Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: Pacifica against Binance+0.036%48s7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.232% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.162%−$16 on $10k

Price spread, last 7 days−0.067%−$7 · spread now +0.036%, 7d avg −0.009%

Together, before fees−0.229%+ Points / potential airdropPacifica: Active · farm board−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.046% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.009%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZECUSDT	1,457.2	0.0100	pay 0.0100% / 8h	2h 14m	$665.3M	$2.53B	75x
Short	Pacifica ZEC	1,457.7	0.0100	get 0.0013% / 1h	14m 58s	$1.6M	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.009%: $4.56
Slippage, 4 orders: −$5.16
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$18.59
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Pacifica: live order book, 4 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, 14 min ago	0.03 bp	6.0 bp −$6	6.4 bp −$64	12.8 bp −$1,278	27.6 bp −$13.8K
Sell Pacifica live order book, 4 min ago	0.14 bp	6.2 bp −$6	doesn't fit	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	−0.3476%	1h	1,433.1	−1.651%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0085%	8h	1,457.2	−0.004%	$28.7M	$75.4M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,457.1	−0.008%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,457.4	+0.014%	$17.7M	$44.6M	25x	as long as short
Bybit ZECUSDT	−0.0004%	8h	1,456.2	−0.071%	$268.8M	$677.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457.2	−0.001%	$410K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,458.6	+0.099%	$934K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,457	−0.015%	$83K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,458	+0.056%	$593K	$1.3M	25x	as long as short
Variational Omni ZEC	+0.0002%	8h	1,456.6	−0.042%	$45.6M	$33.4M	—	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.7	+0.037%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0016%	8h	1,457.4	+0.016%	$292K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0019% / S +0.0072%	1h	1,457.6	+0.026%	$557K	—	100x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,457.8	+0.040%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0057%	8h	1,456.8	−0.030%	$173.8M	$1.36B	50x	as long as short
Gate ZEC_USDT	+0.0072%	8h	1,456.9	−0.021%	$49.3M	$190.8M	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0075%	1h	1,452.8	−0.302%	$395K	$519K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,457.3	+0.004%	$15K	$871K	10x	as long as short
Aster ZECUSDT	+0.0095%	8h	1,457.5	+0.019%	$15.3M	$34.1M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,458.9	+0.118%	$18.8M	$54.7M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,457.2	−0.003%	$173K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,457.3	+0.005%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,457.7	+0.031%	$2.5M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,458.4	+0.082%	$754.1M	$495.1M	10x	as long as short
Pacifica ZECshort	+0.0100%	1h	1,457.7	+0.036%	$1.6M	$3.0M	10x
Binance ZECUSDTlong	+0.0100%	8h	1,457.2	long leg	$665.3M	$2.53B	75x
MEXC ZEC_USDT	+0.0100%	8h	1,457.2	−0.002%	$217.5M	$898.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457	−0.012%	$103.1M	$57.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,457.1	−0.004%	$161.3M	$312.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,457.1	−0.004%	—	$101.4M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,458.3	+0.073%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,455.2	−0.138%	$489K	$9.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.7	−0.032%	$3.0M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,456.7	−0.036%	$428K	$814K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,457.9	+0.046%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.9	−0.021%	$344K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457.3	+0.005%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.2	−0.071%	$443K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.5	+0.160%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.4	+0.012%	$221K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,457.2	−0.004%	$2.4M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,457.5	+0.022%	$3.8M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,455	−0.152%	$896K	$26K	10x	as long as short
Phoenix ZEC	+0.0103%	1h	1,457.5	+0.020%	$4.6M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,457.7	+0.033%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,457.5	+0.018%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,457.9	+0.050%	$863K	$1.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,459.2	+0.140%	$3.8M	$11.5M	50x	as long as short
Aftermath Perps ZECUSD	+0.0464%	1h	1,457.2	0.000%	$40K	$34K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,458.8	+0.111%	$750K	$8.0M	10x	as long as short
Lighter RH ZEC	+0.0616%	1h	1,459.6	+0.161%	$1.9M	$8.5M	10x	as long as short