Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: MEXC against SoDEX+0.028%7-day average −0.008% · 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−$5as in the Price arb table

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

Long on SoDEX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 3 days (all we have)−0.713%−$71 · spread now +0.028%, 7d avg −0.008%

Together, before fees−0.725%−$73 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: MEXC is 0.036% dearer against SoDEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZEC-USD	1,458.6	0.0100	pay 0.0013% / 1h	9m 35s	$221K	$4.7M	10x
Short	MEXC ZEC_USDT	1,459	0.0100	get 0.0100% / 8h	2h 09m	$219.0M	$899.5M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → −0.008%: $3.64
Slippage, 4 orders: −$1.09
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$5.45
Costs to cover: 0.091%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; MEXC: live order book, 10 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, 4 min ago	0.03 bp	4.1 bp −$4	15.9 bp −$159	104.9 bp −$10.5K	doesn't fit
Sell MEXC live order book, 10 min ago	0.03 bp	0.6 bp −$1	9.8 bp −$98	45.4 bp −$4,541	72.4 bp −$36.2K

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	−1.745%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0086%	8h	1,456.8	−0.121%	$28.8M	$75.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,457.5	−0.072%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,458.4	−0.011%	$17.7M	$44.7M	25x	as long as short
Bybit ZECUSDT	−0.0020%	8h	1,458.2	−0.025%	$269.2M	$677.2M	75x	as long as short
Variational Omni ZEC	−0.0004%	8h	1,455.9	−0.182%	$45.6M	$33.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,458.4	−0.012%	$411K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,458.9	+0.023%	$934K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,458.6	+0.003%	$83K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,459.5	+0.064%	$594K	$1.3M	25x	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	1,459.2	+0.042%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0016%	8h	1,458.5	−0.006%	$292K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0017% / S +0.0074%	1h	1,459	+0.027%	$558K	—	100x	as long as short
Ondo Perps ZEC-USD.P	+0.0035%	1h	1,455.9	−0.184%	$395K	$514K	5x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,459.3	+0.051%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0058%	8h	1,459.2	+0.038%	$174.2M	$1.36B	50x	as long as short
Gate ZEC_USDT	+0.0062%	8h	1,458.6	+0.003%	$49.3M	$191.1M	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,459.1	+0.035%	$15K	$865K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,460.5	+0.134%	$18.9M	$54.7M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,459.1	+0.034%	$173K	$2.0M	50x	as long as short
Aster ZECUSDT	+0.0098%	8h	1,458.9	+0.024%	$15.4M	$33.9M	75x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,459	+0.028%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,458.8	+0.014%	$2.5M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,459.8	+0.083%	$755.1M	$493.3M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,459.5	+0.064%	$1.6M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,459	+0.028%	$666.2M	$2.53B	75x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,459	+0.028%	$219.0M	$899.5M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,459	+0.025%	$103.2M	$57.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,459	+0.026%	$161.5M	$312.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,458.9	+0.021%	—	$101.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,459.4	+0.055%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,457.1	−0.103%	$489K	$9.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,458.5	−0.005%	$3.0M	$492K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,458	−0.043%	$428K	$814K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,457.6	−0.066%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,459	+0.028%	$344K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,458.6	0.000%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.4	−0.151%	$445K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,460.7	+0.146%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USDlong	+0.0100%	1h	1,458.6	long leg	$221K	$4.7M	10x
HTX ZEC-USDT	+0.0100%	8h	1,459	+0.028%	$2.4M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,458.8	+0.012%	$3.8M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,456.7	−0.130%	$897K	$26K	10x	as long as short
Phoenix ZEC	+0.0103%	1h	1,458.5	−0.003%	$4.6M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,459.5	+0.061%	$3.3M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,458.7	+0.006%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,459.7	+0.075%	$847K	$1.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,461	+0.164%	$3.7M	$11.6M	50x	as long as short
Aftermath Perps ZECUSD	+0.0478%	1h	1,458.3	−0.017%	$40K	$34K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,460.1	+0.105%	$746K	$8.0M	10x	as long as short
Lighter RH ZEC	+0.0592%	1h	1,461	+0.165%	$2.0M	$8.5M	10x	as long as short