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: MEXC against HTX−0.064%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 3 days (all we have)−0.509%−$51 · spread now −0.064%, 7d avg +0.023%

Together, before fees−0.403%−$40 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 0.087% cheaper against HTX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZEC-USDT	1,446.2	0.0100	pay 0.0100% / 8h	2h 33m	$2.4M	$24.8M	75x
Short	MEXC ZEC_USDT	1,445.2	0.0100	get 0.0100% / 8h	2h 33m	$214.5M	$890.3M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → +0.023%: −$8.73
Slippage, 4 orders: −$7.95
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$28.68
Costs to cover: 0.199%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	3.65 bp	10.0 bp −$10	15.1 bp −$151	37.1 bp −$3,706	doesn't fit
Sell MEXC live order book, 5 min ago	0.03 bp	0.1 bp $0	1.0 bp −$10	47.4 bp −$4,741	73.9 bp −$37.0K

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	1,438.5	−0.529%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,448.8	+0.185%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,446.3	+0.010%	$17.6M	$44.3M	25x	as long as short
BloFin ZEC-USDT	−0.0066%	8h	1,450	+0.267%	$28.8M	$74.7M	75x	as long as short
Variational Omni ZEC	−0.0009%	8h	1,449.1	+0.204%	$45.6M	$32.2M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,445.1	−0.071%	$407K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,448.6	+0.167%	$905K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,448	+0.127%	$82K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,446.7	+0.039%	$589K	$1.3M	25x	as long as short
Bybit ZECUSDT	+0.0005%	8h	1,444.8	−0.097%	$266.5M	$676.1M	75x	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	1,447.8	+0.112%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,446.5	+0.021%	$290K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0030% / S +0.0070%	1h	1,447.6	+0.096%	$542K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0054%	8h	1,445.5	−0.049%	$170.9M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0070%	8h	1,444.3	−0.130%	$49.4M	$187.4M	75x	as long as short
Aster ZECUSDT	+0.0076%	8h	1,445.2	−0.064%	$15.2M	$34.7M	75x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,448.5	+0.163%	$8K	$8K	5x	as long as short
Ondo Perps ZEC-USD.P	+0.0093%	1h	1,448.2	+0.141%	$394K	$518K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,448.1	+0.134%	$13K	$871K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,446.5	+0.021%	$18.7M	$54.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,447.9	+0.122%	$177K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,446	−0.012%	$59K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,448.7	+0.174%	$3.0M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,445	−0.080%	$747.3M	$492.8M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,445.5	−0.048%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,445.2	−0.065%	$657.7M	$2.53B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,452.5	+0.438%	$895K	$33K	10x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,445.2	−0.064%	$214.5M	$890.3M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,444.5	−0.112%	$103.1M	$56.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,444.5	−0.115%	$160.1M	$313.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,444.5	−0.117%	—	$105.5M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,445.9	−0.015%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,450.9	+0.328%	$487K	$9.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,450.3	+0.284%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,451.4	+0.363%	$706K	$607K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.2	+0.281%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,447.6	+0.100%	$297K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,447.5	+0.093%	$126K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,445.1	−0.076%	$439K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,447.9	+0.122%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,446.7	+0.035%	$220K	$4.8M	10x	as long as short
HTX ZEC-USDTlong	+0.0100%	8h	1,446.2	long leg	$2.4M	$24.8M	75x
Phemex ZECUSDT	+0.0100%	8h	1,446.1	−0.003%	$3.7M	$5.3M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.3	+0.427%	$4.6M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,444.7	−0.104%	$3.2M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,446.3	+0.011%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,448.8	+0.184%	$865K	$1.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,448.6	+0.169%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0444%	1h	1,451.1	+0.343%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,450.6	+0.305%	$756K	$7.9M	10x	as long as short
Lighter RH ZEC	+0.0696%	1h	1,446.9	+0.053%	$1.9M	$8.4M	10x	as long as short