Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: Nado against MEXC+0.435%51s7-day average +0.035% · 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—prices read too far apart to compare

costs, in and out, $10k−$130.127% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.039%+$4 on $10k

Price spread, last 7 days−0.399%−$40 · spread now +0.435%, 7d avg +0.035%

Together, before fees−0.360%+ Points / potential airdropNado: Active · farm board−$36 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: Nado is 0.400% dearer against MEXC than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of +0.035%. The two prices were read 51 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	MEXC ZEC_USDT	1,513	0.0100	pay 0.0100% / 8h	2h 15m	$230.8M	$776.7M	150x
Short	Nado ZEC-PERP	1,519.5	0.0100	get 0.0012% / 1h	15m 31s	$2.9M	$6.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.435%Rate

Funding earned: $0
Price spread: +0.435% → +0.035%: $40.02
Slippage, 4 orders: −$5.67
Fee MEXC: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $27.35
Costs to cover: 0.127%
Break-even: from the start

Slippage from MEXC: live order book, 4 min ago; Nado: live order book, 4 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, 4 min ago	0.03 bp	0.0 bp $0	0.1 bp −$1	28.1 bp −$2,806	73.3 bp −$36.7K
Sell Nado live order book, 4 min ago	0.90 bp	6.4 bp −$6	11.9 bp −$119	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	−0.3243%	1h	1,488.7	−1.606%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0149%	8h	1,515.1	+0.141%	$30.5M	$74.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,513.2	+0.013%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,512.6	−0.023%	$420K	$36K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,518.7	+0.377%	$1.7M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,519.2	+0.413%	$87K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,519.4	+0.422%	$5.4M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0066%	8h	1,516.5	+0.237%	$303K	$923K	20x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,512.7	−0.019%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0092%	1h	1,507.5	−0.364%	$4.8M	$1.3M	10x	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	1,512.4	−0.037%	$147K	$1.7M	50x	as long as short
Nado ZEC-PERPshort	+0.0100%	1h	1,519.5	+0.435%	$2.9M	$6.4M	10x
Hyperliquid ZEC	+0.0100%	1h	1,516.1	+0.208%	$792.8M	$434.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,512.8	−0.009%	$14.7M	$29.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,513.4	+0.029%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,512.4	−0.038%	$701.6M	$2.24B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,511	−0.132%	$277.0M	$616.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,511.7	−0.086%	$181.7M	$1.30B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,520.5	+0.498%	$411K	$494K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	−2.226%	$894K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,512.5	−0.028%	$54.5M	$178.7M	75x	as long as short
MEXC ZEC_USDTlong	+0.0100%	8h	1,513	long leg	$230.8M	$776.7M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,514.9	+0.128%	$104.4M	$54.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,512.2	−0.050%	$165.5M	$279.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,512.5	−0.031%	—	$114.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,519.3	+0.418%	$49.5M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,510.2	−0.184%	$577K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,505.9	−0.465%	$3.1M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,513	+0.003%	$419K	$928K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,512.2	−0.048%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,519.7	+0.445%	$373K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,518.6	+0.372%	$167K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,516.6	+0.243%	$463K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,519.3	+0.420%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,517.6	+0.305%	$251K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,516.6	+0.239%	$2.6M	$19.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,516	+0.202%	$4.0M	$4.9M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,512.1	−0.055%	$62K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,512.9	−0.001%	$14K	$847K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0104% / S −0.0076%	1h	1,519.1	+0.405%	$406K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,511.7	−0.082%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,517.8	+0.319%	$46K	$153K	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0142%	1h	1,517.7	+0.316%	$18.5M	$46.0M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,512.3	−0.042%	$944K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0176%	1h	1,513.9	+0.059%	$2.1M	$7.3M	10x	as long as short
Lighter ZEC	+0.0224%	1h	1,514.7	+0.115%	$19.8M	$45.3M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0339%	1h	1,518.5	+0.366%	$721K	$1.4M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0464%	1h	1,518.7	+0.378%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,519.8	+0.455%	$3.7M	$9.9M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,512.3	−0.041%	$598K	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0589%	1h	1,498.5	−0.958%	$51K	$60K	10x	as long as short