Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h +0.008%
Price spread now: Deribit against MEXC+0.024%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$190.186% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.139%+$14 on $10k
Price spread, last 4 days (all we have)+0.252%+$25 · spread now +0.024%, 7d avg +0.066%
Together, before fees+0.391%+$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.043% cheaper against MEXC than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.066%). If the spread goes back, that is −$4 on $10k: about 44 hours of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ZEC_USDT1,474.90.0100pay 0.0100% / 8h1h 36m$232.4M$781.5M150x
ShortDeribit ZEC_USDC-PERPETUAL1,475.20.0178get 0.0022% / 1h36m 04s$674K$1.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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

Funding earned
$16.33
Price spread: +0.024% → +0.066%
−$4.27
Slippage, 4 orders
−$11.56
Fee MEXC: 0 bp × 2 orders
$0
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$6.5
Costs to cover
0.186%
Break-even
9.8 days
Slippage from MEXC: live order book, 3 min ago; Deribit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago0.03 bp0.2 bp $00.4 bp −$441.4 bp −$4,14374.1 bp −$37.1K
Sell Deribit live order book, 3 min ago4.77 bp9.3 bp −$915.2 bp −$152doesn't fitdoesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3684%1h1,477.1+0.151%$34K$273K12xas long as short
BloFin ZEC-USDT−0.0125%8h1,476.2+0.092%$30.4M$73.6M75xas long as short
Bulk ZEC-USD−0.0118%1h1,480.8+0.403%$895K$15K10xas long as short
Kraken Futures PF_ZECUSD−0.0097%1h1,474.5−0.025%$17.8M$47.1M25xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,476.4+0.103%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,475+0.011%$410K$35K5xas long as short
Kalshi KXZECPERP0.0000%8h1,475.6+0.050%$1.5M$4.6M2.2xas long as short
Perpl ZEC0.0000%43m1,474.1−0.055%$64K$301K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,474.7−0.011%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0076%8h1,474.5−0.028%$297K$1.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,475+0.005%$161K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0098%8h1,474.5−0.023%$13K$866K10xas long as short
Nado ZEC-PERP+0.0100%1h1,475+0.005%$2.7M$7.0M10xas long as short
Aster ZECUSDT+0.0100%8h1,474.1−0.053%$13.8M$31.0M75xas long as short
Pacifica ZEC+0.0100%1h1,475.3+0.028%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,474.6−0.018%$687.3M$2.30B75xas long as short
Bybit ZECUSDT+0.0100%8h1,474.4−0.031%$265.1M$631.6M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,474.4−0.030%$178.5M$1.31B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,481.9+0.476%$403K$510K5xas long as short
Gate ZEC_USDT+0.0100%8h1,474.5−0.024%$54.0M$182.3M75xas long as short
MEXC ZEC_USDTlong+0.0100%8h1,474.9long leg$232.4M$781.5M150x
KuCoin ZECUSDTM+0.0100%8h1,474.8−0.004%$100.9M$57.4M75xas long as short
Bitget ZECUSDT+0.0100%8h1,474.8−0.004%$158.7M$288.6M75xas long as short
BingX ZEC-USDT+0.0100%8h1,474.9−0.001%$115.2Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,475.1+0.018%$2.3M$3.9M15xas long as short
Variational Omni ZEC+0.0100%8h1,484.9+0.678%$48.5M$33.9Mas long as short
edgeX ZECUSDC+0.0100%4h1,479+0.278%$565K$8.9M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,484.3+0.640%$3.0M$488K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,485+0.689%$409K$934K50xas long as short
StandX ZEC-USD+0.0100%1h1,476.7+0.122%$56K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,474.2−0.046%$356K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,474.8−0.006%$162K$184K20xas long as short
Derive ZEC-PERP+0.0100%1h1,478+0.211%$451K$500K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,477+0.143%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,474.8−0.008%$251K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,475.8+0.065%$2.6M$19.7M75xas long as short
Phemex ZECUSDT+0.0100%8h1,475+0.011%$3.9M$5.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,475.5+0.043%$61K$43K10xas long as short
Extended ZEC-USD+0.0104%1h1,474.7−0.012%$2.7M$8.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,474.6−0.019%$42K$152K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0128% / S −0.0120%1h1,474.4−0.032%$427K100xas long as short
RISEx ZEC/USDC+0.0129%1h1,474.7−0.010%$922K$1.1M10xas long as short
Aftermath Perps ZECUSD+0.0129%1h1,479.5+0.315%$47K$64K10xas long as short
Phoenix ZEC+0.0134%1h1,478.6+0.254%$4.7M$1.4M10xas long as short
01 Exchange ZECUSD+0.0144%1h1,475.5+0.041%$8K$7K5xas long as short
Deribit ZEC_USDC-PERPETUALshort+0.0178%1h1,475.2+0.024%$674K$1.4M25x
Arcus ZEC-USD+0.0221%1h1,477.1+0.152%$636K$8.6M10xas long as short
Hyperliquid ZEC+0.0223%1h1,476.1+0.083%$766.5M$441.5M10xas long as short
Lighter RH ZEC+0.0264%1h1,476.5+0.106%$2.1M$7.4M10xas long as short
Lighter ZEC+0.0288%1h1,476.4+0.103%$19.4M$45.7M20xas long as short
Coinbase International ZEC-PERP-INTX+0.0480%1h1,476.9+0.140%$3.6M$10.0M50xas long as short