Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h −0.025%

Price spread now: Orderly against Nado+0.044%7-day average −0.018% · you sell dearer than you buy

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

Long on Nado Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.083%−$8 on $10k

Price spread, last 3 days (all we have)+0.357%+$36 · spread now +0.044%, 7d avg −0.018%

Together, before fees+0.274%+ Points / potential airdropNado: Active · farm board+$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.063% dearer against Nado than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.018%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZEC-PERP	1,469.2	0.0100	pay 0.0012% / 1h	6m 42s	$2.6M	$6.8M	10x
Short	Orderly PERP_ZEC_USDC	1,469.8	0.0009	get 0.0009% / 8h	1h 06m	$294K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpFee OrderlybpOrdersPrice spread, now +0.044%Rate

Funding earned: −$19.11
Price spread: +0.044% → −0.018%: $6.26
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$25.85
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 2 min ago; Orderly: 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 Nado live order book, 2 min ago	0.03 bp	4.7 bp −$5	11.0 bp −$110	43.6 bp −$4,363	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.3310%	1h	1,469.5	+0.024%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0403%	1h	1,469.8	+0.041%	$17.9M	$44.6M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0256%	1h	1,466.9	−0.155%	$398K	$515K	5x	as long as short
BloFin ZEC-USDT	−0.0118%	8h	1,469.8	+0.039%	$29.3M	$75.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,468.5	−0.049%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0075%	8h	1,471.9	+0.186%	$272.5M	$665.7M	75x	as long as short
Variational Omni ZEC	−0.0034%	8h	1,466.7	−0.169%	$46.6M	$33.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,471.1	+0.128%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,469.6	+0.026%	$889K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,468.7	−0.032%	$83K	$404K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470	+0.053%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDCshort	+0.0009%	8h	1,469.8	+0.044%	$294K	$1.4M	20x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0038% / S +0.0009%	1h	1,469.9	+0.048%	$359K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,472.6	+0.232%	$178.3M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0044%	8h	1,471.2	+0.139%	$50.1M	$187.3M	75x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,469	−0.009%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,468.2	−0.065%	$4.6M	$1.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,469.1	−0.007%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,469.1	−0.008%	$12K	$828K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.6	+0.232%	$61K	$39K	10x	as long as short
Nado ZEC-PERPlong	+0.0100%	1h	1,469.2	long leg	$2.6M	$6.8M	10x
Hyperliquid ZEC	+0.0100%	1h	1,472.8	+0.247%	$764.0M	$478.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,471.9	+0.184%	$15.6M	$32.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472.3	+0.214%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.6	+0.235%	$679.6M	$2.47B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,467.7	−0.097%	$906K	$27K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.4	+0.219%	$224.2M	$872.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.7	+0.237%	$104.0M	$55.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.7	+0.238%	$163.1M	$304.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,471.6	+0.166%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,467.4	−0.117%	$511K	$9.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.9	−0.018%	$3.0M	$482K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.3	+0.005%	$431K	$826K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,469.1	−0.005%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,469.1	−0.005%	$346K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,469.4	+0.013%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.3	−0.057%	$448K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,471	+0.122%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.6	+0.028%	$223K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469.1	−0.004%	$2.5M	$23.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,469.8	+0.040%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,471.7	+0.173%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,469.1	−0.007%	$37K	$366K	20x	as long as short
Lighter ZEC	+0.0120%	1h	1,473.4	+0.287%	$19.1M	$52.8M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0142%	1h	1,470.7	+0.107%	$598K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,473.3	+0.278%	$835K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0192%	1h	1,471	+0.126%	$2.4M	$3.7M	15x	as long as short
Lighter RH ZEC	+0.0408%	1h	1,473.7	+0.309%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,471.2	+0.140%	$3.8M	$11.5M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,473.5	+0.291%	$718K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0591%	1h	1,468.9	−0.019%	$41K	$34K	10x	as long as short