Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.027%

Price spread now: 01 Exchange against HTX−0.252%7-day average — · you buy dearer than you sell

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

Long on HTX 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—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.252% cheaper against HTX than usual: you would sell low and buy high (spread −0.252% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 23 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZEC-USDT	1,457.3	0.0100	pay 0.0100% / 8h	5h 09m	$2.7M	$18.2M	75x
Short	01 Exchange ZECUSD	1,453.6	0.0136	get 0.0017% / 1h	9m 35s	$8K	$7K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against HTX. 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 HTXbpFee 01 ExchangebpOrdersPrice spread, now −0.252%Rate

Funding earned: $7.56
Price spread: −0.252% → 0.000%: −$25.18
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$36.62
Costs to cover: 0.190%
Break-even: 40.9 days

Slippage unknown: HTX: 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 HTX live order book, 4 min ago	3.91 bp	10.1 bp −$10	14.6 bp −$146	38.9 bp −$3,888	123.4 bp −$61.7K
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	−0.3244%	1h	1,441.1	−1.110%	$33K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0084%	8h	1,457.8	+0.034%	$29.4M	$70.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,454.2	−0.214%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,453.8	−0.242%	$409K	$42K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,457.7	+0.028%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456.8	−0.038%	$83K	$241K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456.9	−0.030%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0052%	8h	1,456.8	−0.036%	$292K	$966K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,456.6	−0.048%	$409K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,458.4	+0.075%	$4.6M	$1.4M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,453.7	−0.250%	$172K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,453.4	−0.270%	$13K	$866K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,454	−0.225%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,458	+0.048%	$2.6M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,454.4	−0.199%	$755.7M	$433.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,454	−0.229%	$14.4M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,453.5	−0.259%	$1.6M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,453.2	−0.279%	$666.3M	$2.23B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,453.5	−0.263%	$262.7M	$605.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,453.8	−0.242%	$177.7M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.3	−0.137%	$396K	$432K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	+0.010%	$883K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,453.7	−0.250%	$50.1M	$175.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,453.9	−0.234%	$213.5M	$781.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,453.5	−0.261%	$101.8M	$55.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,453.6	−0.253%	$161.5M	$273.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,453.9	−0.234%	—	$96.9M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,456.4	−0.063%	$47.6M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.7	−0.042%	$567K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.6	−0.048%	$3.0M	$432K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,456.2	−0.077%	$410K	$911K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,457.4	+0.005%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457.5	+0.014%	$369K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457	−0.023%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.8	−0.104%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.7	+0.162%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.3	+0.001%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDTlong	+0.0100%	8h	1,457.3	long leg	$2.7M	$18.2M	75x
Phemex ZECUSDT	+0.0100%	8h	1,457.2	−0.005%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,453.6	−0.252%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456.7	−0.041%	$47K	$153K	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0109%	1h	1,457.3	−0.003%	$2.4M	$3.8M	15x	as long as short
01 Exchange ZECUSDshort	+0.0136%	1h	1,453.6	−0.252%	$8K	$7K	5x
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,457.1	−0.016%	$18.0M	$44.7M	25x	as long as short
Lighter ZEC	+0.0240%	1h	1,454.6	−0.185%	$19.1M	$46.7M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,455.2	−0.141%	$711K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0352%	1h	1,455.6	−0.115%	$2.0M	$6.9M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0405%	1h	1,457.7	+0.031%	$613K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,454	−0.226%	$832K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,458.4	+0.078%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0690%	1h	1,458	+0.048%	$45K	$49K	10x	as long as short