Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: HTX against Bullet+0.016%50s7-day average −0.017% · 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−$310.305% of the position

Long on Bullet Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.073%−$7 on $10k

Price spread, last 3 days (all we have)+0.139%+$14 · spread now +0.016%, 7d avg −0.017%

Together, before fees+0.065%+$7 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: HTX is 0.034% dearer against Bullet than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.017%. The two prices were read 50 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	Bullet ZEC-USD	1,471.3	0.0100	pay 0.0013% / 1h	16m 25s	$128K	$160K	20x
Short	HTX ZEC-USDT	1,471.6	0.0100	get 0.0100% / 8h	6h 16m	$2.5M	$18.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bullet. 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 BulletbpFee HTXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.017%: $3.36
Slippage, 4 orders: −$10.54
Fee Bullet: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$27.18
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Bullet: live order book, 52 min ago; HTX: 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 Bullet live order book, 52 min ago	0.31 bp	5.8 bp −$6	11.8 bp −$118	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	2.55 bp	10.3 bp −$10	16.1 bp −$161	35.8 bp −$3,578	112.7 bp −$56.3K

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	−0.3678%	1h	1,459.6	−0.801%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,471.8	+0.033%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0016%	1h	1,472.5	+0.079%	$399K	$516K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,471.9	+0.041%	$18.1M	$43.8M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,471.9	+0.036%	$414K	$53K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,471.1	−0.013%	$973K	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.1	+0.052%	$84K	$254K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,471.3	−0.006%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0030%	8h	1,470.9	−0.030%	$294K	$1.0M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,471.4	+0.002%	$384K	—	100x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEC	+0.0055%	8h	1,474.3	+0.199%	$48.1M	$32.6M	—	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,472.1	+0.050%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,474.7	+0.228%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0096%	8h	1,470.8	−0.033%	$181.3M	$1.27B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,471.8	+0.033%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,471.5	+0.013%	$11K	$841K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.1	+0.055%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,472.4	+0.070%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.7	+0.093%	$767.2M	$443.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,471.7	+0.028%	$14.8M	$30.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472.8	+0.099%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,471.1	−0.015%	$680.7M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,470.8	−0.036%	$271.6M	$615.3M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.8	+0.098%	$894K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,471.4	+0.007%	$50.2M	$176.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,471.7	+0.024%	$216.3M	$801.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,471.9	+0.037%	$103.4M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,471.7	+0.028%	$163.5M	$282.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,471.8	+0.035%	—	$100.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,473.6	+0.155%	$574K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.3	+0.199%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474.1	+0.187%	$429K	$895K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,471.4	+0.002%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471.5	+0.011%	$346K	$1.8M	10x	as long as short
Bullet ZEC-USDlong	+0.0100%	1h	1,471.3	long leg	$128K	$160K	20x
Derive ZEC-PERP	+0.0100%	1h	1,470	−0.091%	$457K	$511K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,473.1	+0.118%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,471.5	+0.014%	$243K	$3.6M	10x	as long as short
HTX ZEC-USDTshort	+0.0100%	8h	1,471.6	+0.016%	$2.5M	$18.7M	75x
Phemex ZECUSDT	+0.0100%	8h	1,472.1	+0.052%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.2	+0.057%	$3.2M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.2	−0.012%	$48K	$162K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0139%	1h	1,472.1	+0.053%	$612K	$1.3M	25x	as long as short
Lighter ZEC	+0.0248%	1h	1,473.6	+0.156%	$19.2M	$48.2M	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,473.6	+0.152%	$693K	$8.6M	10x	as long as short
Lighter RH ZEC	+0.0288%	1h	1,474.5	+0.215%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,472.8	+0.098%	$866K	$1.0M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0460%	1h	1,471.8	+0.035%	$2.5M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,476.8	+0.374%	$3.7M	$9.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0746%	1h	1,473.5	+0.145%	$44K	$46K	10x	as long as short