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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h −0.001%
Price spread now: SoDEX against OKX−0.101%46s7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$210.208% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.016%+$2 on $10k
Price spread, last 3 days (all we have)+0.363%+$36 · spread now −0.101%, 7d avg +0.015%
Together, before fees+0.379%+$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. SoDEX is 0.117% cheaper against OKX than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of +0.015%). If the spread goes back, that is −$12 on $10k: about 6.1 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.016% in total) that is about 23 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZEC-USDT-SWAP1,470.50.0036pay 0.0036% / 8h44m 38s$180.5M$1.34B50x
ShortSoDEX ZEC-USD1,4690.0100get 0.0013% / 1h44m 38s$238K$4.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against OKX. 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
$13.35
Price spread: −0.101% → +0.015%
−$11.66
Slippage, 4 orders
−$2.84
Fee OKX: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$19.14
Costs to cover
0.208%
Break-even
17.0 days
Slippage from OKX: live order book, 5 min ago; SoDEX: live order book, 4 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 OKX live order book, 5 min ago0.03 bp5.1 bp −$58.2 bp −$8216.9 bp −$1,690doesn't fit
Sell SoDEX live order book, 4 min ago0.03 bp5.4 bp −$516.0 bp −$160doesn'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−0.3089%1h1,471.5+0.067%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0225%1h1,469.3−0.078%$17.9M$44.3M25xas long as short
Ondo Perps ZEC-USD.P−0.0191%1h1,468.5−0.136%$398K$515K5xas long as short
ApeX Omni ZECUSDT−0.0144%1h1,467.5−0.203%$430K$830K50xas long as short
BloFin ZEC-USDT−0.0105%8h1,469.3−0.084%$29.6M$75.3M75xas long as short
Bybit ZECUSDT−0.0094%8h1,470−0.036%$274.5M$657.4M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,470.7+0.011%$6K$2K10xas long as short
Variational Omni ZEC−0.0043%8h1,468.6−0.129%$46.8M$33.7Mas long as short
dYdX ZEC-USD0.0000%1h1,470.1−0.027%$414K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,470.3−0.012%$902K$5.6M2.2xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ZEC0.0000%43m1,469.7−0.052%$83K$404K10xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,470.2−0.022%$613K$1.3M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,469.7−0.053%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0010%8h1,469.3−0.080%$294K$1.4M20xas long as short
Phoenix ZEC+0.0024%1h1,470.7+0.011%$4.6M$1.6M10xas long as short
01 Exchange ZECUSD+0.0032%1h1,470.9+0.028%$8K$8K5xas long as short
OKX ZEC-USDT-SWAPlong+0.0036%8h1,470.5long leg$180.5M$1.34B50x
Gate ZEC_USDT+0.0044%8h1,471.1+0.041%$51.1M$184.7M75xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0054% / S −0.0011%1h1,469.6−0.058%$365K100xas long as short
Lighter ZEC+0.0096%1h1,471+0.033%$19.1M$52.1M20xas long as short
Popdex ZECUSDT+0.0096%1h1,470.7+0.014%$177K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0097%8h1,470.5−0.001%$13K$836K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,471.4+0.058%$60K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,470.4−0.007%$2.6M$6.8M10xas long as short
Hyperliquid ZEC+0.0100%1h1,470.2−0.020%$762.2M$475.0M10xas long as short
Aster ZECUSDT+0.0100%8h1,470.5+0.003%$15.1M$32.6M75xas long as short
Pacifica ZEC+0.0100%1h1,471+0.037%$1.7M$2.9M10xas long as short
Binance ZECUSDT+0.0100%8h1,470.7+0.016%$681.4M$2.46B75xas long as short
Arcus ZEC-USD+0.0100%1h1,472.2+0.117%$724K$8.3M10xas long as short
Bulk ZEC-USD+0.0100%1h1,472+0.102%$908K$26K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,471+0.034%$224.3M$833.2M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,469.9−0.040%$103.8M$55.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,471.2+0.044%$162.9M$302.5M75xas long as short
BingX ZEC-USDT+0.0100%8h1,471+0.036%$102.6Mas long as short
edgeX ZECUSDC+0.0100%4h1,473+0.168%$513K$9.3M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,473.8+0.224%$3.0M$466K10xas long as short
StandX ZEC-USD+0.0100%1h1,471.1+0.043%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,469.5−0.068%$345K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,469.3−0.081%$127K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,467.8−0.185%$447K$498K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,472+0.101%$3K$1.2M20xas long as short
SoDEX ZEC-USDshort+0.0100%1h1,469−0.101%$238K$4.4M10x
HTX ZEC-USDT+0.0100%8h1,468.9−0.111%$2.5M$23.1M75xas long as short
Phemex ZECUSDT+0.0100%8h1,469.8−0.048%$3.8M$5.3M50xas long as short
Extended ZEC-USD+0.0104%1h1,471.4+0.060%$3.3M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,469.3−0.082%$37K$366K20xas long as short
RISEx ZEC/USDC+0.0132%1h1,471.4+0.060%$825K$1.2M10xas long as short
Backpack ZEC_USDC_PERP+0.0426%1h1,469.7−0.054%$2.4M$3.7M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0432%1h1,472.6+0.141%$3.8M$10.7M50xas long as short
Lighter RH ZEC+0.0528%1h1,471.3+0.052%$2.0M$8.2M10xas long as short
Aftermath Perps ZECUSD+0.0663%1h1,471.8+0.092%$46K$47K10xas long as short