Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against BingX+0.048%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$150.150% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.048%, 7d avg +0.085%

Together, before fees+0.009%+$1 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: MEXC is 0.037% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEC-USDC	1,466	0.0100	pay 0.0100% / 8h	1h 42m	—	$6.7M	—
Short	MEXC ZEC_USDT	1,466.7	0.0100	get 0.0100% / 8h	1h 42m	$221.7M	$857.0M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee BingXbpFee MEXCbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → +0.085%: −$3.7
Slippage, 4 orders: −$5.01
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$18.72
Costs to cover: 0.150%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; MEXC: live order book, 2 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 BingX live order book, 10 min ago	1.23 bp	6.5 bp −$7	13.9 bp −$139	38.9 bp −$3,892	86.8 bp −$43.4K
Sell MEXC live order book, 2 min ago	0.10 bp	0.1 bp $0	0.1 bp −$1	12.4 bp −$1,239	66.4 bp −$33.2K

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	−0.206%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0404%	1h	1,466.3	+0.022%	$17.9M	$44.7M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0190%	1h	1,466.9	+0.064%	$398K	$521K	5x	as long as short
BloFin ZEC-USDT	−0.0098%	8h	1,467.1	+0.078%	$29.1M	$75.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,467.4	+0.100%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0048%	8h	1,466.2	+0.013%	$271.9M	$673.8M	75x	as long as short
Variational Omni ZEC	−0.0022%	8h	1,467.6	+0.112%	$46.6M	$34.0M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,467.9	+0.134%	$413K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,467.4	+0.097%	$889K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,466.5	+0.035%	$83K	$404K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,467.1	+0.078%	$597K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,467.2	+0.085%	$5.2M	—	150x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0009% / S +0.0079%	1h	1,467	+0.069%	$542K	—	100x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,466.7	+0.047%	$292K	$1.5M	20x	as long as short
OKX ZEC-USDT-SWAP	+0.0048%	8h	1,466.4	+0.032%	$176.3M	$1.36B	50x	as long as short
Gate ZEC_USDT	+0.0052%	8h	1,466.5	+0.037%	$49.9M	$184.4M	75x	as long as short
Bulk ZEC-USD	+0.0054%	1h	1,460.6	−0.368%	$899K	$25K	10x	as long as short
01 Exchange ZECUSD	+0.0056%	1h	1,467.2	+0.084%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,468.6	+0.183%	$4.6M	$1.6M	10x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,466.7	+0.049%	$14K	$862K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,468.3	+0.159%	$19.0M	$52.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,466.5	+0.036%	$173K	$1.9M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,466	+0.002%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,467.2	+0.085%	$2.5M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,467.8	+0.126%	$760.6M	$490.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,466.6	+0.045%	$15.4M	$33.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,467	+0.074%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,466.7	+0.048%	$675.1M	$2.50B	75x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,466.7	+0.048%	$221.7M	$857.0M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,466.8	+0.057%	$103.2M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,466.8	+0.057%	$162.3M	$307.5M	75x	as long as short
BingX ZEC-USDClong	+0.0100%	8h	1,466	long leg	—	$6.7M	—
edgeX ZECUSDC	+0.0100%	4h	1,468.2	+0.150%	$511K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.7	+0.117%	$3.0M	$481K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,467.8	+0.127%	$431K	$819K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,468.6	+0.177%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,466.6	+0.044%	$345K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,466.6	+0.042%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,464.8	−0.076%	$447K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,468.6	+0.182%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,466.4	+0.030%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,465.5	−0.033%	$2.5M	$24.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.2	+0.087%	$3.8M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,466.8	+0.058%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,466.9	+0.065%	$37K	$367K	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,467	+0.073%	$844K	$1.8M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0240%	1h	1,467.4	+0.100%	$2.4M	$4.0M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,468.8	+0.190%	$3.7M	$11.7M	50x	as long as short
Lighter RH ZEC	+0.0440%	1h	1,468.7	+0.190%	$2.0M	$8.2M	10x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,467.8	+0.129%	$733K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0537%	1h	1,467.3	+0.089%	$41K	$34K	10x	as long as short