Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.054%

Price spread now: BingX against Arcus−0.080%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Arcus Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.097%−$10 on $10k

Price spread, last 7 days+0.002%$0 · spread now −0.080%, 7d avg −0.042%

Together, before fees−0.095%−$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: BingX is 0.038% cheaper against Arcus than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ZEC-USD	1,497.6	0.0100	pay 0.0013% / 1h	58m 32s	$607K	$8.7M	10x
Short	BingX ZEC-USDT	1,496.4	0.0100	get 0.0100% / 8h	6h 58m	—	$119.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Arcus. 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 ArcusbpFee BingXbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → −0.042%: −$3.83
Slippage, 4 orders: −$6.3
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$24.64
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from Arcus: live order book, 1 min ago; BingX: live order book, 6 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 Arcus live order book, 1 min ago	0.21 bp	3.7 bp −$4	7.7 bp −$77	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	0.13 bp	5.1 bp −$5	9.0 bp −$90	16.6 bp −$1,656	40.5 bp −$20.2K

ZEC on 50 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	−0.3772%	1h	1,478.9	−1.250%	$36K	$274K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,496.6	−0.069%	$61K	$306K	10x	as long as short
Aftermath Perps ZECUSD	−0.0237%	1h	1,498.6	+0.065%	$46K	$60K	10x	as long as short
BloFin ZEC-USDT	−0.0180%	8h	1,497	−0.046%	$31.5M	$75.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,497.2	−0.030%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,496.5	−0.076%	$413K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,497.4	−0.014%	$1.5M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,498	+0.023%	$5.3M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,496.5	−0.076%	$8K	$6K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0009%	1h	1,498.2	+0.040%	$18.3M	$47.4M	25x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZEC-USD.P	+0.0070%	1h	1,495.1	−0.170%	$407K	$529K	5x	as long as short
RISEx ZEC/USDC	+0.0077%	1h	1,496.3	−0.088%	$986K	$1.2M	10x	as long as short
Phoenix ZEC	+0.0082%	1h	1,499.6	+0.128%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,496.1	−0.104%	$302K	$860K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,497.6	−0.004%	$19.6M	$40.2M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,497.9	+0.020%	$2.1M	$7.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,496.3	−0.092%	$176K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,496.2	−0.095%	$62K	$16K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,496.4	−0.082%	$15K	$883K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,497.5	−0.009%	$3.1M	$7.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,497.6	−0.006%	$784.9M	$445.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,495.9	−0.115%	$14.0M	$29.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,496.9	−0.049%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,496.1	−0.100%	$706.1M	$2.27B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,495.6	−0.140%	$272.7M	$605.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,496.4	−0.082%	$185.8M	$1.34B	50x	as long as short
Arcus ZEC-USDlong	+0.0100%	1h	1,497.6	long leg	$607K	$8.7M	10x
Bulk ZEC-USD	+0.0100%	1h	1,501.6	+0.261%	$772K	$147K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,496.2	−0.096%	$60.4M	$180.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,496.8	−0.057%	$406.2M	$804.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,496.7	−0.065%	$102.5M	$55.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,496.3	−0.092%	$162.9M	$290.7M	75x	as long as short
BingX ZEC-USDTshort	+0.0100%	8h	1,496.4	−0.080%	—	$119.5M	—
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,497.4	−0.015%	$2.3M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,497	−0.041%	$49.5M	$35.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,498.7	+0.067%	$549K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,498.7	+0.072%	$3.1M	$562K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,498.3	+0.043%	$411K	$955K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,499.4	+0.118%	$50K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,496.5	−0.076%	$371K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,496.5	−0.077%	$167K	$190K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,499.2	+0.104%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,497.8	+0.008%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,497.4	−0.020%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,497	−0.043%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,496.2	−0.097%	$2.7M	$7.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,496.1	−0.103%	$43K	$157K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0167% / S −0.0166%	1h	1,498.9	+0.085%	$341K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0244%	1h	1,496.9	−0.051%	$685K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0336%	1h	1,499.9	+0.151%	$3.9M	$9.8M	50x	as long as short