Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.036%

Price spread now: SunX against Bybit+0.178%46s7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1321.319% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 3 days (all we have)−0.237%−$24 · spread now +0.178%, 7d avg +0.117%

Together, before fees−0.114%−$11 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: SunX is 0.061% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.117%. The two prices were read 46 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	Bybit ZECUSDT	1,466.4	0.0100	pay 0.0100% / 8h	6h 42m	$270.6M	$627.9M	75x
Short	SunX ZEC-USDT	1,469	0.0100	get 0.0100% / 8h	6h 42m	$3K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +0.178%Rate

Funding earned: $0
Price spread: +0.178% → +0.117%: $6.14
Slippage, 4 orders: −$112.92
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$125.77
Costs to cover: 1.319%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; SunX: live order book, 11 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 Bybit live order book, 2 min ago	0.03 bp	5.9 bp −$6	8.4 bp −$84	16.0 bp −$1,600	doesn't fit
Sell SunX live order book, 11 min ago	29.06 bp	69.0 bp −$69	doesn't fit	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	−0.3678%	1h	1,473.4	+0.478%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,467.3	+0.065%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0057%	1h	1,463.4	−0.203%	$400K	$515K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,467	+0.041%	$18.0M	$43.6M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,467.2	+0.059%	$413K	$57K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.6	+0.427%	$960K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,469.3	+0.197%	$84K	$264K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,467.1	+0.051%	$603K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,466.9	+0.034%	$5.2M	—	150x	as long as short
BloFin ZEC-USDT	+0.0012%	8h	1,475.2	+0.602%	$29.6M	$73.3M	75x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEC	+0.0016%	8h	1,474	+0.521%	$48.1M	$33.4M	—	as long as short
Orderly PERP_ZEC_USDC	+0.0026%	8h	1,466.7	+0.023%	$293K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,467.6	+0.080%	$8K	$9K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,467.2	+0.058%	$382K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,473.7	+0.501%	$4.7M	$1.5M	10x	as long as short
Gate ZEC_USDT	+0.0081%	8h	1,467.5	+0.077%	$49.8M	$174.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0081%	8h	1,466.8	+0.030%	$181.1M	$1.28B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,466.7	+0.025%	$172K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,466.3	−0.005%	$14K	$839K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,466.9	+0.039%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,467.7	+0.088%	$2.5M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,467.6	+0.080%	$763.4M	$450.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,466.8	+0.027%	$14.8M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,467.7	+0.089%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,466.5	+0.005%	$680.0M	$2.35B	75x	as long as short
Bybit ZECUSDTlong	+0.0100%	8h	1,466.4	long leg	$270.6M	$627.9M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,467	+0.042%	$218.3M	$794.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.1	+0.050%	$103.2M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.7	+0.089%	$162.8M	$286.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,466.4	−0.001%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,474.3	+0.541%	$574K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,472.7	+0.428%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474.5	+0.554%	$429K	$905K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470	+0.248%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,469.6	+0.220%	$341K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,468.7	+0.159%	$128K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465.4	−0.068%	$456K	$510K	6.7x	as long as short
SunX ZEC-USDTshort	+0.0100%	8h	1,469	+0.178%	$3K	$1.2M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,466.9	+0.033%	$242K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,466.6	+0.017%	$2.5M	$19.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,468	+0.112%	$3.8M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,474.6	+0.564%	$897K	$17K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,467.1	+0.048%	$3.2M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,466.9	+0.038%	$50K	$164K	20x	as long as short
Lighter RH ZEC	+0.0216%	1h	1,468.7	+0.161%	$2.0M	$7.1M	10x	as long as short
Lighter ZEC	+0.0240%	1h	1,468.5	+0.148%	$19.2M	$48.0M	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,468.5	+0.142%	$696K	$8.7M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,467.7	+0.091%	$852K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,469.2	+0.195%	$3.6M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0540%	1h	1,467.4	+0.067%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0737%	1h	1,473.6	+0.490%	$44K	$46K	10x	as long as short