Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: Pacifica against BingX+0.107%47s7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as 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−$260.257% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.107%, 7d avg +0.078%

Together, before fees−0.194%+ Points / potential airdropPacifica: Active · farm board−$19 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 0.030% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.078%. The two prices were read 47 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	BingX ZEC-USDC	1,457	0.0100	pay 0.0100% / 8h	4h 04m	—	$6.7M	—
Short	Pacifica ZEC	1,458.5	0.0100	get 0.0013% / 1h	4m 53s	$1.7M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → +0.078%: $2.97
Slippage, 4 orders: −$7.69
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$22.73
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from BingX: live order book, 8 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 BingX live order book, 8 min ago	0.28 bp	6.8 bp −$7	13.6 bp −$136	35.9 bp −$3,592	79.1 bp −$39.6K
Sell Pacifica live order book, 4 min ago	1.03 bp	5.9 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	−0.3166%	1h	1,458.2	+0.081%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,457.9	+0.060%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,457.6	+0.040%	$29.6M	$70.9M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,458.3	+0.090%	$411K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,458.3	+0.089%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,457.7	+0.046%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.8	+0.058%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,457.6	+0.043%	$291K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0071% / S −0.0022%	1h	1,457.7	+0.048%	$409K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,458	+0.073%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,457.7	+0.049%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,457.9	+0.061%	$11K	$857K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,458.6	+0.110%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,457.9	+0.066%	$2.8M	$6.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,458.6	+0.111%	$758.7M	$431.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,457.5	+0.038%	$14.8M	$27.9M	75x	as long as short
Pacifica ZECshort	+0.0100%	1h	1,458.5	+0.107%	$1.7M	$2.4M	10x
Binance ZECUSDT	+0.0100%	8h	1,457.3	+0.025%	$669.5M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,456.6	−0.023%	$261.5M	$602.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,457.3	+0.021%	$178.0M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,456.7	−0.019%	$396K	$441K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,457.5	+0.032%	$50.5M	$175.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,457.9	+0.062%	$216.9M	$776.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.6	+0.045%	$102.9M	$54.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,457.4	+0.030%	$165.7M	$271.0M	75x	as long as short
BingX ZEC-USDClong	+0.0100%	8h	1,457	long leg	—	$6.7M	—
Variational Omni ZEC	+0.0100%	8h	1,457.3	+0.025%	$47.8M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.1	−0.061%	$567K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,457.2	+0.016%	$3.0M	$451K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,456.5	−0.032%	$404K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,457	−0.001%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457.6	+0.043%	$354K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,458	+0.073%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.6	−0.028%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.9	+0.198%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.5	+0.033%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,457.1	+0.011%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,457.7	+0.051%	$3.8M	$5.1M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,460.6	+0.251%	$882K	$18K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,457.6	+0.040%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,457.4	+0.032%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,459	+0.138%	$4.6M	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0178%	1h	1,457.9	+0.064%	$2.4M	$3.9M	15x	as long as short
Lighter ZEC	+0.0240%	1h	1,458.8	+0.122%	$19.2M	$46.0M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0277%	1h	1,458.5	+0.101%	$615K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0277%	1h	1,457.6	+0.044%	$18.0M	$45.2M	25x	as long as short
Lighter RH ZEC	+0.0320%	1h	1,458.8	+0.123%	$2.1M	$7.0M	10x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,458	+0.070%	$923K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,459.8	+0.192%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,459.1	+0.146%	$677K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0682%	1h	1,458.7	+0.118%	$45K	$49K	10x	as long as short