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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.076%
Price spread now: Bitget against Hyperliquid−0.054%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$250.246% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.451%−$45 on $10k
Price spread, last 7 days+0.020%+$2 · spread now −0.054%, 7d avg −0.032%
Together, before fees−0.431%+ Points / potential airdropHyperliquid: Season 2 · farm board−$43 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: Bitget is 0.022% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ZEC1,454.40.0100pay 0.0013% / 1h44m 26s$752.1M$495.1M10x
ShortBitget ZECUSDT1,453.60.0100get 0.0100% / 8h2h 44m$161.9M$314.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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
$0
Price spread: −0.054% → −0.032%
−$2.2
Slippage, 4 orders
−$3.59
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$26.79
Costs to cover
0.246%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 10 min ago0.34 bp4.8 bp −$56.2 bp −$62doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago0.03 bp7.1 bp −$710.4 bp −$104doesn't fitdoesn'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−0.3476%1h1,437.8−1.141%$33K$275K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,452.6−0.122%$6K$2K10xas long as short
Kraken Futures PF_ZECUSD−0.0072%1h1,451.8−0.177%$17.6M$44.3M25xas long as short
BloFin ZEC-USDT−0.0066%8h1,451.8−0.177%$28.9M$74.9M75xas long as short
Variational Omni ZEC−0.0019%8h1,451.4−0.207%$45.7M$32.0Mas long as short
Bybit ZECUSDT−0.0008%8h1,452.9−0.101%$269.0M$674.7M75xas long as short
dYdX ZEC-USD0.0000%1h1,451.8−0.178%$409K$106K5xas long as short
Kalshi KXZECPERP0.0000%8h1,451.9−0.170%$845K$5.5M2.2xas long as short
Perpl ZEC0.0000%43m1,452.8−0.113%$82K$401K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,453.6−0.052%$5.1M150xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZEC_USDC+0.0010%8h1,452.6−0.125%$291K$1.5M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0025%1h1,453.2−0.082%$566K$1.3M25xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0036% / S +0.0067%1h1,453.4−0.068%$544K100xas long as short
OKX ZEC-USDT-SWAP+0.0044%8h1,453.9−0.033%$171.8M$1.36B50xas long as short
Aster ZECUSDT+0.0062%8h1,453.6−0.056%$15.3M$35.1M75xas long as short
01 Exchange ZECUSD+0.0064%1h1,453.7−0.047%$8K$8K5xas long as short
Gate ZEC_USDT+0.0066%8h1,453.1−0.087%$49.2M$185.7M75xas long as short
Ondo Perps ZEC-USD.P+0.0074%1h1,449.7−0.323%$394K$517K5xas long as short
Katana Perps ZEC-USD+0.0095%8h1,454−0.025%$17K$878K10xas long as short
Lighter ZEC+0.0096%1h1,453.6−0.052%$18.7M$53.9M20xas long as short
Popdex ZECUSDT+0.0096%1h1,453.6−0.056%$177K$2.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,453.6−0.052%$60K$37K10xas long as short
Nado ZEC-PERP+0.0100%1h1,453.4−0.069%$3.0M$6.8M10xas long as short
Hyperliquid ZEClong+0.0100%1h1,454.4long leg$752.1M$495.1M10x
Pacifica ZEC+0.0100%1h1,453.1−0.087%$1.6M$3.1M10xas long as short
Binance ZECUSDT+0.0100%8h1,453.4−0.069%$659.0M$2.53B75xas long as short
Bulk ZEC-USD+0.0100%1h1,455+0.038%$896K$37K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,453.9−0.034%$219.2M$883.8M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,453.6−0.054%$103.7M$56.9M75xas long as short
Bitget ZECUSDTshort+0.0100%8h1,453.6−0.054%$161.9M$314.0M75x
BingX ZEC-USDC+0.0100%8h1,452.5−0.128%$6.8Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,452.4−0.138%$2.3M$4.1M15xas long as short
edgeX ZECUSDC+0.0100%4h1,453.5−0.059%$487K$9.8M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,452.3−0.145%$3.0M$501K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,452.2−0.149%$706K$606K50xas long as short
StandX ZEC-USD+0.0100%1h1,452.4−0.138%$109K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,453.2−0.083%$298K$2.0M10xas long as short
Bullet ZEC-USD+0.0100%1h1,453.3−0.073%$127K$161K20xas long as short
Derive ZEC-PERP+0.0100%1h1,451.3−0.215%$441K$493K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,454.4−0.003%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,452.1−0.162%$219K$4.7M10xas long as short
HTX ZEC-USDT+0.0100%8h1,452.5−0.131%$2.4M$24.9M75xas long as short
Phemex ZECUSDT+0.0100%8h1,451.6−0.192%$3.7M$5.4M50xas long as short
Phoenix ZEC+0.0103%1h1,452.8−0.107%$4.6M$1.6M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,452.7−0.117%$36K$362K20xas long as short
Extended ZEC-USD+0.0192%1h1,453.6−0.058%$3.3M$7.0M10xas long as short
RISEx ZEC/USDC+0.0219%1h1,454.1−0.020%$863K$2.5M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0440%1h1,454.1−0.020%$3.7M$11.5M50xas long as short
Aftermath Perps ZECUSD+0.0449%1h1,453.7−0.047%$39K$32K10xas long as short
Arcus ZEC-USD+0.0518%1h1,455.3+0.064%$755K$7.8M10xas long as short
Lighter RH ZEC+0.0736%1h1,455.2+0.053%$1.9M$8.4M10xas long as short