Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.013%
Price spread now: Extended against BingX−0.041%7-day average −0.035% · 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−$26as in the Price arb table
costs, in and out, $10k−$250.254% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.215%+$22 on $10k
Price spread, last 7 days+0.011%+$1 · spread now −0.041%, 7d avg −0.035%
Together, before fees+0.226%+ Points / potential airdropExtended: Active · farm board+$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.215% in total (about 11.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZEC-USDT1,452.60.0100pay 0.0100% / 8h2h 56m$108.6M
ShortExtended ZEC-USD1,4520.0456get 0.0057% / 1h56m 45s$3.3M$7.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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

Funding earned
$74.76
Price spread: −0.041% → −0.035%
−$0.53
Slippage, 4 orders
−$10.4
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$48.83
Costs to cover
0.254%
Break-even
2.4 days
Slippage from BingX: live order book, 12 min ago; Extended: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 12 min ago0.14 bp5.2 bp −$55.9 bp −$5910.4 bp −$1,04522.2 bp −$11.1K
Sell Extended live order book, 2 min ago3.31 bp5.8 bp −$612.1 bp −$121312.4 bp −$31.2Kdoesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3476%1h1,454.5+0.134%$34K$275K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,450.7−0.125%$6K$2K10xas long as short
Kraken Futures PF_ZECUSD−0.0072%1h1,449.2−0.228%$17.6M$44.8M25xas long as short
BloFin ZEC-USDT−0.0059%8h1,450.1−0.167%$29.1M$76.1M75xas long as short
Variational Omni ZEC−0.0041%8h1,455.2+0.186%$46.3M$31.5Mas long as short
Bybit ZECUSDT−0.0020%8h1,451.8−0.050%$268.5M$679.1M75xas long as short
dYdX ZEC-USD0.0000%1h1,451.6−0.063%$409K$106K5xas long as short
Kalshi KXZECPERP0.0000%8h1,450.6−0.136%$848K$5.5M2.2xas long as short
Perpl ZEC0.0000%43m1,451.6−0.063%$82K$400K10xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,450.1−0.169%$567K$1.3M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZEC_USDC+0.0005%8h1,449.6−0.202%$291K$1.5M20xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,449.6−0.200%$5.1M150xas long as short
OKX ZEC-USDT-SWAP+0.0033%8h1,452.4−0.009%$172.5M$1.37B50xas long as short
01 Exchange ZECUSD+0.0040%1h1,452.3−0.017%$8K$8K5xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0042% / S +0.0061%1h1,449.5−0.211%$535K100xas long as short
Phoenix ZEC+0.0045%1h1,455.2+0.180%$4.6M$1.5M10xas long as short
Aster ZECUSDT+0.0046%8h1,451.8−0.051%$15.1M$35.3M75xas long as short
Ondo Perps ZEC-USD.P+0.0049%1h1,449.9−0.182%$395K$522K5xas long as short
Gate ZEC_USDT+0.0054%8h1,451.6−0.068%$49.1M$184.5M75xas long as short
MEXC ZEC_USDT+0.0092%8h1,451.9−0.045%$213.4M$877.0M150xas long as short
Binance ZECUSDT+0.0093%8h1,452−0.039%$660.7M$2.55B75xas long as short
Katana Perps ZEC-USD+0.0095%8h1,451.4−0.081%$17K$886K10xas long as short
Popdex ZECUSDT+0.0096%1h1,451.2−0.092%$177K$2.0M50xas long as short
Polymarket Perps ZEC-USD+0.0097%1h1,450.9−0.114%$298K$2.1M10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,451.3−0.084%$60K$37K10xas long as short
Nado ZEC-PERP+0.0100%1h1,451.5−0.071%$3.0M$7.0M10xas long as short
Hyperliquid ZEC+0.0100%1h1,454+0.100%$752.9M$508.7M10xas long as short
Pacifica ZEC+0.0100%1h1,451.7−0.059%$1.6M$3.1M10xas long as short
Bulk ZEC-USD+0.0100%1h1,454.9+0.161%$896K$37K10xas long as short
KuCoin ZECUSDTM+0.0100%8h1,451.6−0.064%$103.7M$57.1M75xas long as short
Bitget ZECUSDT+0.0100%8h1,453.2+0.043%$162.5M$317.7M75xas long as short
BingX ZEC-USDTlong+0.0100%8h1,452.6long leg$108.6M
Backpack ZEC_USDC_PERP+0.0100%1h1,451.1−0.103%$2.3M$4.1M15xas long as short
edgeX ZECUSDC+0.0100%4h1,453.3+0.049%$487K$9.7M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,452.4−0.013%$3.0M$501K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,452.6+0.003%$711K$604K50xas long as short
StandX ZEC-USD+0.0100%1h1,451.5−0.075%$109K$4.8M30xas long as short
Bullet ZEC-USD+0.0100%1h1,448.8−0.255%$127K$161K20xas long as short
Derive ZEC-PERP+0.0100%1h1,448.3−0.293%$440K$493K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,452.6+0.003%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,449.6−0.200%$219K$4.7M10xas long as short
HTX ZEC-USDT+0.0100%8h1,448.9−0.249%$2.4M$25.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,450.5−0.143%$3.7M$5.5M50xas long as short
Aevo ZEC-PERP+0.0104%1h1,449.7−0.194%$36K$362K20xas long as short
Lighter ZEC+0.0128%1h1,451.6−0.062%$18.8M$53.6M20xas long as short
RISEx ZEC/USDC+0.0219%1h1,452.4−0.013%$862K$2.5M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0440%1h1,451.5−0.072%$3.7M$11.5M50xas long as short
Extended ZEC-USDshort+0.0456%1h1,452−0.041%$3.3M$7.0M10x
Aftermath Perps ZECUSD+0.0463%1h1,454.2+0.113%$39K$32K10xas long as short
Arcus ZEC-USD+0.0518%1h1,453.9+0.091%$756K$7.8M10xas long as short
Lighter RH ZEC+0.0608%1h1,452−0.039%$2.0M$8.4M10xas long as short