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

ZEC

all ZEC markets
SwapBacktest
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 − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$160.163% of the position
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk ZEC-USD1,470.80.0100pay 0.0013% / 1h54m 43s$895K$33K10x
ShortNado ZEC-PERP1,474.50.0100get 0.0012% / 1h54m 43s$2.6M$6.8M10x

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

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
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 19 min ago0.03 bp3.5 bp −$43.7 bp −$376.6 bp −$65613.4 bp −$6,720
Sell Nado live order book, 4 min ago0.03 bp4.4 bp −$412.4 bp −$124doesn't fitdoesn't fit

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−0.3321%1h1,475+0.287%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0342%1h1,474.4+0.251%$17.9M$43.7M25xas long as short
Ondo Perps ZEC-USD.P−0.0134%1h1,472.2+0.099%$399K$516K5xas long as short
Bybit ZECUSDT−0.0104%8h1,475.7+0.339%$275.5M$648.0M75xas long as short
BloFin ZEC-USDT−0.0101%8h1,474.7+0.270%$29.7M$74.7M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,476.6+0.399%$6K$2K10xas long as short
Variational Omni ZEC−0.0060%8h1,472.4+0.111%$47.7M$34.4Mas long as short
dYdX ZEC-USD0.0000%1h1,476+0.358%$416K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,474.8+0.274%$960K$5.6M2.2xas long as short
Perpl ZEC0.0000%43m1,473.9+0.215%$84K$406K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,474.1+0.227%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0015%8h1,473.8+0.205%$294K$1.4M20xas long as short
Phoenix ZEC+0.0024%1h1,470.8+0.001%$4.7M$1.6M10xas long as short
OKX ZEC-USDT-SWAP+0.0040%8h1,476.4+0.381%$182.3M$1.34B50xas long as short
01 Exchange ZECUSD+0.0048%1h1,477.8+0.477%$8K$8K5xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,474+0.220%$372K100xas long as short
Lighter ZEC+0.0096%1h1,477.7+0.473%$19.2M$50.2M20xas long as short
Popdex ZECUSDT+0.0096%1h1,476.9+0.418%$175K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,477.6+0.463%$13K$853K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,476.1+0.367%$61K$39K10xas long as short
Nado ZEC-PERPshort+0.0100%1h1,474.5+0.256%$2.6M$6.8M10x
Hyperliquid ZEC+0.0100%1h1,477.8+0.479%$766.3M$459.1M10xas long as short
Aster ZECUSDT+0.0100%8h1,476.6+0.399%$15.0M$32.4M75xas long as short
Pacifica ZEC+0.0100%1h1,476.6+0.399%$1.7M$2.9M10xas long as short
Binance ZECUSDT+0.0100%8h1,476.3+0.375%$685.8M$2.45B75xas long as short
Arcus ZEC-USD+0.0100%1h1,477.6+0.464%$688K$8.4M10xas long as short
Bulk ZEC-USDlong+0.0100%1h1,470.8long leg$895K$33K10x
Gate ZEC_USDT+0.0100%8h1,476.6+0.394%$51.5M$177.7M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,476.3+0.378%$230.9M$820.2M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,476.3+0.375%$105.3M$56.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,476.6+0.396%$164.3M$299.8M75xas long as short
BingX ZEC-USDC+0.0100%8h1,475.6+0.332%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,472+0.082%$550K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,474.1+0.228%$3.0M$454K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,472.7+0.134%$432K$851K50xas long as short
StandX ZEC-USD+0.0100%1h1,474+0.224%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,473.6+0.194%$334K$1.9M10xas long as short
Bullet ZEC-USD+0.0100%1h1,473.7+0.199%$128K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,472.1+0.092%$459K$509K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,476.1+0.362%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,474.2+0.234%$243K$4.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,473.7+0.200%$2.5M$22.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,474.6+0.264%$3.9M$5.4M50xas long as short
Extended ZEC-USD+0.0104%1h1,476.8+0.410%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,472.1+0.089%$29K$203K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0137%1h1,475.2+0.301%$615K$1.3M25xas long as short
RISEx ZEC/USDC+0.0228%1h1,477.3+0.449%$843K$1.2M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,476.7+0.406%$3.8M$10.6M50xas long as short
Backpack ZEC_USDC_PERP+0.0615%1h1,476.3+0.379%$2.5M$3.8M15xas long as short
Lighter RH ZEC+0.0632%1h1,478.3+0.513%$2.0M$8.0M10xas long as short
Aftermath Perps ZECUSD+0.0776%1h1,473.8+0.208%$46K$46K10xas long as short