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: MEXC against SunX−0.151%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1161.164% of the position

Long on SunX Short on MEXC

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)+0.192%+$19 · spread now −0.151%, 7d avg −0.108%

Together, before fees−0.090%−$9 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 0.043% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEC-USDT	1,506.1	0.0100	pay 0.0100% / 8h	42m 40s	$3K	$1.2M	20x
Short	MEXC ZEC_USDT	1,503.8	0.0100	get 0.0100% / 8h	42m 40s	$240.9M	$792.5M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.151%Rate

Funding earned: $0
Price spread: −0.151% → −0.108%: −$4.3
Slippage, 4 orders: −$108.45
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$120.75
Costs to cover: 1.164%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; MEXC: live order book, 1 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	29.00 bp	49.0 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.03 bp	0.0 bp $0	0.3 bp −$3	24.5 bp −$2,451	70.6 bp −$35.3K

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	−0.3442%	1h	1,495.7	−0.689%	$37K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,504.1	−0.133%	$62K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0174%	8h	1,505.7	−0.022%	$31.0M	$75.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,502.2	−0.254%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0060%	1h	1,499.4	−0.442%	$48K	$59K	10x	as long as short
Bulk ZEC-USD	−0.0053%	1h	1,497	−0.601%	$904K	$2K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,504.2	−0.126%	$418K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,505.2	−0.059%	$1.5M	$4.4M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,504.1	−0.133%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,505.3	−0.054%	$18.1M	$46.7M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	+0.0012%	1h	1,505	−0.071%	$687K	$1.4M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,503.6	−0.161%	$303K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,502.4	−0.242%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,505	−0.071%	$176K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,505.4	−0.042%	$14K	$878K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,503.7	−0.158%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,505.4	−0.046%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,505	−0.071%	$786.6M	$445.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,503.4	−0.180%	$14.1M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,504	−0.137%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,503.8	−0.151%	$702.7M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,503.3	−0.185%	$270.8M	$624.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,503.7	−0.160%	$183.3M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,502.8	−0.217%	$410K	$563K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,503.9	−0.145%	$56.2M	$183.0M	75x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,503.8	−0.151%	$240.9M	$792.5M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,503.9	−0.142%	$103.6M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,503.8	−0.151%	$162.4M	$289.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,503.6	−0.163%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.5	−0.303%	$49.0M	$34.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,499.2	−0.455%	$574K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,500.8	−0.347%	$3.1M	$507K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,499.8	−0.418%	$413K	$945K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,503.3	−0.182%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,504.5	−0.104%	$360K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,503.9	−0.146%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,503	−0.204%	$459K	$500K	6.7x	as long as short
SunX ZEC-USDTlong	+0.0100%	8h	1,506.1	long leg	$3K	$1.2M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,504.6	−0.101%	$256K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,503.8	−0.151%	$2.7M	$20.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,505.4	−0.046%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,504.4	−0.112%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,503.7	−0.154%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,505.5	−0.041%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,505.2	−0.061%	$946K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0144%	1h	1,505.3	−0.054%	$2.1M	$7.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0160% / S −0.0195%	1h	1,503.9	−0.147%	$438K	—	100x	as long as short
Lighter ZEC	+0.0224%	1h	1,505.2	−0.056%	$19.8M	$45.2M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,504.7	−0.093%	$606K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,506	−0.004%	$3.7M	$10.2M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0531%	1h	1,506	−0.008%	$2.4M	$3.9M	15x	as long as short