Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: BingX against SoDEX−0.111%55s7-day average −0.069% · 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—prices read too far apart to compare

costs, in and out, $10k−$290.294% of the position

Long on SoDEX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.140%−$14 · spread now −0.111%, 7d avg −0.069%

Together, before fees−0.132%−$13 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: BingX is 0.042% cheaper against SoDEX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.069%. The two prices were read 55 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	SoDEX ZEC-USD	1,474.2	0.0100	pay 0.0013% / 1h	24m 25s	$243K	$3.7M	10x
Short	BingX ZEC-USDC	1,472.6	0.0100	get 0.0100% / 8h	6h 24m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SoDEX. 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 SoDEXbpFee BingXbpOrdersPrice spread, now −0.111%Rate

Funding earned: $0
Price spread: −0.111% → −0.069%: −$4.18
Slippage, 4 orders: −$11.44
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$33.62
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; BingX: live order book, 8 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 SoDEX live order book, 5 min ago	0.24 bp	4.7 bp −$5	12.6 bp −$126	104.0 bp −$10.4K	doesn't fit
Sell BingX live order book, 8 min ago	1.15 bp	8.7 bp −$9	12.9 bp −$129	30.2 bp −$3,015	77.1 bp −$38.5K

ZEC on 50 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	−0.3678%	1h	1,459.3	−1.011%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.4	−0.056%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0029%	1h	1,474.1	−0.007%	$400K	$518K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,474.9	+0.046%	$18.1M	$43.7M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.2	−0.065%	$415K	$54K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,475.3	+0.075%	$976K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473	−0.083%	$84K	$254K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.6	−0.108%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0028%	8h	1,472.7	−0.102%	$294K	$1.0M	20x	as long as short
Variational Omni ZEC	+0.0048%	8h	1,474.4	+0.015%	$48.1M	$32.8M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,472.6	−0.109%	$385K	—	100x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,473.5	−0.048%	$8K	$9K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,476.1	+0.130%	$4.7M	$1.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,473	−0.084%	$173K	$1.8M	50x	as long as short
OKX ZEC-USDT-SWAP	+0.0097%	8h	1,472.7	−0.104%	$181.4M	$1.27B	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,472.7	−0.104%	$14K	$842K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.5	−0.047%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.9	−0.023%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.8	−0.027%	$767.2M	$442.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.7	−0.102%	$14.8M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,473.4	−0.054%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.7	−0.105%	$680.6M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,472.3	−0.127%	$271.4M	$617.5M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,476.6	+0.161%	$896K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,472.4	−0.119%	$50.3M	$175.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.8	−0.096%	$216.3M	$800.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473.1	−0.077%	$103.6M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.7	−0.102%	$163.6M	$283.4M	75x	as long as short
BingX ZEC-USDCshort	+0.0100%	8h	1,472.6	−0.111%	—	$6.7M	—
edgeX ZECUSDC	+0.0100%	4h	1,475.3	+0.076%	$575K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,475	+0.057%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474	−0.012%	$429K	$907K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.2	−0.071%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.6	−0.109%	$346K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.6	−0.111%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,471.2	−0.206%	$458K	$511K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.2	+0.134%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USDlong	+0.0100%	1h	1,474.2	long leg	$243K	$3.7M	10x
HTX ZEC-USDT	+0.0100%	8h	1,472.7	−0.104%	$2.5M	$18.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.2	+0.001%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.8	−0.094%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.8	−0.095%	$48K	$162K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0151%	1h	1,474.3	+0.004%	$613K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,474.6	+0.027%	$688K	$8.6M	10x	as long as short
Lighter ZEC	+0.0272%	1h	1,474.7	+0.033%	$19.3M	$48.2M	20x	as long as short
Lighter RH ZEC	+0.0280%	1h	1,475.1	+0.062%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,473.8	−0.030%	$865K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,475.5	+0.088%	$3.6M	$9.4M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0493%	1h	1,475.2	+0.071%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0735%	1h	1,474.4	+0.015%	$44K	$46K	10x	as long as short