Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h +0.012%

Price spread now: edgeX against Deribit−0.414%7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 3 days (all we have)−0.554%−$55 · spread now −0.414%, 7d avg −0.121%

Together, before fees−0.392%+ Points / potential airdropedgeX: Active · farm board−$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and edgeX is 0.292% cheaper against Deribit than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.121%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.162%, 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	Deribit ZEC_USDC-PERPETUAL	1,474.1	0.0154	pay 0.0019% / 1h	20m 47s	$615K	$1.3M	25x
Short	edgeX ZECUSDC	1,468	0.0100	get 0.0050% / 4h	20m 47s	$511K	$9.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now −0.414%Rate

Funding earned: −$11.37
Price spread: −0.414% → −0.121%: −$29.22
Slippage, 4 orders: −$14.22
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$70.82
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from Deribit: live order book, 3 min ago; edgeX: 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 Deribit live order book, 3 min ago	5.62 bp	10.5 bp −$11	16.7 bp −$167	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	0.38 bp	4.9 bp −$5	9.1 bp −$91	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	−0.3089%	1h	1,452.2	−1.484%	$33K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0256%	1h	1,470.4	−0.249%	$399K	$522K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,473.8	−0.016%	$17.9M	$44.4M	25x	as long as short
Bybit ZECUSDT	−0.0115%	8h	1,473.5	−0.041%	$275.0M	$653.0M	75x	as long as short
BloFin ZEC-USDT	−0.0107%	8h	1,473.7	−0.024%	$29.7M	$75.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.2	−0.260%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0061%	8h	1,472.2	−0.125%	$47.2M	$34.2M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,474.3	+0.016%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473	−0.074%	$960K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.2	−0.128%	$84K	$407K	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	0.0000%	1h	1,469.2	−0.328%	$431K	$843K	50x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,473.2	−0.057%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,472.5	−0.104%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,473.1	−0.065%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,471.2	−0.195%	$4.6M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,473.7	−0.028%	$181.2M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0049%	8h	1,474.6	+0.034%	$51.3M	$187.3M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,473.2	−0.058%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,475.6	+0.106%	$19.2M	$52.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.7	−0.096%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,471.3	−0.189%	$13K	$834K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.3	−0.123%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.2	−0.061%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,475.3	+0.083%	$764.5M	$472.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,474.4	+0.021%	$15.0M	$32.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,473	−0.075%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474	−0.006%	$683.9M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,473.3	−0.053%	$702K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,469.8	−0.293%	$894K	$39K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,474.6	+0.036%	$223.2M	$841.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,474.7	+0.041%	$103.8M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,474.2	+0.009%	$163.6M	$301.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,473.6	−0.032%	—	$6.7M	—	as long as short
edgeX ZECUSDCshort	+0.0100%	4h	1,468	−0.414%	$511K	$9.2M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,470	−0.275%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,469	−0.341%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.7	−0.093%	$337K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.7	−0.090%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,471.5	−0.174%	$459K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,475.1	+0.070%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,473.5	−0.042%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473	−0.073%	$2.5M	$22.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.9	−0.013%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,475	+0.060%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.7	−0.093%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,473.1	−0.067%	$826K	$1.2M	10x	as long as short
Deribit ZEC_USDC-PERPETUALlong	+0.0154%	1h	1,474.1	long leg	$615K	$1.3M	25x
Backpack ZEC_USDC_PERP	+0.0418%	1h	1,475.2	+0.079%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,475.7	+0.110%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0472%	1h	1,476.4	+0.157%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0740%	1h	1,472	−0.142%	$46K	$47K	10x	as long as short