Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.026%
Price spread now: BingX against Backpack−0.038%7-day average −0.481% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs+$13as in the Price arb table
costs, in and out, $10k−$320.316% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 7 days+0.315%+$32 · spread now −0.038%, 7d avg −0.481%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.444% dearer against Backpack than usual: you sell high and buy low, +$44 on $10k if it goes back to its 7-day average of −0.481%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZEC_USDC_PERP | 1,460.9 | 0.0100 | pay 0.0013% / 1h | 45m 50s | $2.4M | $3.8M | 15x |
| Short | BingX ZEC-USDC | 1,460.4 | 0.0100 | get 0.0100% / 8h | 5h 45m | — | $6.7M | — |
Backpack ZEC_USDC_PERP
BingX ZEC-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.038% → −0.481%
- $44.37
- Slippage, 4 orders
- −$11.55
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $12.82
- Costs to cover
- 0.316%
- Break-even
- from the start
Slippage from Backpack: live order book, 3 min ago; BingX: 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 Backpack live order book, 3 min ago | 0.03 bp | 5.3 bp −$5 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 0.41 bp | 11.0 bp −$11 | 17.3 bp −$173 | 32.8 bp −$3,282 | 78.1 bp −$39.1K |
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 | 1,469.5 | +0.590% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,459 | −0.132% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0077% | 8h | 1,458.2 | −0.188% | — | $70.9M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,459.7 | −0.084% | $411K | $46K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,459.8 | −0.074% | $963K | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,460.1 | −0.057% | $83K | $249K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,460.4 | −0.033% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0036% | 8h | 1,460.4 | −0.036% | $292K | $979K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0047% | 1h | 1,460.9 | −0.002% | $608K | $1.3M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0052% | 1h | 1,459.8 | −0.076% | $396K | $433K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Deribit ZEC_USDC-PERPETUAL
Ondo Perps ZEC-USD.PShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0009% | 1h | 1,460.5 | −0.027% | $379K | — | 100x | as long as short |
| ApeX Omni ZECUSDT | +0.0073% | 1h | 1,462 | +0.076% | $425K | $879K | 50x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,464.6 | +0.253% | $4.6M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,460.1 | −0.058% | $173K | $1.8M | 50x | as long as short |
| Variational Omni ZEC | +0.0098% | 8h | 1,459.8 | −0.073% | $47.4M | $31.8M | — | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,459.6 | −0.090% | $60K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,460.6 | −0.019% | $19K | $840K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,460.5 | −0.027% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,461 | +0.006% | $761.4M | $432.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,460.7 | −0.014% | $14.5M | $29.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,459.8 | −0.076% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,461.2 | +0.016% | $673.6M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,460.8 | −0.009% | $270.8M | $604.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,461.3 | +0.023% | $179.8M | $1.23B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,462.6 | +0.113% | $888K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,460.8 | −0.007% | $49.9M | $170.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,461 | +0.005% | $214.8M | $770.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,461 | +0.004% | $102.7M | $55.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,461.2 | +0.020% | $162.2M | $275.6M | 75x | as long as short |
| BingX ZEC-USDCshort | +0.0100% | 8h | 1,460.4 | −0.038% | — | $6.7M | — | |
| Backpack ZEC_USDC_PERPlong | +0.0100% | 1h | 1,460.9 | long leg | $2.4M | $3.8M | 15x | |
| edgeX ZECUSDC | +0.0100% | 4h | 1,462.2 | +0.089% | $569K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,465.6 | +0.320% | $3.0M | $417K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,459.7 | −0.084% | $70K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,460.1 | −0.055% | $340K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,460.6 | −0.022% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,459.1 | −0.122% | $445K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,462.3 | +0.094% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,459.4 | −0.105% | $241K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,459.3 | −0.107% | $2.5M | $18.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,459.7 | −0.086% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,461.1 | +0.014% | $2.8M | $7.7M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0104% | 1h | 1,460.4 | −0.036% | $8K | $7K | 5x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,460.2 | −0.049% | $48K | $155K | 20x | as long as short |
| Lighter ZEC | +0.0176% | 1h | 1,461.2 | +0.017% | $19.1M | $45.9M | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0195% | 1h | 1,459.6 | −0.089% | $18.0M | $43.7M | 25x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,461.6 | +0.049% | $710K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0328% | 1h | 1,461.4 | +0.035% | $2.1M | $6.8M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,460.5 | −0.025% | $838K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,462 | +0.073% | $3.6M | $8.9M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0710% | 1h | 1,463 | +0.142% | $43K | $46K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
ApeX Omni ZECUSDT
Phoenix ZEC
Popdex ZECUSDT
Variational Omni ZEC
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
01 Exchange ZECUSD
Aevo ZEC-PERP
Lighter ZEC
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD