Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.001%

Price spread now: Deribit against Binance+0.081%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 3 days (all we have)+0.263%+$26 · spread now +0.081%, 7d avg +0.074%

Together, before fees+0.403%+$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, 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	Binance ZECUSDT	1,470.4	0.0100	pay 0.0100% / 8h	28m 45s	$683.6M	$2.46B	75x
Short	Deribit ZEC_USDC-PERPETUAL	1,471.6	0.0138	get 0.0017% / 1h	28m 45s	$614K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.081%Rate

Funding earned: $8.02
Price spread: +0.081% → +0.074%: $0.76
Slippage, 4 orders: −$13.33
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$21.55
Costs to cover: 0.303%
Break-even: 25.8 days

Slippage from Binance: live order book, 15 min ago; Deribit: live order book, just now.

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, 15 min ago	0.03 bp	5.0 bp −$5	6.1 bp −$61	16.8 bp −$1,679	doesn't fit
Sell Deribit live order book, just now	5.61 bp	10.6 bp −$11	15.9 bp −$159	doesn't fit	doesn't fit

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	−0.3089%	1h	1,472.5	+0.141%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0254%	1h	1,468.3	−0.141%	$399K	$515K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,470.6	+0.014%	$17.9M	$44.3M	25x	as long as short
Bybit ZECUSDT	−0.0111%	8h	1,469.4	−0.066%	$274.8M	$654.5M	75x	as long as short
BloFin ZEC-USDT	−0.0102%	8h	1,470.6	+0.013%	$29.6M	$75.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,471.1	+0.046%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0057%	8h	1,468.8	−0.108%	$46.8M	$33.8M	—	as long as short
ApeX Omni ZECUSDT	−0.0045%	1h	1,470.3	−0.003%	$431K	$841K	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,471	+0.044%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.1	+0.116%	$903K	$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	1,471	+0.039%	$84K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470.7	+0.021%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0012%	8h	1,470.6	+0.013%	$294K	$1.4M	20x	as long as short
01 Exchange ZECUSD	+0.0016%	1h	1,471.7	+0.088%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0024%	1h	1,470.8	+0.028%	$4.6M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0038%	8h	1,470.1	−0.022%	$180.6M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0046%	8h	1,470.2	−0.016%	$50.8M	$186.4M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,470.5	+0.011%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,472.1	+0.114%	$19.1M	$52.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,471.3	+0.063%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,470.2	−0.010%	$13K	$836K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,470.8	+0.028%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,471.2	+0.058%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,471.1	+0.049%	$762.7M	$474.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,470.1	−0.017%	$15.0M	$32.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,471.4	+0.071%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDTlong	+0.0100%	8h	1,470.4	long leg	$683.6M	$2.46B	75x
Arcus ZEC-USD	+0.0100%	1h	1,472.7	+0.161%	$720K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,469.8	−0.043%	$894K	$39K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,470.4	−0.002%	$232.6M	$838.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,470.5	+0.008%	$103.5M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470.3	−0.003%	$162.9M	$301.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,469.3	−0.075%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,470.1	−0.019%	$513K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,470.2	−0.015%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,471.2	+0.056%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471.2	+0.056%	$344K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,470.1	−0.016%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,469	−0.096%	$448K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,473.5	+0.214%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,470.4	+0.002%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,470	−0.026%	$2.5M	$23.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,471.1	+0.048%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470.7	+0.020%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,470.5	+0.007%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,471.9	+0.102%	$825K	$1.2M	10x	as long as short
Deribit ZEC_USDC-PERPETUALshort	+0.0138%	1h	1,471.6	+0.081%	$614K	$1.3M	25x
Backpack ZEC_USDC_PERP	+0.0418%	1h	1,471.5	+0.075%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,473.5	+0.213%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0472%	1h	1,472.4	+0.135%	$2.0M	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0709%	1h	1,471.9	+0.101%	$46K	$47K	10x	as long as short