Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0119%/8h= −13.0% APRpaid last 24h −0.016%

Price spread now: BingX against RISEx+0.003%7-day average −0.106% · 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−$16as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on RISEx Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.207%−$21 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.003%, 7d avg −0.106%

Together, before fees−0.238%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.109% dearer against RISEx than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.106%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ZEC/USDC	1,457.3	0.0219	pay 0.0027% / 1h	28m 41s	$870K	$1.9M	10x
Short	BingX ZEC-USDC	1,457.3	0.0100	get 0.0100% / 8h	2h 28m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against RISEx. 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 RISExbpFee BingXbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$24.98
Price spread: +0.003% → −0.106%: $10.91
Slippage, 4 orders: −$11.02
Fee RISEx: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$41.1
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; BingX: 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 RISEx live order book, 5 min ago	2.28 bp	5.3 bp −$5	11.1 bp −$111	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	0.41 bp	8.8 bp −$9	15.0 bp −$150	31.5 bp −$3,155	76.1 bp −$38.0K

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	1,433.1	−1.656%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0092%	8h	1,453.5	−0.261%	$29.0M	$75.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.1	−0.080%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,453.1	−0.287%	$17.7M	$44.7M	25x	as long as short
Variational Omni ZEC	−0.0001%	8h	1,443	−0.976%	$45.4M	$32.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457.9	+0.044%	$411K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,454.6	−0.182%	$913K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,453.5	−0.258%	$82K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0004%	1h	1,454.3	−0.200%	$592K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,453.5	−0.261%	$5.1M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0012%	8h	1,456.3	−0.067%	$268.1M	$675.6M	75x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,453.6	−0.251%	$291K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0027% / S +0.0072%	1h	1,453.1	−0.288%	$546K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0056%	8h	1,457	−0.016%	$172.7M	$1.36B	50x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,455.9	−0.096%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0079%	8h	1,457	−0.021%	$49.4M	$189.7M	75x	as long as short
Aster ZECUSDT	+0.0086%	8h	1,456.7	−0.038%	$15.4M	$34.6M	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,456.1	−0.079%	$13K	$873K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,458.2	+0.064%	$18.8M	$54.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,456.5	−0.056%	$173K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,456.6	−0.045%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,454.3	−0.202%	$2.4M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,457.4	+0.009%	$753.0M	$495.9M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457.4	+0.009%	$1.6M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,457.1	−0.014%	$664.2M	$2.53B	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,441.6	−1.075%	$392K	$516K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,445	−0.841%	$890K	$32K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,457.1	−0.013%	$218.4M	$893.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.3	+0.001%	$103.6M	$56.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,456.9	−0.024%	$161.3M	$313.2M	75x	as long as short
BingX ZEC-USDCshort	+0.0100%	8h	1,457.3	+0.003%	—	$6.8M	—
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,454.5	−0.193%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,444.1	−0.903%	$485K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,445.8	−0.789%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,445.6	−0.799%	$702K	$608K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.5	−0.468%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,452.9	−0.300%	$350K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,452.9	−0.297%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,452.1	−0.354%	$442K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,455.2	−0.141%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,453.3	−0.274%	$221K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,453.3	−0.269%	$2.4M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,453.9	−0.231%	$3.7M	$5.4M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.1	−0.357%	$4.5M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,457.3	+0.005%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,453.6	−0.255%	$36K	$362K	20x	as long as short
RISEx ZEC/USDClong	+0.0219%	1h	1,457.3	long leg	$870K	$1.9M	10x
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,455.4	−0.128%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0459%	1h	1,449.7	−0.522%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,458.7	+0.099%	$754K	$8.0M	10x	as long as short
Lighter RH ZEC	+0.0680%	1h	1,460.1	+0.192%	$2.0M	$8.5M	10x	as long as short