Funding arb · Price arb /

ZEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.008%

Price spread now: SunX against Extended+0.326%7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1281.280% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 4 days (all we have)−0.286%−$29 · spread now +0.326%, 7d avg +0.113%

Together, before fees−0.185%+ Points / potential airdropExtended: Active · farm board−$19 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 0.213% dearer against Extended than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZEC-USD	1,474.4	0.0104	pay 0.0013% / 1h	28m 48s	$2.8M	$7.8M	10x
Short	SunX ZEC-USDT	1,479.2	0.0100	get 0.0100% / 8h	2h 28m	$3K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.326%Rate

Funding earned: −$0.84
Price spread: +0.326% → +0.113%: $21.29
Slippage, 4 orders: −$114.98
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$107.53
Costs to cover: 1.280%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; SunX: live order book, 4 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 Extended live order book, 5 min ago	1.25 bp	4.0 bp −$4	9.4 bp −$94	68.8 bp −$6,875	doesn't fit
Sell SunX live order book, 4 min ago	29.02 bp	68.7 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	−0.3243%	1h	1,473.3	−0.074%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0088%	8h	1,476.8	+0.163%	$30.0M	$71.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.9	−0.102%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,476	+0.112%	$410K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,476.4	+0.138%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,475.8	+0.100%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,476.9	+0.171%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,477	+0.181%	$295K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,477.1	+0.184%	$8K	$7K	5x	as long as short
Bybit ZECUSDT	+0.0090%	8h	1,473	−0.096%	$261.7M	$589.2M	75x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,473.3	−0.071%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,477.1	+0.183%	$173K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0098% / S −0.0052%	1h	1,476.7	+0.158%	$440K	—	100x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,476.3	+0.133%	$13K	$812K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,476.1	+0.118%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,476.7	+0.161%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,474.5	+0.009%	$767.3M	$420.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,474	−0.025%	$14.4M	$28.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,476	+0.114%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,473.5	−0.058%	$680.7M	$2.17B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,473	−0.096%	$179.1M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,475.6	+0.083%	$399K	$433K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.4	−0.133%	$889K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,474.5	+0.011%	$53.3M	$171.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,474.6	+0.013%	$225.6M	$763.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476.2	+0.123%	$103.8M	$52.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,473.4	−0.066%	$166.6M	$268.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,474.6	+0.015%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,471.5	−0.197%	$48.3M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,469	−0.364%	$555K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474	−0.023%	$3.0M	$455K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,470.8	−0.243%	$407K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.8	−0.110%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,476.9	+0.171%	$363K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,477.5	+0.213%	$163K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,475.6	+0.086%	$450K	$506K	6.7x	as long as short
SunX ZEC-USDTshort	+0.0100%	8h	1,479.2	+0.326%	$3K	$1.1M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,476.8	+0.167%	$236K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,475.9	+0.100%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,477	+0.178%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USDlong	+0.0104%	1h	1,474.4	long leg	$2.8M	$7.8M	10x
Aevo ZEC-PERP	+0.0104%	1h	1,476.9	+0.175%	$46K	$152K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0126%	1h	1,477.5	+0.214%	$622K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0144%	1h	1,477.9	+0.237%	$2.1M	$7.1M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0146%	1h	1,476.6	+0.153%	$18.1M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,477	+0.175%	$932K	$1.1M	10x	as long as short
Lighter ZEC	+0.0192%	1h	1,478	+0.243%	$19.5M	$44.0M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0393%	1h	1,477.9	+0.239%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,479.4	+0.344%	$3.7M	$9.3M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,477.3	+0.196%	$661K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0719%	1h	1,471.7	−0.184%	$45K	$49K	10x	as long as short