ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.05 per $10,000 · paid last 24h +0.003%

Price spread now: Backpack against RISEx−0.049%7-day average +0.405% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on RISEx Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.142%−$14 on $10k

Price spread, last 7 days−0.701%−$70 · spread now −0.049%, 7d avg +0.405%

Together, before fees−0.843%−$84 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.454% cheaper against RISEx than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.405%). If the spread goes back, that is −$45 on $10k: about 37 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.142%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ZEC/USDC	1,494.2	0.0129	pay 0.0016% / 1h	56m 15s	$935K	$1.2M	10x
Short	Backpack ZEC_USDC_PERP	1,493.5	0.0170	get 0.0021% / 1h	56m 15s	$2.3M	$3.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against RISEx. 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 RISExbpFee BackpackbpOrdersPrice spread, now −0.049%Rate

Funding earned: $8.57
Price spread: −0.049% → +0.405%: −$45.36
Slippage, 4 orders: −$6.01
Fee RISEx: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$58.8
Costs to cover: 0.220%
Break-even: 55.0 days

Slippage from RISEx: live order book, 2 min ago; Backpack: live order book, 3 min ago.

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 RISEx live order book, 2 min ago	1.58 bp	4.6 bp −$5	11.1 bp −$111	doesn't fit	doesn't fit
Sell Backpack live order book, 3 min ago	0.03 bp	7.4 bp −$7	15.3 bp −$153	doesn't fit	doesn't fit

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	−0.3684%	1h	1,491.6	−0.176%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0117%	8h	1,493.5	−0.046%	$30.6M	$74.0M	75x	as long as short
Bulk ZEC-USD	−0.0102%	1h	1,494.5	+0.022%	$903K	$15K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,493.8	−0.029%	$18.1M	$46.3M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,490.4	−0.257%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,493.8	−0.028%	$415K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,493.1	−0.074%	$1.6M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,492.3	−0.129%	$61K	$288K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,493.9	−0.022%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0071%	8h	1,493.7	−0.034%	$300K	$1.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,493.6	−0.039%	$4.7M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,493.9	−0.022%	$157K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,494.3	+0.006%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,494.1	−0.008%	$14.2M	$29.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,494	−0.015%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,494	−0.011%	$695.0M	$2.29B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,493.8	−0.026%	$270.3M	$627.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,493.6	−0.038%	$181.2M	$1.32B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,488.1	−0.409%	$405K	$478K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,494	−0.012%	$54.5M	$178.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,494.2	0.000%	$234.2M	$770.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,493.9	−0.019%	$102.6M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,493.9	−0.020%	$161.0M	$286.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,493.9	−0.020%	—	$115.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,494	−0.015%	$48.9M	$33.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,489.7	−0.300%	$569K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,495.8	+0.107%	$3.1M	$477K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,494.4	+0.010%	$414K	$931K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,490.6	−0.243%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,493.8	−0.027%	$361K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,493.9	−0.018%	$165K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,492.7	−0.100%	$456K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,496.3	+0.143%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,493.8	−0.030%	$254K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,492.6	−0.106%	$2.6M	$19.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,494.2	0.000%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,494.2	+0.003%	$62K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,493.4	−0.053%	$12K	$861K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,493.8	−0.024%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,493.5	−0.045%	$45K	$149K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0105% / S −0.0079%	1h	1,493.6	−0.038%	$374K	—	100x	as long as short
01 Exchange ZECUSD	+0.0128%	1h	1,493.9	−0.020%	$8K	$7K	5x	as long as short
RISEx ZEC/USDClong	+0.0129%	1h	1,494.2	long leg	$935K	$1.2M	10x
Backpack ZEC_USDC_PERPshort	+0.0170%	1h	1,493.5	−0.049%	$2.3M	$3.9M	15x
Deribit ZEC_USDC-PERPETUAL	+0.0207%	1h	1,494.5	+0.021%	$711K	$1.4M	25x	as long as short
Hyperliquid ZEC	+0.0217%	1h	1,495.2	+0.067%	$779.0M	$440.1M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,495.3	+0.076%	$604K	$8.6M	10x	as long as short
Aftermath Perps ZECUSD	+0.0305%	1h	1,493.4	−0.053%	$49K	$63K	10x	as long as short
Lighter ZEC	+0.0336%	1h	1,495.3	+0.071%	$19.6M	$45.3M	20x	as long as short
Lighter RH ZEC	+0.0408%	1h	1,495.4	+0.079%	$2.1M	$7.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,494.9	+0.048%	$3.6M	$9.9M	50x	as long as short