Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.027%

Price spread now: Phemex against 01 Exchange+0.018%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Phemex

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ZECUSD	1,452.6	0.0136	pay 0.0017% / 1h	8m 04s	$8K	$7K	5x
Short	Phemex ZECUSDT	1,452.9	0.0100	get 0.0100% / 8h	5h 08m	$3.8M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$7.56
Price spread: +0.018% → 0.000%: $1.79
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$24.77
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Phemex: live order book, 6 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 Phemex live order book, 6 min ago	3.57 bp	19.2 bp −$19	doesn't fit	doesn't fit	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	−0.3244%	1h	1,455.6	+0.203%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,453.9	+0.087%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0078%	8h	1,453	+0.030%	$29.3M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,452.5	−0.009%	$409K	$42K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,453.3	+0.045%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,452.3	−0.019%	$83K	$241K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,452.6	−0.004%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0053%	8h	1,452.2	−0.025%	$291K	$966K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,452.3	−0.022%	$408K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,455	+0.163%	$4.6M	$1.4M	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	1,452.5	−0.006%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,452.6	−0.001%	$12K	$868K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,454.1	+0.101%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,453.6	+0.067%	$2.6M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,453.4	+0.054%	$755.2M	$433.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,452.1	−0.035%	$14.5M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,453.8	+0.081%	$1.6M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,452.2	−0.030%	$664.9M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,451.6	−0.071%	$262.3M	$606.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,452.3	−0.023%	$177.6M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.3	+0.185%	$396K	$432K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	+0.333%	$883K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,452.4	−0.017%	$50.0M	$175.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,452.5	−0.010%	$213.3M	$781.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,452.9	+0.020%	$101.8M	$55.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,452.2	−0.028%	$161.3M	$273.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,452	−0.044%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,456.4	+0.260%	$47.6M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,457.1	+0.307%	$568K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,457.6	+0.341%	$3.0M	$432K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,456.2	+0.246%	$410K	$911K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,458	+0.374%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,452.3	−0.021%	$367K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,452.5	−0.005%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,451.4	−0.086%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,456.4	+0.258%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,452.4	−0.014%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,453.3	+0.049%	$2.7M	$18.1M	75x	as long as short
Phemex ZECUSDTshort	+0.0100%	8h	1,452.9	+0.018%	$3.8M	$5.1M	50x
Backpack ZEC_USDC_PERP	+0.0104%	1h	1,453	+0.028%	$2.4M	$3.8M	15x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,452.3	−0.023%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,452.2	−0.030%	$47K	$153K	20x	as long as short
01 Exchange ZECUSDlong	+0.0136%	1h	1,452.6	long leg	$8K	$7K	5x
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,452.3	−0.023%	$18.0M	$44.7M	25x	as long as short
Lighter ZEC	+0.0232%	1h	1,453.9	+0.092%	$19.0M	$46.8M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,454.7	+0.144%	$719K	$8.5M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0311%	1h	1,453.1	+0.032%	$611K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0360%	1h	1,454.3	+0.114%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,453.2	+0.039%	$831K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,452.8	+0.014%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0690%	1h	1,456.6	+0.274%	$45K	$49K	10x	as long as short