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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Aster against SunX0.000%7-day average −0.119% · 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−$117as in the Price arb table

costs, in and out, $10k−$1281.284% of the position

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.297%−$30 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now 0.000%, 7d avg −0.119%

Together, before fees−0.413%+ Points / potential airdropAster: Stage 5 · 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: Aster is 0.119% dearer against SunX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEC-USDT	1,519.3	0.0100	pay 0.0100% / 8h	2h 16m	$3K	$1.2M	20x
Short	Aster ZECUSDT	1,519.3	0.0100	get 0.0100% / 8h	2h 16m	$14.8M	$29.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.119%: $11.93
Slippage, 4 orders: −$112.43
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$116.5
Costs to cover: 1.284%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Aster: live order book, 3 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 SunX live order book, 7 min ago	29.02 bp	49.8 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.19 bp	5.2 bp −$5	7.9 bp −$79	23.7 bp −$2,369	118.0 bp −$59.0K

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	−0.3243%	1h	1,488.7	−2.017%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0149%	8h	1,515.1	−0.277%	$30.5M	$74.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,516.2	−0.204%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,516.2	−0.207%	$421K	$36K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,510.7	−0.569%	$1.7M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,519.2	−0.007%	$87K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,519.4	+0.003%	$5.4M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0066%	8h	1,516.5	−0.182%	$303K	$923K	20x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,519.8	+0.034%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0092%	1h	1,507.5	−0.780%	$4.8M	$1.3M	10x	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	1,519.6	+0.016%	$145K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,519.5	+0.015%	$2.9M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,521	+0.111%	$795.1M	$433.9M	10x	as long as short
Aster ZECUSDTshort	+0.0100%	8h	1,519.3	0.000%	$14.8M	$29.1M	75x
Pacifica ZEC	+0.0100%	1h	1,517.5	−0.116%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,519	−0.021%	$704.7M	$2.24B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,517.5	−0.120%	$277.2M	$615.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,516.9	−0.156%	$182.6M	$1.30B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,502.6	−1.100%	$411K	$488K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	−2.635%	$894K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,519.3	+0.002%	$54.8M	$178.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,519.1	−0.015%	$232.7M	$775.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,520.2	+0.059%	$104.8M	$54.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,517.9	−0.093%	$167.4M	$277.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,519.6	+0.016%	—	$114.5M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,494.7	−1.622%	$48.9M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,492.9	−1.735%	$562K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,505.9	−0.881%	$3.1M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,502.9	−1.083%	$416K	$928K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,512.2	−0.466%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,519.7	+0.026%	$373K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,518.6	−0.047%	$167K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,516.6	−0.176%	$463K	$506K	6.7x	as long as short
SunX ZEC-USDTlong	+0.0100%	8h	1,519.3	long leg	$3K	$1.2M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,517.6	−0.114%	$251K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,516.6	−0.180%	$2.6M	$19.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,516	−0.217%	$4.0M	$4.9M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,516.8	−0.163%	$63K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,520	+0.042%	$14K	$847K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0104% / S −0.0076%	1h	1,519.1	−0.015%	$406K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,517.4	−0.128%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,517.8	−0.100%	$46K	$153K	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0142%	1h	1,517.7	−0.103%	$18.5M	$46.0M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,519.2	−0.005%	$950K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0168%	1h	1,518.7	−0.043%	$2.1M	$7.3M	10x	as long as short
Lighter ZEC	+0.0224%	1h	1,517.2	−0.141%	$19.8M	$45.2M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0339%	1h	1,518.5	−0.053%	$721K	$1.4M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0451%	1h	1,515.8	−0.234%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,519.8	+0.035%	$3.7M	$9.9M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,518.7	−0.042%	$610K	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0589%	1h	1,498.5	−1.372%	$51K	$60K	10x	as long as short