ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0145%/8h= −15.9% APRnext payment −$1.45 per $10,000 · paid last 24h −0.004%

Price spread now: Bybit against Binance−0.033%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.200%+$20 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.033%, 7d avg −0.002%

Together, before fees+0.222%+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.031% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.002%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.200%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZECUSDT	1,460.3	0.0100	pay 0.0100% / 8h	1h 51m	$669.8M	$2.52B	75x
Short	Bybit ZECUSDT	1,459.8	−0.0045	pay 0.0045% / 8h	1h 51m	$269.5M	$677.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$30.41
Price spread: −0.033% → −0.002%: −$3.08
Slippage, 4 orders: −$2.64
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$57.12
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Bybit: live order book, 3 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 Binance live order book, 8 min ago	0.03 bp	5.4 bp −$5	6.1 bp −$61	11.7 bp −$1,172	doesn't fit
Sell Bybit live order book, 3 min ago	0.03 bp	6.8 bp −$7	8.8 bp −$88	18.1 bp −$1,806	33.9 bp −$16.9K

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	−0.3310%	1h	1,462.9	+0.179%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0406%	1h	1,461.1	+0.054%	$17.7M	$44.6M	25x	as long as short
BloFin ZEC-USDT	−0.0094%	8h	1,461.5	+0.078%	$28.9M	$75.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,460.9	+0.040%	$6K	$2K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0063%	1h	1,466	+0.389%	$397K	$518K	5x	as long as short
Bybit ZECUSDTshort	−0.0045%	8h	1,459.8	−0.033%	$269.5M	$677.8M	75x
Variational Omni ZEC	−0.0022%	8h	1,467.5	+0.494%	$46.8M	$34.4M	—	as long as short
ApeX Omni ZECUSDT	−0.0002%	1h	1,461.6	+0.084%	$429K	$817K	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,459.9	−0.026%	$411K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,462	+0.116%	$937K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,458.8	−0.104%	$83K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,461.9	+0.111%	$595K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,460.6	+0.022%	$5.2M	—	150x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0009% / S +0.0078%	1h	1,460.6	+0.017%	$558K	—	100x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,461	+0.046%	$293K	$1.5M	20x	as long as short
OKX ZEC-USDT-SWAP	+0.0052%	8h	1,459.5	−0.053%	$175.0M	$1.36B	50x	as long as short
Bulk ZEC-USD	+0.0054%	1h	1,460.6	+0.017%	$899K	$25K	10x	as long as short
01 Exchange ZECUSD	+0.0056%	1h	1,460.4	+0.005%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0058%	8h	1,459.5	−0.060%	$49.8M	$183.5M	75x	as long as short
Phoenix ZEC	+0.0075%	1h	1,467	+0.457%	$4.6M	$1.6M	10x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,460.1	−0.018%	$14K	$862K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,461.2	+0.063%	$18.9M	$52.3M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,459.5	−0.060%	$172K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,459.3	−0.071%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,461.2	+0.063%	$2.5M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,460.6	+0.019%	$757.7M	$488.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,459.6	−0.051%	$15.3M	$33.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,460	−0.021%	$1.7M	$3.1M	10x	as long as short
Binance ZECUSDTlong	+0.0100%	8h	1,460.3	long leg	$669.8M	$2.52B	75x
MEXC ZEC_USDT	+0.0100%	8h	1,459.4	−0.060%	$219.8M	$851.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,459.6	−0.051%	$103.0M	$56.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,459.6	−0.051%	$161.6M	$309.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,460.5	+0.010%	—	$103.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.1	+0.055%	$509K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,466.2	+0.405%	$3.0M	$492K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,461.3	+0.064%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,459.9	−0.029%	$343K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,460.3	−0.001%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,459.2	−0.074%	$446K	$503K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,463	+0.186%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,461.1	+0.051%	$222K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,461	+0.047%	$2.4M	$24.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,461.3	+0.069%	$3.8M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,460.1	−0.014%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,461.3	+0.069%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,460.1	−0.012%	$841K	$1.8M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0266%	1h	1,462.2	+0.126%	$2.3M	$4.0M	15x	as long as short
Lighter RH ZEC	+0.0416%	1h	1,461.4	+0.074%	$2.0M	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,464.2	+0.262%	$3.7M	$11.7M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,461.1	+0.051%	$741K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0512%	1h	1,463.4	+0.212%	$40K	$34K	10x	as long as short