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% APRpaid last 24h +0.015%
Price spread now: RISEx against SunX−0.170%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1371.369% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.189%+$19 on $10k
Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.170%, 7d avg −0.072%
Together, before fees+0.208%+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.098% cheaper against SunX than usual: you would sell low and buy high (spread −0.170% now, against its 7-day average of −0.072%). If the spread goes back, that is −$10 on $10k: about 2.8 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEC-USDT1,453.90.0100pay 0.0100% / 8h3h 46m$3K$1.1M20x
ShortRISEx ZEC/USDC1,451.40.0216get 0.0027% / 1h46m 32s$918K$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
$24.35
Price spread: −0.170% → −0.072%
−$9.82
Slippage, 4 orders
−$122.92
Fee SunX: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$122.39
Costs to cover
1.369%
Break-even
42.2 days
Slippage from SunX: live order book, 7 min ago; RISEx: live order book, 2 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 SunX live order book, 7 min ago29.02 bp59.1 bp −$59doesn't fitdoesn't fitdoesn't fit
Sell RISEx live order book, 2 min ago0.89 bp3.9 bp −$49.8 bp −$98doesn'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%1h1,454+0.009%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,451.5−0.166%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0071%8h1,451.5−0.167%$29.4M$70.3M75xas long as short
dYdX ZEC-USD0.0000%1h1,451.8−0.142%$409K$37K5xas long as short
Kalshi KXZECPERP0.0000%8h1,453.1−0.056%$1.5M$4.4M2.2xas long as short
Perpl ZEC0.0000%43m1,452.3−0.111%$83K$240K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,451.9−0.137%$5.1M150xas long as short
Orderly PERP_ZEC_USDC+0.0063%8h1,451.5−0.165%$290K$943K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0079% / S −0.0028%1h1,451.6−0.160%$432K100xas long as short
Lighter RH ZEC+0.0096%1h1,452.6−0.089%$2.1M$7.0M10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,451.1−0.190%$173K$1.7M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,451.1−0.191%$13K$851K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,451.1−0.192%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,451.7−0.149%$2.8M$6.6M10xas long as short
Aster ZECUSDT+0.0100%8h1,451.2−0.187%$14.7M$27.9M75xas long as short
Pacifica ZEC+0.0100%1h1,451.6−0.159%$1.6M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,451−0.197%$666.3M$2.20B75xas long as short
Bybit ZECUSDT+0.0100%8h1,450.5−0.233%$260.7M$600.2M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,451.2−0.183%$177.3M$1.21B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,452.7−0.083%$394K$439K5xas long as short
Bulk ZEC-USD+0.0100%1h1,454+0.008%$878K$18K10xas long as short
Gate ZEC_USDT+0.0100%8h1,451−0.197%$50.5M$170.5M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,451.2−0.186%$216.0M$766.1M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,451.3−0.180%$102.3M$53.4M75xas long as short
Bitget ZECUSDT+0.0100%8h1,451.5−0.167%$165.0M$270.3M75xas long as short
BingX ZEC-USDC+0.0100%8h1,450.6−0.230%$6.7Mas long as short
Variational Omni ZEC+0.0100%8h1,453−0.060%$47.6M$32.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,452.9−0.067%$565K$8.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,454+0.006%$3.0M$451K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,453.1−0.053%$403K$941K50xas long as short
StandX ZEC-USD+0.0100%1h1,452.1−0.123%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,451.4−0.172%$352K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,451.6−0.155%$160K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,450.5−0.237%$443K$521K6.7xas long as short
SunX ZEC-USDTlong+0.0100%8h1,453.9long leg$3K$1.1M20x
SoDEX ZEC-USD+0.0100%1h1,451.6−0.158%$232K$3.2M10xas long as short
HTX ZEC-USDT+0.0100%8h1,451−0.199%$2.7M$18.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,452.5−0.100%$3.8M$5.0M50xas long as short
Extended ZEC-USD+0.0104%1h1,451.2−0.187%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,451.4−0.171%$47K$151K20xas long as short
Hyperliquid ZEC+0.0110%1h1,452.6−0.089%$755.6M$428.6M10xas long as short
Phoenix ZEC+0.0116%1h1,454.5+0.043%$4.6M$1.3M10xas long as short
01 Exchange ZECUSD+0.0120%1h1,451.3−0.177%$8K$7K5xas long as short
Backpack ZEC_USDC_PERP+0.0133%1h1,452.1−0.121%$2.4M$3.9M15xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0155%1h1,452.2−0.114%$613K$1.3M25xas long as short
Lighter ZEC+0.0168%1h1,452.5−0.097%$19.1M$44.7M20xas long as short
RISEx ZEC/USDCshort+0.0216%1h1,451.4−0.170%$918K$1.1M10x
Kraken Futures PF_ZECUSD+0.0334%1h1,451.7−0.154%$18.0M$45.2M25xas long as short
Arcus ZEC-USD+0.0344%1h1,453.9−0.001%$690K$8.2M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0464%1h1,453.4−0.034%$3.8M$9.1M50xas long as short
Aftermath Perps ZECUSD+0.0676%1h1,454.2+0.020%$44K$49K10xas long as short