Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Binance against SunX−0.188%46s7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1291.292% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.282%−$28 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.188%, 7d avg −0.106%

Together, before fees−0.145%−$14 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: Binance is 0.082% cheaper against SunX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.106%. The two prices were read 46 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	SunX ZEC-USDT	1,466.6	0.0100	pay 0.0100% / 8h	2h 42m	$3K	$1.1M	20x
Short	Binance ZECUSDT	1,463.8	0.0100	get 0.0100% / 8h	2h 42m	$675.3M	$2.16B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −0.188%Rate

Funding earned: $0
Price spread: −0.188% → −0.106%: −$8.21
Slippage, 4 orders: −$111.2
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$137.42
Costs to cover: 1.292%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; Binance: live order book, 17 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 SunX live order book, 11 min ago	29.06 bp	50.0 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 17 min ago	0.03 bp	6.1 bp −$6	6.8 bp −$68	13.4 bp −$1,337	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	1,463.2	−0.233%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,463.6	−0.200%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0068%	8h	1,464.7	−0.130%	$29.9M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,463.7	−0.198%	$407K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,465	−0.108%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,463.6	−0.202%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,464.2	−0.162%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,463.8	−0.190%	$8K	$7K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0046%	1h	1,465.3	−0.086%	$617K	$1.3M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,464.5	−0.141%	$293K	$902K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0090%	8h	1,464.3	−0.159%	$261.2M	$588.4M	75x	as long as short
Phoenix ZEC	+0.0092%	1h	1,464.1	−0.170%	$4.7M	$1.3M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0094% / S −0.0048%	1h	1,463.9	−0.183%	$436K	—	100x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,465.1	−0.099%	$2.1M	$7.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,463.7	−0.195%	$174K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,463.3	−0.227%	$13K	$811K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,463.4	−0.220%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,464.4	−0.150%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,465.1	−0.101%	$762.6M	$419.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,463.8	−0.187%	$14.4M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,463.7	−0.199%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDTshort	+0.0100%	8h	1,463.8	−0.188%	$675.3M	$2.16B	75x
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,464.4	−0.147%	$178.1M	$1.20B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,462.5	−0.278%	$397K	$429K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,462.7	−0.266%	$884K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,463.5	−0.213%	$52.7M	$170.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,463.5	−0.213%	$218.3M	$759.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,464	−0.179%	$103.2M	$52.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,464.9	−0.115%	$165.9M	$267.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,462.9	−0.248%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,462.5	−0.277%	$48.0M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,464.4	−0.149%	$571K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,463.1	−0.237%	$3.0M	$467K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,463.4	−0.219%	$405K	$924K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462.8	−0.256%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,464.4	−0.149%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.8	−0.187%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,463.5	−0.207%	$447K	$506K	6.7x	as long as short
SunX ZEC-USDTlong	+0.0100%	8h	1,466.6	long leg	$3K	$1.1M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,464.4	−0.147%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,463	−0.241%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,465	−0.109%	$3.9M	$4.7M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,463.4	−0.215%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,464.5	−0.143%	$47K	$151K	20x	as long as short
Lighter ZEC	+0.0112%	1h	1,464.9	−0.112%	$19.3M	$43.8M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0147%	1h	1,464.2	−0.163%	$18.0M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,464.1	−0.171%	$926K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0282%	1h	1,465	−0.111%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,465.2	−0.091%	$3.7M	$9.2M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,465.4	−0.082%	$669K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0677%	1h	1,464.7	−0.126%	$45K	$49K	10x	as long as short