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 −0.025%

Price spread now: Bybit against Binance+0.019%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.019%, 7d avg −0.002%

Together, before fees+0.123%+$12 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: Bybit is 0.021% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZECUSDT	1,474.2	0.0100	pay 0.0100% / 8h	6h 21m	$682.0M	$2.32B	75x
Short	Bybit ZECUSDT	1,474.5	0.0100	get 0.0100% / 8h	6h 21m	$272.1M	$617.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → −0.002%: $2.15
Slippage, 4 orders: −$2.53
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.38
Costs to cover: 0.235%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Bybit: 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 Binance live order book, 7 min ago	0.03 bp	5.0 bp −$5	6.2 bp −$62	14.6 bp −$1,460	doesn't fit
Sell Bybit live order book, 2 min ago	0.03 bp	6.8 bp −$7	9.2 bp −$92	17.1 bp −$1,705	doesn't fit

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	−0.3678%	1h	1,459.3	−1.012%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.6	−0.108%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0016%	1h	1,471.4	−0.191%	$400K	$517K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,474.4	+0.013%	$18.1M	$43.8M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,472.9	−0.086%	$415K	$54K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,475.6	+0.091%	$976K	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,474.1	−0.009%	$84K	$254K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.6	+0.026%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0028%	8h	1,474.1	−0.007%	$294K	$1.0M	20x	as long as short
Variational Omni ZEC	+0.0048%	8h	1,474.4	+0.014%	$48.1M	$32.8M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,474.4	+0.015%	$385K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,476.1	+0.129%	$4.7M	$1.5M	10x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,474.6	+0.028%	$8K	$9K	5x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,474.4	+0.010%	$173K	$1.8M	50x	as long as short
OKX ZEC-USDT-SWAP	+0.0097%	8h	1,474.7	+0.030%	$181.6M	$1.28B	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,473.8	−0.031%	$14K	$842K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,474.4	+0.015%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.5	−0.045%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,474.9	+0.047%	$767.8M	$442.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,473.7	−0.034%	$14.9M	$30.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,474.5	+0.023%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDTlong	+0.0100%	8h	1,474.2	long leg	$682.0M	$2.32B	75x
Bybit ZECUSDTshort	+0.0100%	8h	1,474.5	+0.019%	$272.1M	$617.1M	75x
Bulk ZEC-USD	+0.0100%	1h	1,476.6	+0.161%	$896K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,473.9	−0.024%	$50.3M	$176.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,474.2	−0.001%	$217.7M	$800.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,474.1	−0.010%	$103.6M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,473.8	−0.029%	$163.8M	$283.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,474.3	+0.004%	—	$100.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475.3	+0.076%	$575K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473.8	−0.031%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474.6	+0.024%	$429K	$898K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.1	−0.073%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474.4	+0.013%	$346K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,474.7	+0.031%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.8	−0.093%	$458K	$511K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.8	+0.178%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,474.1	−0.009%	$243K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,474.4	+0.009%	$2.5M	$18.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.2	+0.002%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,473.7	−0.033%	$3.2M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,474.1	−0.004%	$48K	$162K	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,475.4	+0.083%	$690K	$8.6M	10x	as long as short
Lighter ZEC	+0.0264%	1h	1,475.5	+0.089%	$19.3M	$48.2M	20x	as long as short
Lighter RH ZEC	+0.0288%	1h	1,475.8	+0.111%	$2.1M	$7.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0295%	1h	1,475	+0.056%	$614K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,474.9	+0.045%	$866K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,476.3	+0.141%	$3.6M	$9.4M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0483%	1h	1,474.5	+0.018%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0739%	1h	1,475.1	+0.057%	$44K	$46K	10x	as long as short