Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.021%

Price spread now: 01 Exchange against edgeX−0.021%57s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. 01 Exchange is 0.021% cheaper against edgeX than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 3.5 days of funding at the current rate (+$1 a day). The two prices were read 57 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	edgeX ZECUSDC	1,488.1	0.0100	pay 0.0050% / 4h	1h 50m	$569K	$8.9M	20x
Short	01 Exchange ZECUSD	1,487.8	0.0120	get 0.0015% / 1h	50m 32s	$8K	$7K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.021%Rate

Funding earned: $4.2
Price spread: −0.021% → 0.000%: −$2.12
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$13.92
Costs to cover: 0.160%
Break-even: 30.2 days

Slippage unknown: edgeX: live order book, 4 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 4 min ago	0.37 bp	5.0 bp −$5	9.7 bp −$97	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3684%	1h	1,491.6	+0.231%	$34K	$273K	12x	as long as short
ApeX Omni ZECUSDT	−0.0140%	1h	1,485.7	−0.162%	$411K	$932K	50x	as long as short
BloFin ZEC-USDT	−0.0117%	8h	1,483	−0.343%	$30.6M	$73.6M	75x	as long as short
Bulk ZEC-USD	−0.0097%	1h	1,490.7	+0.169%	$901K	$15K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,483.1	−0.337%	$18.0M	$46.4M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,485.8	−0.155%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,486.3	−0.121%	$413K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,483.6	−0.308%	$1.6M	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,486.4	−0.120%	$61K	$294K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,486.9	−0.083%	$5.3M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0072%	8h	1,483	−0.345%	$298K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,487.9	−0.014%	$157K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,482.7	−0.364%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,487.3	−0.053%	$14.2M	$30.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,487.4	−0.050%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,487.9	−0.016%	$693.0M	$2.29B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,487.5	−0.044%	$270.5M	$627.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,487.3	−0.055%	$180.3M	$1.32B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,487	−0.076%	$405K	$507K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,487.8	−0.026%	$54.1M	$179.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,487.6	−0.039%	$234.3M	$774.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,487.9	−0.018%	$102.1M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,487.4	−0.049%	$160.5M	$287.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,486.2	−0.131%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,484.7	−0.234%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,483	−0.346%	$48.4M	$33.7M	—	as long as short
edgeX ZECUSDClong	+0.0100%	4h	1,488.1	long leg	$569K	$8.9M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,485.4	−0.185%	$3.1M	$477K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,483.3	−0.326%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,487	−0.076%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,487.3	−0.057%	$164K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,482.2	−0.396%	$453K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,485.3	−0.191%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,483.3	−0.328%	$253K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,482.8	−0.362%	$2.6M	$19.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,483.7	−0.296%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,487.6	−0.039%	$61K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,488	−0.012%	$11K	$862K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,487.5	−0.042%	$2.7M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,483.3	−0.323%	$45K	$149K	20x	as long as short
Hyperliquid ZEC	+0.0107%	1h	1,488.9	+0.051%	$773.2M	$439.8M	10x	as long as short
01 Exchange ZECUSDshort	+0.0120%	1h	1,487.8	−0.021%	$8K	$7K	5x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0121% / S −0.0105%	1h	1,486.6	−0.107%	$431K	—	100x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,487.7	−0.027%	$930K	$1.2M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,490.8	+0.181%	$4.7M	$1.4M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,489.5	+0.091%	$626K	$8.6M	10x	as long as short
Aftermath Perps ZECUSD	+0.0234%	1h	1,488.8	+0.043%	$48K	$63K	10x	as long as short
Lighter ZEC	+0.0264%	1h	1,488.9	+0.052%	$19.4M	$45.5M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0276%	1h	1,484.1	−0.271%	$706K	$1.4M	25x	as long as short
Lighter RH ZEC	+0.0296%	1h	1,488	−0.009%	$2.1M	$7.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,484.8	−0.224%	$3.6M	$9.9M	50x	as long as short