Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Binance against HTX−0.052%53s7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as 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−$290.285% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$13 on $10k

Price spread, last 4 days (all we have)−1.251%−$125 · spread now −0.052%, 7d avg +0.023%

Together, before fees−1.126%−$113 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: Binance is 0.075% cheaper against HTX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.023%. The two prices were read 53 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	HTX ZEC-USDT	1,460.2	0.0100	pay 0.0100% / 8h	5h 43m	$2.6M	$18.3M	75x
Short	Binance ZECUSDT	1,459.4	0.0100	get 0.0100% / 8h	5h 43m	$672.8M	$2.25B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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 HTXbpFee BinancebpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → +0.023%: −$7.53
Slippage, 4 orders: −$6.51
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$36.03
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Binance: live order book, 16 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 HTX live order book, 1 min ago	2.74 bp	8.9 bp −$9	17.0 bp −$170	36.3 bp −$3,629	doesn't fit
Sell Binance live order book, 16 min ago	0.03 bp	5.6 bp −$6	8.3 bp −$83	17.2 bp −$1,717	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	−0.3244%	1h	1,462	+0.121%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,461.5	+0.092%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0078%	8h	1,462.3	+0.142%	$29.7M	$71.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,460.8	+0.043%	$411K	$46K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,461.4	+0.086%	$963K	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,459.3	−0.063%	$83K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,459.6	−0.040%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0037%	8h	1,459.8	−0.025%	$292K	$977K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0009%	1h	1,459.8	−0.025%	$378K	—	100x	as long as short
Ondo Perps ZEC-USD.P	+0.0064%	1h	1,459.8	−0.026%	$396K	$433K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0074%	1h	1,459.6	−0.040%	$4.6M	$1.4M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0084%	1h	1,460.7	+0.034%	$608K	$1.3M	25x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,459.4	−0.051%	$173K	$1.8M	50x	as long as short
Variational Omni ZEC	+0.0098%	8h	1,459.8	−0.023%	$47.4M	$31.8M	—	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,459.8	−0.023%	$19K	$835K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,459.9	−0.016%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,459.4	−0.054%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,460.5	+0.018%	$760.9M	$432.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,459.6	−0.037%	$14.4M	$28.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,460.7	+0.037%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDTshort	+0.0100%	8h	1,459.4	−0.052%	$672.8M	$2.25B	75x
Bybit ZECUSDT	+0.0100%	8h	1,459.6	−0.037%	$269.9M	$605.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,460.2	−0.002%	$179.8M	$1.23B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,458.7	−0.105%	$886K	$16K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,459.7	−0.036%	$49.9M	$170.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,459.4	−0.057%	$214.8M	$770.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,459.2	−0.066%	$102.6M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,460.1	−0.007%	$162.0M	$275.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,459	−0.084%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,461	+0.053%	$2.4M	$3.8M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.5	+0.093%	$569K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.3	−0.059%	$3.0M	$418K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.5	+0.090%	$421K	$883K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,460.8	+0.042%	$70K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,459	−0.081%	$339K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,459.3	−0.062%	$126K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,458.7	−0.100%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,461.6	+0.095%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,460.2	−0.002%	$241K	$3.5M	10x	as long as short
HTX ZEC-USDTlong	+0.0100%	8h	1,460.2	long leg	$2.6M	$18.3M	75x
Phemex ZECUSDT	+0.0100%	8h	1,460.9	+0.052%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,460.1	−0.007%	$2.8M	$7.7M	10x	as long as short
01 Exchange ZECUSD	+0.0104%	1h	1,460	−0.016%	$8K	$7K	5x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,459.8	−0.024%	$48K	$155K	20x	as long as short
Lighter ZEC	+0.0192%	1h	1,461.8	+0.109%	$19.1M	$45.9M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,460	−0.009%	$18.0M	$43.7M	25x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,461.8	+0.114%	$705K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0320%	1h	1,461.9	+0.114%	$2.1M	$6.8M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,459.7	−0.035%	$834K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,462.7	+0.173%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0716%	1h	1,462.1	+0.131%	$43K	$46K	10x	as long as short