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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: Bybit against Ondo Perps−0.048%7-day average +0.045% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.071%−$7 on $10k
Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.048%, 7d avg +0.045%
Together, before fees+0.036%+ Points / potential airdropOndo Perps: Active · farm board+$4 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: Bybit is 0.093% cheaper against Ondo Perps than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ZEC-USD.P1,494.10.0100pay 0.0013% / 1h5m 25s$408K$554K5x
ShortBybit ZECUSDT1,493.40.0100get 0.0100% / 8h1h 05m$267.5M$630.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Ondo Perps. 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: −0.048% → +0.045%
−$9.26
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$25.26
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell Bybit live order book, 4 min ago0.03 bp7.1 bp −$79.8 bp −$9816.1 bp −$1,608doesn't fit
Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3684%1h1,479.6−0.971%$36K$275K12xas long as short
Perpl ZEC−0.0447%43m1,493.8−0.023%$61K$304K10xas long as short
BloFin ZEC-USDT−0.0149%8h1,495.9+0.122%$30.8M$75.2M75xas long as short
Kraken Futures PF_ZECUSD−0.0096%1h1,496+0.130%$18.1M$46.5M25xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,496+0.124%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,495.5+0.094%$416K$35K5xas long as short
Kalshi KXZECPERP0.0000%8h1,496.9+0.185%$1.5M$4.7M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,494−0.009%$5.3M150xas long as short
Aftermath Perps ZECUSD+0.0014%1h1,495.5+0.094%$48K$64K10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0056%1h1,496.9+0.185%$684K$1.4M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZEC_USDC+0.0080%8h1,493.8−0.017%$301K$1.1M20xas long as short
Popdex ZECUSDT+0.0096%1h1,495.2+0.076%$171K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0097%8h1,495.1+0.064%$12K$876K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,495.3+0.081%$62K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,495.8+0.111%$3.1M$7.6M10xas long as short
Aster ZECUSDT+0.0100%8h1,493.3−0.054%$13.9M$30.9M75xas long as short
Pacifica ZEC+0.0100%1h1,495.8+0.117%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,494.1−0.003%$696.0M$2.31B75xas long as short
Bybit ZECUSDTshort+0.0100%8h1,493.4−0.048%$267.5M$630.7M75x
OKX ZEC-USDT-SWAP+0.0100%8h1,493.9−0.011%$182.6M$1.34B50xas long as short
Ondo Perps ZEC-USD.Plong+0.0100%1h1,494.1long leg$408K$554K5x
Bulk ZEC-USD+0.0100%1h1,494.2+0.009%$903K$7K10xas long as short
Gate ZEC_USDT+0.0100%8h1,494.1−0.003%$55.2M$187.3M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,493.9−0.011%$242.7M$799.5M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,494.9+0.054%$103.1M$57.4M75xas long as short
Bitget ZECUSDT+0.0100%8h1,495.2+0.074%$160.8M$289.6M75xas long as short
BingX ZEC-USDT+0.0100%8h1,494−0.007%$117.5Mas long as short
Variational Omni ZEC+0.0100%8h1,495.2+0.071%$48.9M$34.8Mas long as short
edgeX ZECUSDC+0.0100%4h1,495.1+0.069%$573K$9.0M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,494.7+0.042%$3.1M$510K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,496.3+0.149%$412K$942K50xas long as short
StandX ZEC-USD+0.0100%1h1,496.1+0.133%$56K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,495.2+0.074%$358K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,493.9−0.011%$164K$184K20xas long as short
Derive ZEC-PERP+0.0100%1h1,495.2+0.072%$456K$500K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,498.4+0.286%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,495.9+0.123%$255K$3.6M10xas long as short
HTX ZEC-USDT+0.0100%8h1,497+0.194%$2.7M$20.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,496.2+0.140%$4.0M$5.0M50xas long as short
Extended ZEC-USD+0.0104%1h1,495.9+0.119%$2.8M$7.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,493.8−0.018%$43K$151K20xas long as short
Hyperliquid ZEC+0.0105%1h1,495.6+0.100%$780.4M$446.2M10xas long as short
01 Exchange ZECUSD+0.0120%1h1,495.5+0.094%$8K$7K5xas long as short
RISEx ZEC/USDC+0.0129%1h1,495.4+0.084%$939K$1.1M10xas long as short
Phoenix ZEC+0.0134%1h1,496.6+0.167%$4.8M$1.4M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0137% / S −0.0133%1h1,493.7−0.029%$396K100xas long as short
Lighter RH ZEC+0.0200%1h1,496.7+0.173%$2.1M$7.5M10xas long as short
Arcus ZEC-USD+0.0221%1h1,496.3+0.149%$610K$8.7M10xas long as short
Backpack ZEC_USDC_PERP+0.0256%1h1,496.3+0.149%$2.3M$3.9M15xas long as short
Lighter ZEC+0.0264%1h1,496.9+0.184%$19.7M$47.1M20xas long as short
Coinbase International ZEC-PERP-INTX+0.0480%1h1,498.4+0.290%$3.7M$10.1M50xas long as short