Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0378%/8h= −41.4% APRpaid last 24h −0.168%

Price spread now: BingX against Aftermath Perps+0.037%47s7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps 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

The price spread pays, funding is against you. BingX is 0.037% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 47 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	Aftermath Perps ZECUSD	1,458.3	0.0478	pay 0.0060% / 1h	9m 37s	$40K	$34K	10x
Short	BingX ZEC-USDT	1,458.9	0.0100	get 0.0100% / 8h	2h 09m	—	$101.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aftermath Perps. 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 Aftermath PerpsbpFee BingXbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$79.31
Price spread: +0.037% → 0.000%: $3.72
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$94.59
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; BingX: live order book, 14 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell BingX live order book, 14 min ago	0.07 bp	7.9 bp −$8	11.1 bp −$111	16.1 bp −$1,613	26.1 bp −$13.0K

Aftermath Perps: 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	1,433.1	−1.728%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0086%	8h	1,456.8	−0.105%	$28.8M	$75.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,457.5	−0.055%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,458.4	+0.006%	$17.7M	$44.7M	25x	as long as short
Bybit ZECUSDT	−0.0020%	8h	1,458.2	−0.008%	$269.2M	$677.2M	75x	as long as short
Variational Omni ZEC	−0.0004%	8h	1,455.9	−0.166%	$45.6M	$33.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,458.4	+0.005%	$411K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,458.9	+0.040%	$934K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,458.6	+0.020%	$83K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,459.5	+0.080%	$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	+0.058%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0016%	8h	1,458.5	+0.010%	$292K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0017% / S +0.0074%	1h	1,459	+0.043%	$558K	—	100x	as long as short
Ondo Perps ZEC-USD.P	+0.0035%	1h	1,455.9	−0.168%	$395K	$514K	5x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,459.3	+0.068%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0058%	8h	1,459.2	+0.055%	$174.2M	$1.36B	50x	as long as short
Gate ZEC_USDT	+0.0062%	8h	1,458.6	+0.020%	$49.3M	$191.1M	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,459.1	+0.052%	$15K	$865K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,460.5	+0.151%	$18.9M	$54.7M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,459.1	+0.051%	$173K	$2.0M	50x	as long as short
Aster ZECUSDT	+0.0098%	8h	1,458.9	+0.041%	$15.4M	$33.9M	75x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,459	+0.045%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,458.8	+0.031%	$2.5M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,459.8	+0.100%	$755.1M	$493.3M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,459.5	+0.081%	$1.6M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,459	+0.045%	$666.2M	$2.53B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,459	+0.045%	$219.0M	$899.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,459	+0.041%	$103.2M	$57.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,459	+0.043%	$161.5M	$312.2M	75x	as long as short
BingX ZEC-USDTshort	+0.0100%	8h	1,458.9	+0.037%	—	$101.6M	—
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,459.4	+0.071%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,457.1	−0.087%	$489K	$9.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,458.5	+0.011%	$3.0M	$492K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,458	−0.027%	$428K	$814K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,457.6	−0.049%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,459	+0.045%	$344K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,458.6	+0.017%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.4	−0.134%	$445K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,460.7	+0.163%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,458.6	+0.017%	$221K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,459	+0.045%	$2.4M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,458.8	+0.029%	$3.8M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,456.7	−0.113%	$897K	$26K	10x	as long as short
Phoenix ZEC	+0.0103%	1h	1,458.5	+0.013%	$4.6M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,459.5	+0.078%	$3.3M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,458.7	+0.023%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,459.7	+0.092%	$847K	$1.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,461	+0.181%	$3.7M	$11.6M	50x	as long as short
Aftermath Perps ZECUSDlong	+0.0478%	1h	1,458.3	long leg	$40K	$34K	10x
Arcus ZEC-USD	+0.0518%	1h	1,460.1	+0.121%	$746K	$8.0M	10x	as long as short
Lighter RH ZEC	+0.0592%	1h	1,461	+0.182%	$2.0M	$8.5M	10x	as long as short