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 0.000%

Price spread now: HTX against SunX−0.241%7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1331.333% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.407%−$41 on $10k

Price spread, last 4 days (all we have)+0.369%+$37 · spread now −0.241%, 7d avg −0.134%

Together, before fees−0.038%−$4 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: HTX is 0.107% cheaper against SunX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.134%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEC-USDT	1,501.9	0.0100	pay 0.0100% / 8h	37m 42s	$3K	$1.2M	20x
Short	HTX ZEC-USDT	1,498.3	0.0100	get 0.0100% / 8h	37m 42s	$2.7M	$20.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.241%Rate

Funding earned: $0
Price spread: −0.241% → −0.134%: −$10.69
Slippage, 4 orders: −$113.35
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$144.04
Costs to cover: 1.333%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; HTX: live order book, 6 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, 6 min ago	29.02 bp	50.3 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 6 min ago	0.03 bp	6.0 bp −$6	13.2 bp −$132	37.9 bp −$3,788	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	1,504.2	+0.153%	$37K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,499.4	−0.168%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0166%	8h	1,503.7	+0.119%	$30.9M	$75.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,496.7	−0.348%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0078%	1h	1,501.7	−0.015%	$48K	$59K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,496.6	−0.353%	$416K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,502.3	+0.027%	$1.5M	$4.4M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,499.4	−0.165%	$685K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,499.1	−0.186%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,498.8	−0.204%	$18.0M	$47.2M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk ZEC-USD	+0.0021%	1h	1,505.9	+0.267%	$910K	$2K	10x	as long as short
Ondo Perps ZEC-USD.P	+0.0054%	1h	1,500.8	−0.072%	$411K	$563K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,498.6	−0.216%	$302K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,505.2	+0.220%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,496	−0.391%	$175K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,496.5	−0.357%	$14K	$878K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,496	−0.393%	$62K	$32K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,501.6	−0.020%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,498	−0.258%	$782.7M	$444.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,496.4	−0.364%	$14.0M	$31.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,496.9	−0.330%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,496.5	−0.360%	$700.1M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,495.9	−0.398%	$269.2M	$623.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,495.9	−0.399%	$184.3M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,496.2	−0.381%	$56.1M	$183.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,496.6	−0.349%	$236.2M	$795.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,496.4	−0.362%	$103.0M	$57.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,496.2	−0.376%	$161.6M	$290.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,495.8	−0.407%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,503	+0.072%	$49.1M	$34.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,503.5	+0.111%	$575K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,505.6	+0.248%	$3.1M	$507K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.4	+0.168%	$414K	$946K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,503.1	+0.080%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,500.8	−0.072%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,499.4	−0.165%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,498.1	−0.250%	$457K	$489K	6.7x	as long as short
SunX ZEC-USDTlong	+0.0100%	8h	1,501.9	long leg	$3K	$1.2M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,498.6	−0.221%	$253K	$3.5M	10x	as long as short
HTX ZEC-USDTshort	+0.0100%	8h	1,498.3	−0.241%	$2.7M	$20.7M	75x
Phemex ZECUSDT	+0.0100%	8h	1,499.4	−0.167%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,496.2	−0.377%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,498.9	−0.197%	$43K	$151K	20x	as long as short
Lighter RH ZEC	+0.0112%	1h	1,497.7	−0.278%	$2.1M	$7.4M	10x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,496.1	−0.384%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,496.2	−0.381%	$942K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0163% / S −0.0203%	1h	1,499.3	−0.171%	$436K	—	100x	as long as short
Lighter ZEC	+0.0208%	1h	1,497.8	−0.270%	$19.8M	$45.4M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,497	−0.326%	$611K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,501.5	−0.025%	$3.7M	$10.2M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0552%	1h	1,499.1	−0.185%	$2.3M	$3.9M	15x	as long as short