Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: edgeX against SoDEX−0.148%75s7-day average −0.059% · 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—prices read too far apart to compare

costs, in and out, $10k−$180.184% of the position

Long on SoDEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.428%−$43 · spread now −0.148%, 7d avg −0.059%

Together, before fees−0.407%+ Points / potential airdropedgeX: Active · farm board−$41 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: edgeX is 0.089% cheaper against SoDEX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.059%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZEC-USD	1,452.8	0.0100	pay 0.0013% / 1h	39m 55s	$232K	$3.4M	10x
Short	edgeX ZECUSDC	1,450.6	0.0100	get 0.0050% / 4h	39m 55s	$565K	$8.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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 SoDEXbpFee edgeXbpOrdersPrice spread, now −0.148%Rate

Funding earned: $0
Price spread: −0.148% → −0.059%: −$8.92
Slippage, 4 orders: −$1.37
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$27.29
Costs to cover: 0.184%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; edgeX: live order book, 4 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 SoDEX live order book, 4 min ago	0.07 bp	4.2 bp −$4	14.3 bp −$143	100.0 bp −$10.0K	doesn't fit
Sell edgeX live order book, 4 min ago	0.38 bp	5.0 bp −$5	9.4 bp −$94	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	−0.3166%	1h	1,450	−0.190%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,453.3	+0.036%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,451.3	−0.099%	$29.2M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,452.5	−0.019%	$409K	$40K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,454	+0.085%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,453	+0.016%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,452.6	−0.014%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0060%	8h	1,452.7	−0.006%	$291K	$957K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0066% / S −0.0016%	1h	1,452.5	−0.020%	$408K	—	100x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,452.9	+0.013%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,452.7	−0.002%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,452.1	−0.047%	$11K	$872K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,453	+0.015%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,453	+0.016%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,453.6	+0.059%	$756.0M	$435.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,452.4	−0.027%	$14.4M	$27.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,453	+0.019%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,452.8	+0.001%	$666.6M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,452.4	−0.028%	$261.2M	$601.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,452.7	−0.006%	$177.4M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,448.7	−0.279%	$394K	$444K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,450.7	−0.141%	$875K	$29K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,452.3	−0.034%	$50.0M	$173.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,452.7	−0.007%	$215.8M	$770.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,452.6	−0.011%	$102.2M	$54.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,452.7	−0.003%	$165.0M	$273.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,452.6	−0.012%	—	$101.1M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,453.1	+0.025%	$2.4M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,449.4	−0.229%	$47.5M	$32.8M	—	as long as short
edgeX ZECUSDCshort	+0.0100%	4h	1,450.6	−0.148%	$565K	$8.6M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,450.6	−0.150%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,449.9	−0.197%	$403K	$921K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.2	−0.174%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,452.3	−0.031%	$366K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,452.7	−0.002%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,451.5	−0.088%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,455.4	+0.183%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USDlong	+0.0100%	1h	1,452.8	long leg	$232K	$3.4M	10x
HTX ZEC-USDT	+0.0100%	8h	1,451.6	−0.076%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,452.1	−0.044%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,452.3	−0.028%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,452.3	−0.030%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,450.5	−0.158%	$4.6M	$1.3M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0278%	1h	1,452.7	−0.005%	$18.0M	$44.9M	25x	as long as short
Lighter ZEC	+0.0344%	1h	1,453.7	+0.066%	$19.1M	$45.9M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0397%	1h	1,453.4	+0.043%	$610K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,452.9	+0.012%	$920K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,454.5	+0.122%	$3.8M	$9.0M	50x	as long as short
Lighter RH ZEC	+0.0488%	1h	1,454.4	+0.115%	$2.0M	$6.9M	10x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,450.8	−0.137%	$738K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0675%	1h	1,450.9	−0.130%	$44K	$49K	10x	as long as short