Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.003%

Price spread now: 01 Exchange against OKX+0.050%7-day average — · you sell dearer than you buy

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

Long on OKX 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

The price spread pays, funding is against you. 01 Exchange is 0.050% dearer against OKX than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZEC-USDT-SWAP	1,511	0.0100	pay 0.0100% / 8h	7h 41m	$185.1M	$1.38B	50x
Short	01 Exchange ZECUSD	1,511.8	0.0032	get 0.0004% / 1h	41m 35s	$8K	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Position, each leg$Hold fordaysFee OKXbpFee 01 ExchangebpOrdersPrice spread, now +0.050%Rate

Funding earned: −$14.28
Price spread: +0.050% → 0.000%: $4.96
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$26.32
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	0.03 bp	5.5 bp −$6	8.7 bp −$87	19.5 bp −$1,953	doesn't fit
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	−0.3702%	1h	1,500.6	−0.690%	$37K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,513	+0.132%	$62K	$305K	10x	as long as short
BloFin ZEC-USDT	−0.0157%	8h	1,514.5	+0.231%	$31.7M	$77.1M	75x	as long as short
Aftermath Perps ZECUSD	−0.0140%	1h	1,514.1	+0.206%	$48K	$58K	10x	as long as short
Bulk ZEC-USD	−0.0101%	1h	1,517.9	+0.454%	$781K	$147K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,512.2	+0.074%	$6K	$1K	10x	as long as short
ApeX Omni ZECUSDT	−0.0022%	1h	1,512.6	+0.105%	$415K	$952K	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,512	+0.062%	$420K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,514.2	+0.209%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,512.5	+0.099%	$5.4M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,512.9	+0.123%	$18.4M	$47.8M	25x	as long as short
01 Exchange ZECUSDshort	+0.0032%	1h	1,511.8	+0.050%	$8K	$6K	5x
Gate ZEC_USDT	+0.0061%	8h	1,511.2	+0.007%	$60.3M	$184.1M	75x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0072%	1h	1,513.2	+0.143%	$693K	$1.4M	25x	as long as short
Phoenix ZEC	+0.0082%	1h	1,512.4	+0.092%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,512.3	+0.080%	$305K	$861K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,512.3	+0.082%	$19.6M	$44.7M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,512.3	+0.085%	$2.1M	$7.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,511.5	+0.032%	$172K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,511.4	+0.021%	$62K	$19K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,511.3	+0.020%	$16K	$898K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,513.6	+0.172%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,512.2	+0.079%	$791.7M	$449.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,511.2	+0.012%	$14.2M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,512.1	+0.071%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,511.8	+0.048%	$714.7M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,511.1	+0.007%	$271.8M	$624.9M	75x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0100%	8h	1,511	long leg	$185.1M	$1.38B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,511.6	+0.037%	$412K	$546K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,512.2	+0.075%	$605K	$9.0M	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,512	+0.064%	$407.2M	$830.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,511.4	+0.026%	$103.3M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,511.4	+0.022%	$163.8M	$295.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,511.7	+0.040%	—	$120.4M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,515.2	+0.272%	$50.2M	$36.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,512.9	+0.120%	$558K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,512.3	+0.085%	$3.1M	$530K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,514.1	+0.203%	$51K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,513.6	+0.169%	$376K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,512.7	+0.111%	$169K	$194K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,511.3	+0.017%	$451K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,516.6	+0.368%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,512.6	+0.105%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,512.8	+0.117%	$2.7M	$21.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,512.9	+0.122%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,511.2	+0.008%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,512.5	+0.098%	$45K	$153K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0156% / S −0.0159%	1h	1,512.2	+0.075%	$336K	—	100x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,511.2	+0.010%	$962K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,513.5	+0.163%	$3.8M	$10.0M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0508%	1h	1,512.7	+0.107%	$2.4M	$3.7M	15x	as long as short