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Funding arb · Price arb /

ZEC

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.019%
Price spread now: Extended against BingX+0.071%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$290.292% of the position
Long on BingXShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.201%+$20 on $10k
Price spread, last 7 days−0.036%−$4 · spread now +0.071%, 7d avg +0.051%
Together, before fees+0.165%+ Points / potential airdropExtended: Active · farm board+$17 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 0.020% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZEC-USDC1,468.50.0100pay 0.0100% / 8h5h 59m—$6.7M—
ShortExtended ZEC-USD1,469.50.0104get 0.0013% / 1h59m 22s$2.8M$7.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: +0.071% → +0.051%
$2
Slippage, 4 orders
−$14.23
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$26.39
Costs to cover
0.292%
Break-even
226.9 days
Slippage from BingX: live order book, 8 min ago; Extended: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 8 min ago0.55 bp7.5 bp −$713.1 bp −$13129.0 bp −$2,90076.5 bp −$38.3K
Sell Extended live order book, 5 min ago1.34 bp5.9 bp −$618.9 bp −$18960.5 bp −$6,047doesn't fit

ZEC on 50 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3244%1h1,453.2−1.041%$33K$272K12xas long as short
Ondo Perps ZEC-USD.P−0.0298%1h1,467.2−0.088%$398K$441K5xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,470.3+0.123%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,469.6+0.074%$414K$49K5xas long as short
Kalshi KXZECPERP0.0000%8h1,469.6+0.078%$972K$4.7M2.2xas long as short
Perpl ZEC0.0000%43m1,469.2+0.048%$84K$249K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,469.6+0.073%$5.2M—150xas long as short
Orderly PERP_ZEC_USDC+0.0032%8h1,469.5+0.066%$293K$984K20xas long as short
01 Exchange ZECUSD+0.0048%1h1,469.9+0.097%$8K$8K5xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0009%1h1,469.4+0.065%$384K—100xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix ZEC+0.0070%1h1,469.6+0.077%$4.6M$1.4M10xas long as short
Variational Omni ZEC+0.0079%8h1,468.1−0.026%$48.0M$32.4M—as long as short
OKX ZEC-USDT-SWAP+0.0094%8h1,469.5+0.071%$181.2M$1.24B50xas long as short
Popdex ZECUSDT+0.0096%1h1,469.5+0.069%$173K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,468.6+0.010%$16K$845K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,470+0.106%$61K$42K10xas long as short
Nado ZEC-PERP+0.0100%1h1,469.9+0.096%$2.6M$6.5M10xas long as short
Hyperliquid ZEC+0.0100%1h1,470.4+0.130%$766.0M$434.9M10xas long as short
Aster ZECUSDT+0.0100%8h1,469.9+0.094%$14.7M$29.1M75xas long as short
Pacifica ZEC+0.0100%1h1,470.6+0.143%$1.7M$2.6M10xas long as short
Binance ZECUSDT+0.0100%8h1,469.6+0.076%$679.3M$2.25B75xas long as short
Bybit ZECUSDT+0.0100%8h1,469.6+0.076%$271.6M$605.0M75xas long as short
Bulk ZEC-USD+0.0100%1h1,466.6−0.130%$890K$18K10xas long as short
Gate ZEC_USDT+0.0100%8h1,469.5+0.071%$50.2M$169.5M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,469.6+0.075%$216.2M$767.7M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,469.3+0.054%$103.3M$55.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,469.6+0.074%$163.2M$275.7M75xas long as short
BingX ZEC-USDClong+0.0100%8h1,468.5long leg—$6.7M—
edgeX ZECUSDC+0.0100%4h1,468−0.031%$571K$8.9M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,468.3−0.010%$3.0M$430K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,468.3−0.011%$427K$880K50xas long as short
StandX ZEC-USD+0.0100%1h1,469.6+0.076%$71K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,469.1+0.042%$343K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,469.8+0.086%$128K$160K20xas long as short
Derive ZEC-PERP+0.0100%1h1,468.1−0.027%$448K$512K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,472.9+0.298%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,469.6+0.076%$242K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,469.7+0.084%$2.5M$18.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,469.7+0.080%$3.9M$5.2M50xas long as short
Extended ZEC-USDshort+0.0104%1h1,469.5+0.071%$2.8M$7.6M10x
Aevo ZEC-PERP+0.0104%1h1,469.7+0.084%$48K$155K20xas long as short
Lighter ZEC+0.0160%1h1,471+0.174%$19.2M$45.8M20xas long as short
Kraken Futures PF_ZECUSD+0.0194%1h1,469.8+0.090%$18.1M$43.5M25xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0219%1h1,470.4+0.128%$612K$1.3M25xas long as short
Arcus ZEC-USD+0.0254%1h1,471.6+0.209%$693K$8.5M10xas long as short
Lighter RH ZEC+0.0296%1h1,472+0.241%$2.1M$7.1M10xas long as short
RISEx ZEC/USDC+0.0409%1h1,470.4+0.130%$853K$1.0M10xas long as short
Backpack ZEC_USDC_PERP+0.0412%1h1,470.3+0.120%$2.4M$3.8M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0456%1h1,472.1+0.242%$3.6M$9.0M50xas long as short
Aftermath Perps ZECUSD+0.0731%1h1,470+0.103%$43K$46K10xas long as short