Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0090%/8h= −9.8% APRpaid last 24h −0.014%

Price spread now: MEXC against RISEx−0.030%7-day average −0.022% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$90.091% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.227%−$23 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.030%, 7d avg −0.022%

Together, before fees−0.196%−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ZEC/USDC	1,464.1	0.0190	pay 0.0024% / 1h	20m 24s	$841K	$1.3M	10x
Short	MEXC ZEC_USDT	1,463.7	0.0100	get 0.0100% / 8h	1h 20m	$221.6M	$866.1M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$18.84
Price spread: −0.030% → −0.022%: −$0.77
Slippage, 4 orders: −$3.14
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$28.75
Costs to cover: 0.091%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; MEXC: 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, 3 min ago	1.43 bp	4.4 bp −$4	8.1 bp −$81	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.14 bp	0.1 bp $0	0.5 bp −$5	1.6 bp −$159	59.1 bp −$29.6K

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	−0.3310%	1h	1,465.9	+0.120%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0405%	1h	1,464	−0.009%	$17.8M	$44.6M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0234%	1h	1,464.3	+0.012%	$397K	$514K	5x	as long as short
BloFin ZEC-USDT	−0.0087%	8h	1,463.4	−0.048%	$29.2M	$75.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,464.4	+0.018%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0064%	8h	1,464	−0.011%	$270.8M	$667.3M	75x	as long as short
Variational Omni ZEC	−0.0026%	8h	1,465.3	+0.083%	$46.6M	$33.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,464.2	+0.004%	$412K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,464	−0.007%	$884K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,464	−0.009%	$83K	$404K	10x	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	1,464.5	+0.026%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0012%	8h	1,464.4	+0.020%	$292K	$1.4M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0037% / S +0.0009%	1h	1,464.2	+0.004%	$355K	—	100x	as long as short
Gate ZEC_USDT	+0.0043%	8h	1,463.9	−0.013%	$49.8M	$186.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0048%	8h	1,464.2	+0.003%	$176.5M	$1.35B	50x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,464	−0.008%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,465	+0.060%	$4.6M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0082%	1h	1,467.6	+0.237%	$431K	$822K	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,463.1	−0.069%	$173K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,464.1	+0.001%	$14K	$832K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,463.8	−0.021%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,464.3	+0.011%	$2.5M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,464.6	+0.033%	$759.9M	$478.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,463.3	−0.057%	$15.6M	$32.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,464.7	+0.038%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,464.1	−0.001%	$674.5M	$2.48B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,463.9	−0.012%	$903K	$27K	10x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,463.7	−0.030%	$221.6M	$866.1M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,463.9	−0.017%	$103.5M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,463	−0.076%	$162.2M	$304.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,463.9	−0.014%	—	$102.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,467.7	+0.242%	$512K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.4	+0.224%	$3.0M	$481K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,464.7	+0.037%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,463.1	−0.070%	$343K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.9	−0.018%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.1	−0.138%	$447K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,465.9	+0.118%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,463.6	−0.036%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,462.9	−0.087%	$2.5M	$23.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,464.2	+0.003%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,463.9	−0.015%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,463.4	−0.048%	$36K	$366K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0108%	1h	1,464.4	+0.021%	$596K	$1.3M	25x	as long as short
Lighter ZEC	+0.0128%	1h	1,465.7	+0.105%	$19.0M	$52.7M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0178%	1h	1,464.6	+0.031%	$2.3M	$3.8M	15x	as long as short
RISEx ZEC/USDClong	+0.0190%	1h	1,464.1	long leg	$841K	$1.3M	10x
Lighter RH ZEC	+0.0392%	1h	1,466.1	+0.133%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,465	+0.061%	$3.7M	$11.5M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,465.1	+0.066%	$729K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0574%	1h	1,465.2	+0.071%	$41K	$34K	10x	as long as short