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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.14 per $10,000 · paid last 24h +0.026%
Price spread now: RISEx against SoDEX+0.005%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$210.206% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.201%+$20 on $10k
Price spread, last 4 days (all we have)−0.349%−$35 · spread now +0.005%, 7d avg +0.028%
Together, before fees−0.148%−$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.023% cheaper against SoDEX than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.028%). If the spread goes back, that is −$2 on $10k: about 16 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ZEC-USD1,460.70.0100pay 0.0013% / 1h14m 41s$234K$3.2M10x
ShortRISEx ZEC/USDC1,460.80.0216get 0.0027% / 1h14m 41s$924K$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
$24.35
Price spread: +0.005% → +0.028%
−$2.31
Slippage, 4 orders
−$6.6
Fee SoDEX: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
$1.44
Costs to cover
0.206%
Break-even
6.6 days
Slippage from SoDEX: live order book, 4 min ago; RISEx: live order book, 4 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 SoDEX live order book, 4 min ago1.03 bp6.3 bp −$617.6 bp −$176105.0 bp −$10.5Kdoesn't fit
Sell RISEx live order book, 4 min ago1.57 bp4.6 bp −$59.0 bp −$90doesn't fitdoesn'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−0.3042%1h1,460.8+0.007%$34K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,459.9−0.056%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0071%8h1,460.7+0.001%$29.6M$70.7M75xas long as short
dYdX ZEC-USD0.0000%1h1,460.9+0.016%$406K$41K5xas long as short
Perpl ZEC0.0000%43m1,460.5−0.016%$84K$239K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,460.8+0.003%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0063%8h1,460.4−0.022%$292K$916K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0087% / S −0.0038%1h1,460.9+0.015%$435K100xas long as short
Ondo Perps ZEC-USD.P+0.0092%1h1,458.4−0.159%$396K$435K5xas long as short
Popdex ZECUSDT+0.0096%1h1,460.7−0.003%$174K$1.6M50xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps ZEC-USD+0.0100%8h1,460.9+0.015%$14K$802K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,460.7−0.002%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,460−0.050%$2.8M$6.5M10xas long as short
Aster ZECUSDT+0.0100%8h1,461+0.020%$14.5M$27.8M75xas long as short
Pacifica ZEC+0.0100%1h1,461.9+0.084%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,462+0.086%$673.1M$2.17B75xas long as short
Bybit ZECUSDT+0.0100%8h1,461.5+0.055%$261.7M$589.4M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,462+0.088%$179.4M$1.21B50xas long as short
Bulk ZEC-USD+0.0100%1h1,457.9−0.194%$881K$17K10xas long as short
Gate ZEC_USDT+0.0100%8h1,460.7−0.003%$52.2M$172.6M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,461.8+0.071%$220.5M$772.2M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,461.1+0.028%$103.1M$53.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,460.9+0.015%$165.8M$268.3M75xas long as short
BingX ZEC-USDT+0.0100%8h1,460.7−0.003%$106.6Mas long as short
Variational Omni ZEC+0.0100%8h1,458.8−0.133%$47.8M$32.5Mas long as short
edgeX ZECUSDC+0.0100%4h1,459.6−0.076%$568K$8.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,459.3−0.098%$3.0M$464K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,458.6−0.142%$403K$944K50xas long as short
StandX ZEC-USD+0.0100%1h1,459−0.118%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,461.2+0.033%$355K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,460.9+0.015%$161K$186K20xas long as short
Derive ZEC-PERP+0.0100%1h1,459.5−0.082%$446K$504K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,462.9+0.151%$3K$1.1M20xas long as short
SoDEX ZEC-USDlong+0.0100%1h1,460.7long leg$234K$3.2M10x
HTX ZEC-USDT+0.0100%8h1,458.5−0.155%$2.7M$18.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,460.7−0.003%$3.8M$4.9M50xas long as short
Extended ZEC-USD+0.0104%1h1,460.7−0.003%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,460.5−0.017%$47K$151K20xas long as short
Phoenix ZEC+0.0116%1h1,459.8−0.063%$4.6M$1.3M10xas long as short
Lighter RH ZEC+0.0120%1h1,462.3+0.105%$2.1M$7.0M10xas long as short
01 Exchange ZECUSD+0.0120%1h1,461.3+0.042%$8K$7K5xas long as short
Hyperliquid ZEC+0.0143%1h1,462.2+0.101%$761.8M$424.7M10xas long as short
Lighter ZEC+0.0160%1h1,462.2+0.101%$19.4M$45.3M20xas long as short
Kalshi KXZECPERP+0.0186%8h1,460.8+0.008%$1.5M$4.4M2.2xas long as short
RISEx ZEC/USDCshort+0.0216%1h1,460.8+0.005%$924K$1.1M10x
Backpack ZEC_USDC_PERP+0.0266%1h1,461.8+0.075%$2.4M$3.8M15xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0319%1h1,461.5+0.053%$615K$1.3M25xas long as short
Kraken Futures PF_ZECUSD+0.0332%1h1,460.5−0.013%$18.1M$45.2M25xas long as short
Arcus ZEC-USD+0.0344%1h1,461.8+0.075%$686K$8.1M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0464%1h1,461.3+0.039%$3.8M$9.2M50xas long as short
Aftermath Perps ZECUSD+0.0676%1h1,460−0.047%$45K$49K10xas long as short