Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.019%

Price spread now: Extended against Binance+0.163%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 7 days−0.188%−$19 · spread now +0.163%, 7d avg −0.033%

Together, before fees−0.008%+ Points / potential airdropExtended: Active · farm board−$1 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: Extended is 0.196% dearer against Binance than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZECUSDT	1,464.1	0.0100	pay 0.0100% / 8h	5h 57m	$676.8M	$2.25B	75x
Short	Extended ZEC-USD	1,466.5	0.0104	get 0.0013% / 1h	57m 25s	$2.8M	$7.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.163%Rate

Funding earned: $0.84
Price spread: +0.163% → −0.033%: $19.58
Slippage, 4 orders: −$9.05
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$3.63
Costs to cover: 0.241%
Break-even: 37.3 days

Slippage from Binance: live order book, 17 min ago; Extended: 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, 17 min ago	0.03 bp	5.0 bp −$5	7.5 bp −$75	16.5 bp −$1,652	doesn't fit
Sell Extended live order book, 2 min ago	3.00 bp	6.2 bp −$6	16.6 bp −$166	56.4 bp −$5,638	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	−0.3244%	1h	1,453.2	−0.743%	$33K	$272K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0175%	1h	1,466.9	+0.192%	$398K	$441K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.3	+0.425%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,466.6	+0.171%	$413K	$47K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.7	+0.315%	$972K	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,465.3	+0.084%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463.8	−0.021%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0033%	8h	1,463.6	−0.033%	$292K	$984K	20x	as long as short
Popdex ZECUSDT	+0.0040%	1h	1,466.3	+0.151%	$173K	$1.8M	50x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,466.8	+0.186%	$8K	$8K	5x	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	1,464	−0.007%	$383K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,469.6	+0.378%	$4.6M	$1.4M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0078%	1h	1,464.6	+0.034%	$609K	$1.3M	25x	as long as short
Variational Omni ZEC	+0.0079%	8h	1,468.1	+0.275%	$48.0M	$32.4M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0095%	8h	1,463.9	−0.016%	$180.4M	$1.24B	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,466.2	+0.144%	$16K	$845K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,467.1	+0.203%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,464.5	+0.030%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,465.5	+0.097%	$763.4M	$435.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,466.1	+0.138%	$14.7M	$28.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,466.7	+0.177%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDTlong	+0.0100%	8h	1,464.1	long leg	$676.8M	$2.25B	75x
Bybit ZECUSDT	+0.0100%	8h	1,463.7	−0.027%	$271.2M	$605.4M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	+0.171%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,463.8	−0.022%	$50.0M	$169.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,463.5	−0.038%	$215.9M	$767.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,464.4	+0.023%	$102.9M	$55.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,464.2	+0.005%	$162.7M	$275.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,463.9	−0.010%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,468	+0.270%	$571K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,469.2	+0.348%	$3.0M	$430K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.2	+0.346%	$427K	$880K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,467.9	+0.262%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,465.4	+0.090%	$342K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.8	−0.018%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.3	−0.120%	$446K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,468.8	+0.323%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,467.5	+0.233%	$242K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,466.7	+0.181%	$2.5M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.9	+0.258%	$3.9M	$5.2M	50x	as long as short
Extended ZEC-USDshort	+0.0104%	1h	1,466.5	+0.163%	$2.8M	$7.6M	10x
Aevo ZEC-PERP	+0.0104%	1h	1,463.8	−0.022%	$48K	$155K	20x	as long as short
Lighter ZEC	+0.0136%	1h	1,467.6	+0.244%	$19.2M	$45.8M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0194%	1h	1,467.5	+0.231%	$18.1M	$43.4M	25x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,468.5	+0.300%	$695K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0288%	1h	1,467.7	+0.245%	$2.1M	$6.8M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0378%	1h	1,467.8	+0.251%	$2.4M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,467.3	+0.222%	$852K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,468.6	+0.309%	$3.6M	$8.9M	50x	as long as short
Aftermath Perps ZECUSD	+0.0734%	1h	1,468.6	+0.307%	$43K	$46K	10x	as long as short