Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: OKX against SoDEX+0.029%7-day average −0.012% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on SoDEX Short on OKX

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)−0.187%−$19 · spread now +0.029%, 7d avg −0.012%

Together, before fees−0.209%−$21 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: OKX is 0.041% dearer against SoDEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZEC-USD	1,510.4	0.0100	pay 0.0013% / 1h	4m 51s	$255K	$3.6M	10x
Short	OKX ZEC-USDT-SWAP	1,510.8	0.0100	get 0.0100% / 8h	4m 51s	$182.7M	$1.38B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.012%: $4.13
Slippage, 4 orders: −$4.31
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$18.19
Costs to cover: 0.223%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; OKX: 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	0.03 bp	4.1 bp −$4	11.6 bp −$116	101.1 bp −$10.1K	doesn't fit
Sell OKX live order book, 4 min ago	0.03 bp	5.4 bp −$5	7.8 bp −$78	16.3 bp −$1,629	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	−0.3442%	1h	1,496.3	−0.932%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,510.2	−0.013%	$62K	$306K	10x	as long as short
Bulk ZEC-USD	−0.0412%	1h	1,508.1	−0.148%	$776K	$147K	10x	as long as short
BloFin ZEC-USDT	−0.0174%	8h	1,510.7	+0.023%	$31.0M	$76.7M	75x	as long as short
Aftermath Perps ZECUSD	−0.0104%	1h	1,510.1	−0.015%	$48K	$59K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,511	+0.042%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,509.7	−0.044%	$420K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,510.8	+0.032%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,510.4	+0.001%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,510.7	+0.026%	$18.2M	$47.8M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZEC-USD.P	+0.0059%	1h	1,507	−0.222%	$412K	$551K	5x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,511.3	+0.061%	$8K	$6K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0081%	1h	1,510.8	+0.031%	$690K	$1.4M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,510	−0.026%	$304K	$863K	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,511.5	+0.077%	$4.8M	$1.4M	10x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,511.9	+0.103%	$2.1M	$7.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,511.2	+0.056%	$176K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,511.2	+0.056%	$16K	$897K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,510	−0.022%	$62K	$19K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,511.3	+0.066%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,511.6	+0.083%	$791.7M	$445.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,509.6	−0.051%	$14.2M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,510.3	−0.005%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,510.3	−0.001%	$713.4M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,509.8	−0.037%	$272.1M	$626.3M	75x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0100%	8h	1,510.8	+0.029%	$182.7M	$1.38B	50x
Gate ZEC_USDT	+0.0100%	8h	1,510	−0.023%	$59.1M	$190.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,510.3	−0.001%	$227.4M	$827.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,510.3	−0.005%	$103.4M	$57.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,510.2	−0.009%	$163.3M	$293.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,510.2	−0.011%	—	$119.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,507.8	−0.167%	$49.8M	$35.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,511.6	+0.082%	$578K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,510.4	+0.001%	$3.1M	$519K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,511.2	+0.056%	$416K	$948K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,510.1	−0.017%	$54K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,511	+0.043%	$376K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,511.3	+0.066%	$169K	$193K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,513.1	+0.184%	$462K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,513.7	+0.224%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USDlong	+0.0100%	1h	1,510.4	long leg	$255K	$3.6M	10x
HTX ZEC-USDT	+0.0100%	8h	1,509.5	−0.054%	$2.7M	$21.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,510.9	+0.036%	$4.1M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,510.2	−0.013%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,510.1	−0.014%	$43K	$151K	20x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,511.5	+0.074%	$959K	$1.1M	10x	as long as short
Lighter ZEC	+0.0144%	1h	1,511.8	+0.095%	$19.6M	$47.0M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0150% / S −0.0149%	1h	1,510.6	+0.020%	$335K	—	100x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,511.8	+0.095%	$598K	$8.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,511.2	+0.054%	$3.7M	$9.8M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0493%	1h	1,511.2	+0.055%	$2.3M	$3.7M	15x	as long as short