Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.004%

Price spread now: 01 Exchange against BingX+0.091%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.091% dearer against BingX than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEC-USDC	1,451.4	0.0100	pay 0.0100% / 8h	2h 45m	—	$6.8M	—
Short	01 Exchange ZECUSD	1,452.7	0.0072	get 0.0009% / 1h	45m 54s	$8K	$8K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.091%Rate

Funding earned: −$5.88
Price spread: +0.091% → 0.000%: $9.09
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$13.79
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 7 min ago	0.07 bp	9.9 bp −$10	15.3 bp −$153	36.3 bp −$3,629	84.4 bp −$42.2K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,437.8	−0.936%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,452.2	+0.055%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,451.9	+0.034%	$17.6M	$44.4M	25x	as long as short
BloFin ZEC-USDT	−0.0066%	8h	1,453	+0.113%	$28.9M	$75.2M	75x	as long as short
Variational Omni ZEC	−0.0026%	8h	1,451.7	+0.022%	$45.5M	$32.1M	—	as long as short
Bybit ZECUSDT	−0.0007%	8h	1,451	−0.028%	$268.6M	$675.2M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451.8	+0.029%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,452.4	+0.071%	$846K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,452.2	+0.056%	$82K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,453.1	+0.120%	$566K	$1.3M	25x	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	1,452.4	+0.070%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0010%	8h	1,452.3	+0.060%	$291K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0037% / S +0.0066%	1h	1,452.3	+0.061%	$543K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0042%	8h	1,451.7	+0.018%	$171.7M	$1.36B	50x	as long as short
Aster ZECUSDT	+0.0062%	8h	1,451.7	+0.023%	$15.3M	$35.1M	75x	as long as short
Gate ZEC_USDT	+0.0065%	8h	1,451.6	+0.014%	$49.1M	$185.7M	75x	as long as short
01 Exchange ZECUSDshort	+0.0072%	1h	1,452.7	+0.091%	$8K	$8K	5x
Ondo Perps ZEC-USD.P	+0.0089%	1h	1,452.8	+0.097%	$394K	$518K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,452.9	+0.106%	$17K	$879K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,453.3	+0.134%	$18.7M	$53.9M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,452.2	+0.054%	$178K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,452.2	+0.057%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,452.3	+0.062%	$3.0M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,452.7	+0.089%	$751.1M	$494.8M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,452.6	+0.084%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,451.7	+0.023%	$658.2M	$2.53B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,455	+0.246%	$896K	$37K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,451.9	+0.032%	$218.7M	$883.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,451.7	+0.020%	$103.6M	$56.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,451.7	+0.020%	$161.7M	$314.8M	75x	as long as short
BingX ZEC-USDClong	+0.0100%	8h	1,451.4	long leg	—	$6.8M	—
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,452.6	+0.082%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,453.4	+0.142%	$487K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,454.1	+0.186%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,452.6	+0.086%	$706K	$606K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,454.3	+0.198%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,451.7	+0.021%	$298K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,452	+0.043%	$126K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,451	−0.024%	$441K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,454.7	+0.229%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,452.3	+0.060%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,451.9	+0.036%	$2.4M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,451.9	+0.034%	$3.7M	$5.4M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,453.6	+0.155%	$4.6M	$1.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,452.3	+0.062%	$36K	$362K	20x	as long as short
Extended ZEC-USD	+0.0208%	1h	1,451.7	+0.024%	$3.3M	$7.0M	10x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,453.1	+0.119%	$862K	$2.5M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,454.1	+0.187%	$3.7M	$11.5M	50x	as long as short
Aftermath Perps ZECUSD	+0.0453%	1h	1,453.5	+0.145%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,454.5	+0.216%	$754K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0728%	1h	1,454.2	+0.195%	$1.9M	$8.4M	10x	as long as short