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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0481%/8h= −52.7% APRpaid last 24h −0.073%
Price spread now: BloFin against RISEx−0.099%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$220.220% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.397%−$40 on $10k
Price spread, last 4 days (all we have)+0.480%+$48 · spread now −0.099%, 7d avg −0.031%
Together, before fees+0.083%+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and BloFin is 0.068% cheaper against RISEx than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ZEC/USDC1,461.90.0412pay 0.0052% / 1h14m 08s$925K$1.1M10x
ShortBloFin ZEC-USDT1,460.4−0.0069pay 0.0069% / 8h4h 14m$29.5M$71.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
−$101.07
Price spread: −0.099% → −0.031%
−$6.77
Slippage, 4 orders
−$3.98
Fee RISEx: 3 bp × 2 orders
−$6
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$129.82
Costs to cover
0.220%
Break-even
never at this rate
Slippage from RISEx: live order book, 5 min ago; BloFin: live order book, 5 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 RISEx live order book, 5 min ago1.75 bp4.7 bp −$510.3 bp −$103doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago0.17 bp6.2 bp −$66.4 bp −$6412.0 bp −$1,202doesn'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−0.3166%1h1,445.2−1.137%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,460.7−0.082%$6K$1K10xas long as short
BloFin ZEC-USDTshort−0.0069%8h1,460.4−0.099%$29.5M$71.0M75x
dYdX ZEC-USD0.0000%1h1,459.7−0.145%$411K$38K5xas long as short
Perpl ZEC0.0000%43m1,461.5−0.022%$84K$240K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,462+0.008%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0063%8h1,462+0.008%$292K$952K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0070% / S −0.0020%1h1,461.8−0.006%$410K100xas long as short
01 Exchange ZECUSD+0.0072%1h1,462.1+0.018%$8K$7K5xas long as short
Popdex ZECUSDT+0.0096%1h1,462.2+0.021%$174K$1.7M50xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps ZEC-USD+0.0100%8h1,462+0.013%$11K$857K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,461.3−0.037%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,462.6+0.051%$2.8M$6.7M10xas long as short
Hyperliquid ZEC+0.0100%1h1,462.9+0.071%$760.7M$432.1M10xas long as short
Aster ZECUSDT+0.0100%8h1,461.8−0.004%$14.8M$28.0M75xas long as short
Pacifica ZEC+0.0100%1h1,461.4−0.034%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,461.8−0.006%$671.9M$2.21B75xas long as short
Bybit ZECUSDT+0.0100%8h1,461.1−0.054%$262.3M$602.4M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,461.6−0.018%$178.6M$1.23B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,458.4−0.236%$396K$442K5xas long as short
Gate ZEC_USDT+0.0100%8h1,461.4−0.029%$50.7M$175.0M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,461.8−0.002%$216.5M$774.3M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,462+0.009%$103.1M$54.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,461.8−0.002%$166.3M$271.1M75xas long as short
BingX ZEC-USDC+0.0100%8h1,461−0.057%$6.7Mas long as short
Variational Omni ZEC+0.0100%8h1,459.3−0.175%$47.9M$32.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,459.6−0.152%$568K$8.6M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,460.7−0.082%$3.0M$437K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,460.8−0.074%$405K$940K50xas long as short
StandX ZEC-USD+0.0100%1h1,460.6−0.086%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,462+0.010%$355K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,461.6−0.019%$161K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,461.1−0.054%$446K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,463.2+0.092%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,461.9+0.004%$234K$3.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,461−0.059%$2.7M$18.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,461.5−0.023%$3.8M$5.1M50xas long as short
Bulk ZEC-USD+0.0100%1h1,460.6−0.084%$882K$18K10xas long as short
Kalshi KXZECPERP+0.0100%8h1,461.8−0.004%$1.5M$4.5M2.2xas long as short
Extended ZEC-USD+0.0104%1h1,462.1+0.015%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,461.8−0.001%$47K$151K20xas long as short
Phoenix ZEC+0.0123%1h1,460.1−0.121%$4.6M$1.3M10xas long as short
Backpack ZEC_USDC_PERP+0.0142%1h1,462.5+0.045%$2.4M$3.8M15xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0187%1h1,462.8+0.063%$617K$1.3M25xas long as short
Lighter ZEC+0.0248%1h1,463.1+0.085%$19.3M$46.0M20xas long as short
Kraken Futures PF_ZECUSD+0.0276%1h1,461.7−0.010%$18.1M$45.0M25xas long as short
Lighter RH ZEC+0.0360%1h1,463.2+0.090%$2.1M$7.0M10xas long as short
RISEx ZEC/USDClong+0.0412%1h1,461.9long leg$925K$1.1M10x
Coinbase International ZEC-PERP-INTX+0.0448%1h1,464.1+0.152%$3.8M$9.1M50xas long as short
Arcus ZEC-USD+0.0626%1h1,462.4+0.036%$682K$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0680%1h1,461.3−0.035%$45K$49K10xas long as short