ZECshort	0.0000%	43m	1,451.9	−0.094%	$83K	$248K	10x
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,452.5	−0.049%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0041%	8h	1,453.3	+0.001%	$290K	$979K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0053% / S −0.0009%	1h	1,452.4	−0.055%	$375K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,449.2	−0.279%	$4.6M	$1.4M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ZECUSDT	+0.0087%	1h	1,450	−0.220%	$407K	$904K	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,451.4	−0.127%	$173K	$1.8M	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0098%	1h	1,445.9	−0.505%	$394K	$431K	5x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,449.8	−0.235%	$14K	$859K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,451.3	−0.135%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,452.9	−0.024%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,454.1	+0.059%	$756.7M	$433.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,452.5	−0.049%	$14.4M	$28.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,450.7	−0.174%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,453.2	−0.001%	$665.4M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,453.5	+0.019%	$266.5M	$610.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,453.5	+0.019%	$179.3M	$1.24B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,451.2	−0.139%	$879K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,453.5	+0.018%	$49.5M	$172.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,453.6	+0.027%	$213.5M	$774.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,453.1	−0.010%	$102.1M	$56.0M	75x	as long as short
Bitget ZECUSDTlong	+0.0100%	8h	1,453.2	long leg	$161.4M	$277.8M	75x
BingX ZEC-USDC	+0.0100%	8h	1,452.7	−0.039%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,453.9	+0.045%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,448.7	−0.312%	$46.8M	$32.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,449.1	−0.287%	$564K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,449.1	−0.288%	$3.0M	$419K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,448.7	−0.313%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,451.8	−0.099%	$323K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,452.6	−0.041%	$160K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,451.7	−0.104%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,455.2	+0.136%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,453.4	+0.012%	$232K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,451.5	−0.122%	$2.6M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,453.5	+0.019%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,453.2	−0.002%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,453	−0.020%	$47K	$156K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,451.9	−0.091%	$8K	$7K	5x	as long as short
Lighter ZEC	+0.0192%	1h	1,454.7	+0.099%	$19.0M	$46.4M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,453.4	+0.014%	$17.9M	$44.5M	25x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,453.2	−0.005%	$724K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0336%	1h	1,455	+0.118%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,451.8	−0.101%	$828K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,453.9	+0.042%	$3.7M	$9.1M	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0461%	1h	1,454	+0.054%	$611K	$1.3M	25x	as long as short
Aftermath Perps ZECUSD	+0.0711%	1h	1,453.4	+0.012%	$43K	$46K	10x	as long as short