Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0572%/8h= +62.6% APRpaid last 24h +0.145%

Price spread now: Aftermath Perps against Phemex−0.040%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Aftermath Perps is 0.040% cheaper against Phemex than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ZECUSDT	1,456.4	0.0100	pay 0.0100% / 8h	3h 27m	$3.8M	$4.9M	50x
Short	Aftermath Perps ZECUSD	1,455.8	0.0672	get 0.0084% / 1h	27m 38s	$45K	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phemex. 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 PhemexbpFee Aftermath PerpsbpOrdersPrice spread, now −0.040%Rate

Funding earned: $120.14
Price spread: −0.040% → 0.000%: −$3.97
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $95.17
Costs to cover: 0.210%
Break-even: 1.5 days

Slippage unknown: Phemex: live order book, 6 min ago; Aftermath Perps: 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 Phemex live order book, 6 min ago	2.79 bp	22.3 bp −$22	28.2 bp −$282	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3042%	1h	1,457.6	+0.084%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.7	+0.023%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,456.1	−0.021%	$29.4M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,456.3	−0.005%	$410K	$36K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,455.4	−0.069%	$83K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456.1	−0.021%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,455.8	−0.040%	$291K	$944K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0083% / S −0.0034%	1h	1,456.1	−0.024%	$434K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,456.7	+0.022%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,456.8	+0.028%	$14K	$820K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ZEC-USD-PERP	+0.0100%	8h	1,456.8	+0.024%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,456	−0.024%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.6	+0.013%	$14.5M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457	+0.040%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,456.7	+0.022%	$670.2M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,456.2	−0.014%	$261.0M	$599.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,456.4	0.000%	$178.8M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.7	−0.048%	$395K	$434K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,453.9	−0.174%	$878K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,456.5	+0.010%	$51.3M	$171.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,456.7	+0.023%	$218.6M	$769.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.1	+0.049%	$102.8M	$53.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,456.8	+0.027%	$165.7M	$270.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,456.7	+0.021%	—	$105.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457	+0.042%	$47.8M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.1	−0.021%	$567K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.5	+0.007%	$3.0M	$463K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,457.4	+0.068%	$403K	$944K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.5	+0.008%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.2	−0.014%	$353K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,456.1	−0.018%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,454.6	−0.122%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,458.2	+0.126%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,456	−0.031%	$233K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,455.7	−0.048%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDTlong	+0.0100%	8h	1,456.4	long leg	$3.8M	$4.9M	50x
Lighter RH ZEC	+0.0104%	1h	1,457.9	+0.100%	$2.1M	$7.0M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,456.4	−0.002%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,455.7	−0.048%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,455	−0.096%	$4.6M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,457.4	+0.067%	$8K	$7K	5x	as long as short
Kalshi KXZECPERP	+0.0142%	8h	1,456.7	+0.018%	$1.5M	$4.4M	2.2x	as long as short
Hyperliquid ZEC	+0.0147%	1h	1,458.2	+0.124%	$759.1M	$426.0M	10x	as long as short
Lighter ZEC	+0.0152%	1h	1,457.9	+0.100%	$19.2M	$45.0M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0160%	1h	1,456.8	+0.024%	$2.4M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,456.7	+0.020%	$921K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0218%	1h	1,456.4	−0.002%	$613K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,455.8	−0.042%	$18.0M	$45.3M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,458.4	+0.139%	$697K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,459.7	+0.225%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSDshort	+0.0672%	1h	1,455.8	−0.040%	$45K	$49K	10x