Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.002%

Price spread now: BingX against 01 Exchange−0.169%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.169% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.169% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 11 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ZECUSD	1,454	0.0048	pay 0.0006% / 1h	54m 18s	$8K	$8K	5x
Short	BingX ZEC-USDC	1,451.5	0.0100	get 0.0100% / 8h	2h 54m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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 01 ExchangebpFee BingXbpOrdersPrice spread, now −0.169%Rate

Funding earned: $10.92
Price spread: −0.169% → 0.000%: −$16.92
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$23
Costs to cover: 0.170%
Break-even: 21.7 days

Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 13 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell BingX live order book, 13 min ago	1.17 bp	9.3 bp −$9	16.2 bp −$162	33.2 bp −$3,316	82.8 bp −$41.4K

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,437.6	−1.125%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,451	−0.207%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,450.7	−0.227%	$17.6M	$44.7M	25x	as long as short
BloFin ZEC-USDT	−0.0065%	8h	1,454.9	+0.066%	$29.2M	$76.1M	75x	as long as short
Variational Omni ZEC	−0.0034%	8h	1,451.4	−0.177%	$45.5M	$32.3M	—	as long as short
Bybit ZECUSDT	−0.0015%	8h	1,450.3	−0.254%	$268.6M	$678.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451.4	−0.173%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,454.2	+0.014%	$848K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,450.9	−0.214%	$82K	$400K	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0006%	8h	1,450.7	−0.226%	$291K	$1.5M	20x	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	1,451.2	−0.187%	$5.1M	—	150x	as long as short
OKX ZEC-USDT-SWAP	+0.0035%	8h	1,450.8	−0.215%	$171.9M	$1.36B	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0041% / S +0.0062%	1h	1,451	−0.202%	$535K	—	100x	as long as short
Phoenix ZEC	+0.0045%	1h	1,450.4	−0.247%	$4.6M	$1.6M	10x	as long as short
01 Exchange ZECUSDlong	+0.0048%	1h	1,454	long leg	$8K	$8K	5x
Aster ZECUSDT	+0.0054%	8h	1,450.5	−0.239%	$15.1M	$35.3M	75x	as long as short
Gate ZEC_USDT	+0.0061%	8h	1,451.1	−0.200%	$49.2M	$185.0M	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0078%	1h	1,449.9	−0.279%	$393K	$522K	5x	as long as short
Polymarket Perps ZEC-USD	+0.0086%	1h	1,450.3	−0.252%	$298K	$2.1M	10x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,450.4	−0.243%	$17K	$886K	10x	as long as short
MEXC ZEC_USDT	+0.0095%	8h	1,451.1	−0.199%	$220.3M	$879.1M	150x	as long as short
Binance ZECUSDT	+0.0096%	8h	1,450.9	−0.212%	$658.1M	$2.55B	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,450.1	−0.263%	$177K	$2.0M	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0098%	1h	1,451.8	−0.147%	$565K	$1.3M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,450.5	−0.235%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,451.5	−0.168%	$3.0M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,451.2	−0.190%	$751.4M	$491.4M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,451.3	−0.180%	$1.6M	$3.1M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454.9	+0.064%	$896K	$37K	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,449.9	−0.282%	$103.5M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,450.6	−0.230%	$161.7M	$317.2M	75x	as long as short
BingX ZEC-USDCshort	+0.0100%	8h	1,451.5	−0.169%	—	$6.8M	—
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,456.3	+0.160%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,450.9	−0.212%	$487K	$9.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.2	−0.118%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,450.5	−0.237%	$705K	$604K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,455.2	+0.085%	$109K	$4.8M	30x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,451	−0.202%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,449.6	−0.302%	$441K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,454.2	+0.016%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,451	−0.206%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,450.7	−0.223%	$2.4M	$25.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,450.9	−0.210%	$3.7M	$5.5M	50x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,450.5	−0.237%	$36K	$362K	20x	as long as short
Lighter ZEC	+0.0112%	1h	1,452.5	−0.102%	$18.8M	$53.6M	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,451	−0.203%	$861K	$2.5M	10x	as long as short
Extended ZEC-USD	+0.0376%	1h	1,450.8	−0.214%	$3.3M	$7.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,453	−0.066%	$3.7M	$11.5M	50x	as long as short
Aftermath Perps ZECUSD	+0.0464%	1h	1,453.5	−0.030%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,452.9	−0.070%	$752K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0624%	1h	1,453.2	−0.052%	$2.0M	$8.4M	10x	as long as short