Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against StandX+0.150%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$560.565% of the position

Long on StandX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 3 days (all we have)+0.265%+$27 · spread now +0.150%, 7d avg +0.022%

Together, before fees+0.093%+ Points / potential airdropStandX: Active · farm board+$9 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: Phemex is 0.128% dearer against StandX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX ZEC-USD	1,470	0.0100	pay 0.0013% / 1h	5m 07s	$110K	$4.8M	30x
Short	Phemex ZECUSDT	1,472.2	0.0100	get 0.0100% / 8h	1h 05m	$3.8M	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against StandX. 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 StandXbpFee PhemexbpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → +0.022%: $12.82
Slippage, 4 orders: −$36.46
Fee StandX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$43.65
Costs to cover: 0.565%
Break-even: never at this rate

Slippage from StandX: live order book, 4 min ago; Phemex: 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 StandX live order book, 4 min ago	5.04 bp	9.2 bp −$9	10.7 bp −$107	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	2.35 bp	20.3 bp −$20	34.2 bp −$342	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	−0.3310%	1h	1,472	+0.138%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0403%	1h	1,471.7	+0.117%	$17.9M	$44.9M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0258%	1h	1,470.5	+0.037%	$398K	$517K	5x	as long as short
BloFin ZEC-USDT	−0.0108%	8h	1,471.5	+0.102%	$29.3M	$75.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.6	+0.182%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0075%	8h	1,470.7	+0.048%	$272.4M	$665.8M	75x	as long as short
Variational Omni ZEC	−0.0036%	8h	1,470.8	+0.056%	$46.7M	$33.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,472.4	+0.163%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473	+0.207%	$889K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.3	+0.162%	$84K	$404K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,472.4	+0.169%	$599K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.5	+0.173%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0009%	8h	1,471.8	+0.126%	$294K	$1.4M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0038% / S +0.0009%	1h	1,472.3	+0.162%	$360K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,471.1	+0.077%	$178.4M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0045%	8h	1,471.7	+0.118%	$50.2M	$187.6M	75x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,473	+0.209%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,473.5	+0.242%	$4.6M	$1.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.4	+0.166%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,473	+0.210%	$11K	$822K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.2	+0.154%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.3	+0.226%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.4	+0.167%	$764.0M	$478.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472	+0.139%	$15.6M	$32.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,473.2	+0.219%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,471.7	+0.122%	$679.2M	$2.47B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,467.7	−0.150%	$906K	$27K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,471.7	+0.117%	$222.8M	$872.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,471.6	+0.110%	$103.9M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,471.5	+0.107%	$162.8M	$304.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,472	+0.140%	—	$102.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,468.6	−0.090%	$512K	$9.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.9	−0.071%	$3.0M	$482K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.2	−0.053%	$431K	$826K	50x	as long as short
StandX ZEC-USDlong	+0.0100%	1h	1,470	long leg	$110K	$4.8M	30x
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.4	+0.167%	$348K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.1	+0.144%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.3	+0.027%	$448K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.8	+0.331%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,471.4	+0.098%	$226K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.9	+0.133%	$2.5M	$23.4M	75x	as long as short
Phemex ZECUSDTshort	+0.0100%	8h	1,472.2	+0.150%	$3.8M	$5.3M	50x
Extended ZEC-USD	+0.0104%	1h	1,472.1	+0.147%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.2	+0.086%	$37K	$366K	20x	as long as short
Lighter ZEC	+0.0120%	1h	1,473.1	+0.213%	$19.1M	$52.8M	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,473	+0.209%	$835K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0204%	1h	1,472.3	+0.162%	$2.4M	$3.7M	15x	as long as short
Lighter RH ZEC	+0.0408%	1h	1,473.5	+0.244%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,474	+0.278%	$3.8M	$11.5M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,473.5	+0.244%	$715K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0605%	1h	1,470.4	+0.030%	$41K	$34K	10x	as long as short