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 −0.010%

Price spread now: BingX against HTX+0.052%52s7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as 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−$290.287% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 3 days (all we have)−0.268%−$27 · spread now +0.052%, 7d avg +0.024%

Together, before fees−0.186%−$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: BingX is 0.027% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.024%. The two prices were read 52 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	1,469.7	0.0100	pay 0.0100% / 8h	32m 27s	$2.5M	$23.1M	75x
Short	BingX ZEC-USDT	1,470.4	0.0100	get 0.0100% / 8h	32m 27s	—	$102.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.024%: $2.74
Slippage, 4 orders: −$6.68
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$25.94
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; BingX: live order book, 7 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, 2 min ago	2.31 bp	9.9 bp −$10	13.6 bp −$136	33.9 bp −$3,392	doesn't fit
Sell BingX live order book, 7 min ago	0.10 bp	5.1 bp −$5	6.0 bp −$60	6.4 bp −$637	16.5 bp −$8,234

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	−0.3089%	1h	1,474.7	+0.343%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0262%	1h	1,470.1	+0.029%	$399K	$516K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,469.9	+0.013%	$17.9M	$44.3M	25x	as long as short
Bybit ZECUSDT	−0.0110%	8h	1,469.3	−0.027%	$274.7M	$654.9M	75x	as long as short
BloFin ZEC-USDT	−0.0102%	8h	1,469.8	+0.006%	$29.6M	$75.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,469.9	+0.018%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0051%	8h	1,469.5	−0.013%	$47.0M	$33.7M	—	as long as short
ApeX Omni ZECUSDT	−0.0037%	1h	1,472.7	+0.208%	$432K	$832K	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,469.8	+0.007%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.4	+0.184%	$901K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,470.9	+0.084%	$84K	$404K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,470.8	+0.076%	$613K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470.5	+0.054%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0012%	8h	1,470.1	+0.030%	$294K	$1.4M	20x	as long as short
01 Exchange ZECUSD	+0.0016%	1h	1,470.8	+0.078%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.2	+0.240%	$4.7M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0036%	8h	1,469.8	+0.009%	$180.6M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0044%	8h	1,470.4	+0.048%	$50.7M	$186.3M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0010%	1h	1,470.4	+0.051%	$371K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,472.1	+0.166%	$19.1M	$52.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,470.5	+0.056%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,469.7	−0.001%	$13K	$834K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,470.2	+0.038%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470.7	+0.071%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,471.6	+0.129%	$762.6M	$474.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,470.2	+0.035%	$15.0M	$32.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,470.9	+0.085%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,470.4	+0.047%	$683.6M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,472.3	+0.176%	$721K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,473.1	+0.231%	$909K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,470.5	+0.056%	$232.3M	$837.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,470.4	+0.052%	$103.5M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470.1	+0.027%	$162.8M	$302.0M	75x	as long as short
BingX ZEC-USDTshort	+0.0100%	8h	1,470.4	+0.052%	—	$102.6M	—
edgeX ZECUSDC	+0.0100%	4h	1,471.8	+0.143%	$514K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,471.6	+0.132%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.5	+0.055%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,470.4	+0.050%	$344K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,470.3	+0.046%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.6	−0.076%	$448K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472.7	+0.208%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.8	+0.007%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDTlong	+0.0100%	8h	1,469.7	long leg	$2.5M	$23.1M	75x
Phemex ZECUSDT	+0.0100%	8h	1,470.5	+0.054%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470.9	+0.082%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,470.2	+0.036%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,471.3	+0.109%	$825K	$1.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0422%	1h	1,470.5	+0.057%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,472.3	+0.176%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0488%	1h	1,472.5	+0.191%	$2.0M	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0700%	1h	1,472	+0.159%	$46K	$47K	10x	as long as short