Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: Nado against Bulk+0.256%54s7-day average +0.062% · 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−$160.163% of the position

Long on Bulk Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.675%−$67 · spread now +0.256%, 7d avg +0.062%

Together, before fees−0.624%+ Points / potential airdropNado: Active · farm board−$62 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: Nado is 0.195% dearer against Bulk than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.062%. The two prices were read 54 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	Bulk ZEC-USD	1,470.8	0.0100	pay 0.0013% / 1h	54m 43s	$895K	$33K	10x
Short	Nado ZEC-PERP	1,474.5	0.0100	get 0.0012% / 1h	54m 43s	$2.6M	$6.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bulk. 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 BulkbpFee NadobpOrdersPrice spread, now +0.256%Rate

Funding earned: $0
Price spread: +0.256% → +0.062%: $19.46
Slippage, 4 orders: −$2.28
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $3.18
Costs to cover: 0.163%
Break-even: from the start

Slippage from Bulk: live order book, 19 min ago; Nado: 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 Bulk live order book, 19 min ago	0.03 bp	3.5 bp −$4	3.7 bp −$37	6.6 bp −$656	13.4 bp −$6,720
Sell Nado live order book, 4 min ago	0.03 bp	4.4 bp −$4	12.4 bp −$124	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	−0.3321%	1h	1,475	+0.287%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0342%	1h	1,474.4	+0.251%	$17.9M	$43.7M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0134%	1h	1,472.2	+0.099%	$399K	$516K	5x	as long as short
Bybit ZECUSDT	−0.0104%	8h	1,475.7	+0.339%	$275.5M	$648.0M	75x	as long as short
BloFin ZEC-USDT	−0.0101%	8h	1,474.7	+0.270%	$29.7M	$74.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,476.6	+0.399%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0060%	8h	1,472.4	+0.111%	$47.7M	$34.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,476	+0.358%	$416K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,474.8	+0.274%	$960K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473.9	+0.215%	$84K	$406K	10x	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	1,474.1	+0.227%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,473.8	+0.205%	$294K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,470.8	+0.001%	$4.7M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,476.4	+0.381%	$182.3M	$1.34B	50x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,477.8	+0.477%	$8K	$8K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,474	+0.220%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,477.7	+0.473%	$19.2M	$50.2M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,476.9	+0.418%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,477.6	+0.463%	$13K	$853K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,476.1	+0.367%	$61K	$39K	10x	as long as short
Nado ZEC-PERPshort	+0.0100%	1h	1,474.5	+0.256%	$2.6M	$6.8M	10x
Hyperliquid ZEC	+0.0100%	1h	1,477.8	+0.479%	$766.3M	$459.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,476.6	+0.399%	$15.0M	$32.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,476.6	+0.399%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,476.3	+0.375%	$685.8M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,477.6	+0.464%	$688K	$8.4M	10x	as long as short
Bulk ZEC-USDlong	+0.0100%	1h	1,470.8	long leg	$895K	$33K	10x
Gate ZEC_USDT	+0.0100%	8h	1,476.6	+0.394%	$51.5M	$177.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,476.3	+0.378%	$230.9M	$820.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476.3	+0.375%	$105.3M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,476.6	+0.396%	$164.3M	$299.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,475.6	+0.332%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,472	+0.082%	$550K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.1	+0.228%	$3.0M	$454K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.7	+0.134%	$432K	$851K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,474	+0.224%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,473.6	+0.194%	$334K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,473.7	+0.199%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.1	+0.092%	$459K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.1	+0.362%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,474.2	+0.234%	$243K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473.7	+0.200%	$2.5M	$22.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.6	+0.264%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,476.8	+0.410%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.1	+0.089%	$29K	$203K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0137%	1h	1,475.2	+0.301%	$615K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,477.3	+0.449%	$843K	$1.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,476.7	+0.406%	$3.8M	$10.6M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0615%	1h	1,476.3	+0.379%	$2.5M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0632%	1h	1,478.3	+0.513%	$2.0M	$8.0M	10x	as long as short
Aftermath Perps ZECUSD	+0.0776%	1h	1,473.8	+0.208%	$46K	$46K	10x	as long as short