Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.015%

Price spread now: Deribit against edgeX+0.205%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 3 days (all we have)+0.572%+$57 · spread now +0.205%, 7d avg +0.121%

Together, before fees+0.410%+ Points / potential airdropedgeX: Active · farm board+$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.085% dearer against edgeX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.121%. Mind the row above: over the last 7 days funding on this pair cost −0.163%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ZECUSDC	1,468.4	0.0100	pay 0.0050% / 4h	3h 31m	$571K	$9.2M	20x
Short	Deribit ZEC_USDC-PERPETUAL	1,471.4	0.0140	get 0.0018% / 1h	31m 41s	$605K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against edgeX. 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 edgeXbpFee DeribitbpOrdersPrice spread, now +0.205%Rate

Funding earned: $8.44
Price spread: +0.205% → +0.121%: $8.47
Slippage, 4 orders: −$10.88
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$9.97
Costs to cover: 0.269%
Break-even: 15.3 days

Slippage from edgeX: live order book, 2 min ago; Deribit: live order book, 2 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 edgeX live order book, 2 min ago	0.58 bp	5.1 bp −$5	8.6 bp −$86	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	3.78 bp	7.3 bp −$7	13.6 bp −$136	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	1,470.2	+0.121%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0343%	1h	1,470.8	+0.164%	$17.9M	$43.0M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0130%	1h	1,468.5	+0.006%	$399K	$519K	5x	as long as short
BloFin ZEC-USDT	−0.0102%	8h	1,470.4	+0.135%	$29.8M	$73.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,469.9	+0.099%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0062%	8h	1,469.3	+0.058%	$273.9M	$634.7M	75x	as long as short
Variational Omni ZEC	−0.0056%	8h	1,468.2	−0.016%	$47.6M	$34.2M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,469.9	+0.101%	$414K	$103K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.7	+0.292%	$959K	$5.2M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,469.9	+0.101%	$83K	$405K	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	1,470.8	+0.161%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,470.6	+0.151%	$294K	$1.3M	20x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,470.2	+0.123%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0048%	8h	1,469.6	+0.079%	$181.7M	$1.30B	50x	as long as short
Phoenix ZEC	+0.0054%	1h	1,470.8	+0.162%	$4.7M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,470.7	+0.157%	$378K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,469.6	+0.081%	$176K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,469.5	+0.074%	$14K	$832K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,469.6	+0.081%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470	+0.105%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,471.3	+0.196%	$763.0M	$454.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,470.1	+0.118%	$14.9M	$31.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,470.1	+0.117%	$1.7M	$2.8M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,469.7	+0.085%	$683.8M	$2.38B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,471.3	+0.196%	$698K	$8.5M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,471	+0.175%	$895K	$25K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,469.6	+0.079%	$51.2M	$179.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,469.6	+0.081%	$231.2M	$825.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,469.5	+0.073%	$104.9M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,469.6	+0.080%	$163.5M	$293.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,468.9	+0.033%	—	$6.7M	—	as long as short
edgeX ZECUSDClong	+0.0100%	4h	1,468.4	long leg	$571K	$9.2M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.3	−0.007%	$3.0M	$466K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.9	+0.100%	$430K	$866K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470	+0.106%	$110K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,470.2	+0.121%	$333K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,470.5	+0.144%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.9	+0.035%	$458K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472	+0.245%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,470.6	+0.146%	$242K	$4.0M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469	+0.040%	$2.5M	$21.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,471	+0.176%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,469.6	+0.084%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,470.4	+0.133%	$56K	$167K	20x	as long as short
Deribit ZEC_USDC-PERPETUALshort	+0.0140%	1h	1,471.4	+0.205%	$605K	$1.3M	25x
Lighter ZEC	+0.0192%	1h	1,471.9	+0.236%	$19.2M	$50.4M	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,470.6	+0.147%	$850K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,471.3	+0.194%	$3.8M	$10.1M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0523%	1h	1,471.1	+0.183%	$2.5M	$3.8M	15x	as long as short
Aftermath Perps ZECUSD	+0.0778%	1h	1,471.3	+0.195%	$44K	$47K	10x	as long as short
Lighter RH ZEC	+0.0800%	1h	1,472.8	+0.298%	$2.0M	$8.1M	10x	as long as short