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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC−0.0246%/8hpaid last 24h −0.008%
Price spread now: Variational Omni against edgeX−0.178%7-day average +0.027% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.008%−$1 on $10k
Price spread, last 7 days+0.175%+$17 · spread now −0.178%, 7d avg +0.027%
Together, before fees+0.166%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.205% cheaper against edgeX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.027%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.008% in total (about -1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ZECUSDC1,473.30.0100pay 0.0050% / 4h6m 41s$494K$10.4M20x
ShortVariational Omni ZEC1,470.7−0.0146pay 0.0146% / 8h4h 06m$48.1M$31.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Funding earned
−$51.66
Price spread: −0.178% → +0.027%
−$20.5
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$81.16
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 2 min ago0.37 bp5.0 bp −$510.3 bp −$103doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 2 min ago2.79 bpdoesn't fit6.5 bp −$6520.5 bp −$2,045doesn'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−0.3655%1h1,460.2−0.892%$34K$159K12xas long as short
Kraken Futures PF_ZECUSD−0.0435%1h1,472.2−0.076%$17.9M$46.1M25xas long as short
ApeX Omni ZECUSDT−0.0326%1h1,470−0.224%$958K$431K50xas long as short
Variational Omni ZECshort−0.0146%8h1,470.7−0.178%$48.1M$31.1M
Bybit ZECUSDT−0.0141%8h1,472.4−0.067%$275.6M$719.2M75xas long as short
BloFin ZEC-USDT−0.0086%8h1,472.1−0.082%$30.1M$78.9M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,472.7−0.045%$6K$2K10xas long as short
Ondo Perps ZEC-USD.P−0.0069%1h1,473.3−0.003%$399K$572K5xas long as short
Orderly PERP_ZEC_USDC−0.0014%8h1,472.6−0.050%$284K$1.7M20xas long as short
01 Exchange ZECUSD−0.0008%1h1,473.5+0.007%$9K$10K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZEC-USDT-SWAP−0.0004%8h1,472.7−0.046%$177.1M$1.45B50xas long as short
dYdX ZEC-USD0.0000%1h1,473.8+0.028%$415K$107K5xas long as short
Kalshi KXZECPERP0.0000%8h1,473.2−0.011%$979K$5.7M2.2xas long as short
Perpl ZEC0.0000%43m1,472.6−0.053%$80K$436K10xas long as short
Aster ZECUSDT0.0000%8h1,472.8−0.038%$15.0M$36.1M75xas long as short
Gate ZEC_USDT+0.0005%8h1,472.7−0.041%$51.1M$196.9M75xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,473.2−0.013%$5.2M150xas long as short
Phoenix ZEC+0.0012%1h1,472.4−0.066%$4.7M$1.7M10xas long as short
MEXC ZEC_USDT+0.0033%8h1,472.8−0.035%$226.9M$979.0M150xas long as short
Binance ZECUSDT+0.0035%8h1,472.8−0.037%$674.6M$2.67B75xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0071% / S +0.0044%1h1,472.9−0.028%$577K100xas long as short
Polymarket Perps ZEC-USD+0.0074%1h1,472.2−0.078%$321K$2.5M10xas long as short
Aevo ZEC-PERP+0.0088%1h1,472.4−0.066%$37K$362K20xas long as short
Katana Perps ZEC-USD+0.0091%8h1,473.1−0.017%$12K$889K10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0091%1h1,473.2−0.010%$576K$1.3M25xas long as short
Popdex ZECUSDT+0.0096%1h1,472.7−0.042%$176K$2.1M50xas long as short
Paradex ZEC-USD-PERP+0.0099%8h1,472.8−0.039%$61K$37K10xas long as short
RISEx ZEC/USDC+0.0100%1h1,473.5+0.013%$853K$2.6M10xas long as short
Nado ZEC-PERP+0.0100%1h1,473.2−0.010%$3.1M$7.3M10xas long as short
Hyperliquid ZEC+0.0100%1h1,473.2−0.012%$768.5M$558.9M10xas long as short
Pacifica ZEC+0.0100%1h1,473.2−0.012%$1.6M$3.3M10xas long as short
Arcus ZEC-USD+0.0100%1h1,474.8+0.099%$731K$7.4M10xas long as short
Bulk ZEC-USD+0.0100%1h1,476.1+0.186%$909K$21K10xas long as short
KuCoin ZECUSDTM+0.0100%8h1,472.9−0.029%$103.6M$62.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,472.9−0.034%$170.6M$331.9M75xas long as short
BingX ZEC-USDC+0.0100%8h1,472.5−0.058%$6.8Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,473.3−0.006%$2.4M$3.8M15xas long as short
edgeX ZECUSDClong+0.0100%4h1,473.3long leg$494K$10.4M20x
GRVT ZEC_USDT_Perp+0.0100%8h1,472.2−0.080%$3.0M$510K10xas long as short
StandX ZEC-USD+0.0100%1h1,473.9+0.040%$110K$4.8M30xas long as short
Bullet ZEC-USD+0.0100%1h1,472.7−0.041%$128K$162K20xas long as short
Derive ZEC-PERP+0.0100%1h1,470.9−0.164%$447K$493K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,476.5+0.211%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,472.2−0.078%$224K$5.2M10xas long as short
HTX ZEC-USDT+0.0100%8h1,473−0.022%$2.4M$28.6M75xas long as short
Phemex ZECUSDT+0.0100%8h1,472.7−0.047%$3.8M$6.0M50xas long as short
Extended ZEC-USD+0.0104%1h1,472.9−0.032%$3.2M$4.6M10xas long as short
Lighter ZEC+0.0112%1h1,474.2+0.058%$19.5M$59.4M20xas long as short
Lighter RH ZEC+0.0224%1h1,474.5+0.076%$1.8M$7.7M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0384%1h1,475+0.111%$3.8M$12.5M50xas long as short
Aftermath Perps ZECUSD+0.0512%1h1,473.6+0.017%$39K$33K10xas long as short