Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.019%

Price spread now: HTX against 01 Exchange−0.045%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. HTX is 0.045% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 7.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ZECUSD	1,494.3	0.0080	pay 0.0010% / 1h	1m 21s	$8K	$7K	5x
Short	HTX ZEC-USDT	1,493.6	0.0100	get 0.0100% / 8h	2h 01m	$2.6M	$19.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against 01 Exchange. 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 01 ExchangebpFee HTXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $4.2
Price spread: −0.045% → 0.000%: −$4.48
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$19.28
Costs to cover: 0.190%
Break-even: 39.1 days

Slippage unknown: 01 Exchange: no order-book sample; HTX: live order book, 3 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell HTX live order book, 3 min ago	2.11 bp	10.3 bp −$10	13.4 bp −$134	31.5 bp −$3,150	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,479.2	−1.011%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0117%	8h	1,495.8	+0.103%	$30.7M	$74.0M	75x	as long as short
Bulk ZEC-USD	−0.0102%	1h	1,494.5	+0.018%	$903K	$15K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,495.5	+0.084%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,493.8	−0.033%	$415K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,495.8	+0.101%	$1.6M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,493.8	−0.033%	$85K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,494.1	−0.008%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0071%	8h	1,494.2	−0.005%	$300K	$1.1M	20x	as long as short
01 Exchange ZECUSDlong	+0.0080%	1h	1,494.3	long leg	$8K	$7K	5x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,495.2	+0.062%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,494.3	0.000%	$153K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,494.5	+0.019%	$2.8M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,495.7	+0.096%	$779.7M	$438.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,494.1	−0.013%	$14.2M	$29.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,494.1	−0.010%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,494.1	−0.011%	$695.0M	$2.28B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,494.4	+0.007%	$274.8M	$621.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,494.4	+0.006%	$181.3M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,495.1	+0.056%	$406K	$480K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,494.1	−0.008%	$54.1M	$182.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,494.4	+0.011%	$232.9M	$785.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,494.7	+0.028%	$103.0M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,494.3	+0.005%	$161.5M	$285.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,493.8	−0.033%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,498.3	+0.273%	$49.0M	$33.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,494.1	−0.011%	$571K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,496	+0.115%	$3.1M	$477K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,495.8	+0.101%	$414K	$930K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,495.7	+0.096%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,493.9	−0.024%	$361K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,494.1	−0.013%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.4	−0.057%	$456K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,497.1	+0.187%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,494.7	+0.029%	$254K	$3.5M	10x	as long as short
HTX ZEC-USDTshort	+0.0100%	8h	1,493.6	−0.045%	$2.6M	$19.6M	75x
Phemex ZECUSDT	+0.0100%	8h	1,495	+0.049%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,494	−0.018%	$62K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,494.6	+0.020%	$12K	$858K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,494	−0.017%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,493.9	−0.021%	$45K	$149K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0110% / S −0.0087%	1h	1,493.6	−0.041%	$404K	—	100x	as long as short
Kraken Futures PF_ZECUSD	+0.0144%	1h	1,494.8	+0.038%	$18.1M	$46.2M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,494.6	+0.022%	$933K	$1.2M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0198%	1h	1,495.4	+0.073%	$711K	$1.4M	25x	as long as short
Lighter ZEC	+0.0216%	1h	1,495.4	+0.079%	$19.6M	$45.9M	20x	as long as short
Lighter RH ZEC	+0.0216%	1h	1,495.5	+0.084%	$2.1M	$7.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0336%	1h	1,495.5	+0.085%	$2.3M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0354%	1h	1,496.6	+0.158%	$50K	$61K	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,497	+0.182%	$3.7M	$9.9M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,495.4	+0.073%	$616K	$8.6M	10x	as long as short