Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.009%

Price spread now: MEXC against Aevo−0.058%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on Aevo Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 4 days (all we have)−1.320%−$132 · spread now −0.058%, 7d avg −0.004%

Together, before fees−1.466%−$147 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 0.054% cheaper against Aevo than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZEC-PERP	1,512.5	0.0104	pay 0.0013% / 1h	41m 52s	$45K	$153K	20x
Short	MEXC ZEC_USDT	1,511.6	0.0100	get 0.0100% / 8h	7h 41m	$407.1M	$830.8M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Aevo. 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 AevobpFee MEXCbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$0.84
Price spread: −0.058% → −0.004%: −$5.4
Slippage, 4 orders: −$29.11
Fee Aevo: 8 bp × 2 orders: −$16
Fee MEXC: 0 bp × 2 orders: $0
Net: −$51.35
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from Aevo: live order book, 57 min ago; MEXC: live order book, 2 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 Aevo live order book, 57 min ago	6.99 bp	16.7 bp −$17	23.9 bp −$239	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.03 bp	0.0 bp $0	3.6 bp −$36	28.2 bp −$2,823	70.2 bp −$35.1K

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	−0.3702%	1h	1,500.6	−0.787%	$37K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,513	+0.035%	$62K	$305K	10x	as long as short
BloFin ZEC-USDT	−0.0157%	8h	1,514.5	+0.133%	$31.7M	$77.1M	75x	as long as short
Aftermath Perps ZECUSD	−0.0140%	1h	1,514.1	+0.108%	$48K	$58K	10x	as long as short
Bulk ZEC-USD	−0.0101%	1h	1,517.9	+0.356%	$781K	$147K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,512.2	−0.024%	$6K	$1K	10x	as long as short
ApeX Omni ZECUSDT	−0.0022%	1h	1,512.6	+0.008%	$415K	$952K	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,513.5	+0.065%	$420K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,514.2	+0.111%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,512.5	+0.001%	$5.4M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,512.9	+0.025%	$18.4M	$47.8M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,513.6	+0.071%	$8K	$6K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0072%	1h	1,513.2	+0.045%	$693K	$1.4M	25x	as long as short
Gate ZEC_USDT	+0.0078%	8h	1,511.3	−0.079%	$60.4M	$184.0M	75x	as long as short
Phoenix ZEC	+0.0082%	1h	1,512.4	−0.006%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,512.3	−0.018%	$305K	$861K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,513.2	+0.046%	$19.6M	$44.7M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,513.5	+0.064%	$2.1M	$7.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,513.2	+0.045%	$172K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,514.1	+0.104%	$62K	$19K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,513	+0.034%	$16K	$902K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,513.6	+0.074%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,512.2	−0.018%	$791.7M	$449.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,511.1	−0.097%	$14.2M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,514.2	+0.113%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,511.5	−0.067%	$714.6M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,510.8	−0.111%	$271.7M	$624.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,511.2	−0.088%	$185.1M	$1.38B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,511.6	−0.061%	$413K	$546K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,514.1	+0.105%	$599K	$9.0M	10x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,511.6	−0.058%	$407.1M	$830.8M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,511.4	−0.077%	$103.3M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,511.4	−0.074%	$163.8M	$295.2M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,511	−0.102%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,515.2	+0.174%	$50.2M	$36.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,512.9	+0.022%	$558K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,512.3	−0.012%	$3.1M	$530K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,514.1	+0.105%	$51K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,513.6	+0.072%	$376K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,512.7	+0.013%	$169K	$194K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,511.3	−0.080%	$451K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,516.6	+0.270%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,512.6	+0.008%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,512.8	+0.019%	$2.7M	$21.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,512.9	+0.025%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,511.5	−0.066%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERPlong	+0.0104%	1h	1,512.5	long leg	$45K	$153K	20x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0156% / S −0.0159%	1h	1,512.2	−0.022%	$336K	—	100x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,513.6	+0.071%	$965K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,513.5	+0.065%	$3.8M	$10.0M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0508%	1h	1,512.7	+0.010%	$2.4M	$3.7M	15x	as long as short