Funding arb · Price arb /

ZEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0526%/8h= +57.6% APRpaid last 24h +0.039%

Price spread now: Arcus against MEXC+0.174%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$3as in the Price arb table

costs, in and out, $10k−$100.100% of the position

Long on MEXC Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.093%+$9 on $10k

Price spread, last 7 days−0.096%−$10 · spread now +0.174%, 7d avg +0.041%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Arcus is 0.132% dearer against MEXC than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.041%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.093% in total (about 9.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZEC_USDT	1,446.2	0.0100	pay 0.0100% / 8h	4h 49m	$214.0M	$767.9M	150x
Short	Arcus ZEC-USD	1,448.7	0.0626	get 0.0078% / 1h	49m 28s	$731K	$8.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against MEXC. 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 MEXCbpFee ArcusbpOrdersPrice spread, now +0.174%Rate

Funding earned: $110.39
Price spread: +0.174% → +0.041%: $13.24
Slippage, 4 orders: −$5.47
Fee MEXC: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $113.65
Costs to cover: 0.100%
Break-even: from the start

Slippage from MEXC: live order book, 5 min ago; Arcus: 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 MEXC live order book, 5 min ago	0.03 bp	0.1 bp $0	0.3 bp −$3	37.7 bp −$3,773	69.7 bp −$34.8K
Sell Arcus live order book, 5 min ago	0.57 bp	3.7 bp −$4	11.8 bp −$118	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	1,449.6	+0.232%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,448.7	+0.169%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0078%	8h	1,447.1	+0.058%	$29.2M	$70.3M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,447	+0.052%	$407K	$40K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,446.4	+0.015%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,448.6	+0.166%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,448.9	+0.185%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0058%	8h	1,448.3	+0.145%	$290K	$958K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0064% / S −0.0014%	1h	1,448.8	+0.180%	$407K	—	100x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,446.3	+0.003%	$7K	$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	1,446.2	−0.002%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,446.1	−0.009%	$10K	$874K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,446.4	+0.014%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,446.2	−0.004%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,447.5	+0.089%	$752.9M	$434.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,446.1	−0.005%	$14.4M	$27.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,446.6	+0.024%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,446.1	−0.008%	$663.3M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,445.8	−0.029%	$261.0M	$602.6M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,446.9	+0.047%	$176.8M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,448.7	+0.171%	$394K	$443K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,449.4	+0.222%	$876K	$23K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,446.1	−0.006%	$49.8M	$172.3M	75x	as long as short
MEXC ZEC_USDTlong	+0.0100%	8h	1,446.2	long leg	$214.0M	$767.9M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,446.2	+0.001%	$101.8M	$54.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,446.8	+0.041%	$164.2M	$273.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,445.7	−0.033%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,448.8	+0.179%	$2.5M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,447.2	+0.064%	$47.4M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,449.2	+0.209%	$564K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,448.8	+0.177%	$3.0M	$424K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,447.1	+0.058%	$405K	$916K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,448.4	+0.149%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,446.1	−0.008%	$364K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,448.5	+0.158%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,447.4	+0.081%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,451.3	+0.353%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,448.1	+0.128%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,447.5	+0.087%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,448.3	+0.143%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,445.9	−0.024%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,448	+0.120%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,448.9	+0.186%	$4.6M	$1.3M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0279%	1h	1,447.9	+0.114%	$17.9M	$44.8M	25x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0324%	1h	1,449.2	+0.205%	$608K	$1.3M	25x	as long as short
Lighter ZEC	+0.0368%	1h	1,447.7	+0.105%	$19.0M	$45.8M	20x	as long as short
Lighter RH ZEC	+0.0400%	1h	1,447.9	+0.115%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,446.7	+0.032%	$828K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,450.3	+0.280%	$3.7M	$8.9M	50x	as long as short
Arcus ZEC-USDshort	+0.0626%	1h	1,448.7	+0.174%	$731K	$8.3M	10x
Aftermath Perps ZECUSD	+0.0680%	1h	1,449.7	+0.241%	$44K	$49K	10x	as long as short