Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.027%

Price spread now: RISEx against BingX−0.008%7-day average +0.023% · 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−$220.219% of the position

Long on BingX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.224%+$22 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.008%, 7d avg +0.023%

Together, before fees+0.228%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.031% cheaper against BingX than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.023%). If the spread goes back, that is −$3 on $10k: about 3.5 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.224% in total) that is about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEC-USDT	1,496.7	0.0100	pay 0.0100% / 8h	1h 18m	—	$116.3M	—
Short	RISEx ZEC/USDC	1,496.6	0.0129	get 0.0016% / 1h	18m 45s	$937K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BingX. 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 BingXbpFee RISExbpOrdersPrice spread, now −0.008%Rate

Funding earned: $6.18
Price spread: −0.008% → +0.023%: −$3.08
Slippage, 4 orders: −$5.86
Fee BingX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$18.77
Costs to cover: 0.219%
Break-even: 28.3 days

Slippage from BingX: live order book, 5 min ago; RISEx: live order book, 5 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 BingX live order book, 5 min ago	1.04 bp	6.1 bp −$6	8.5 bp −$85	14.1 bp −$1,408	25.4 bp −$12.7K
Sell RISEx live order book, 5 min ago	1.88 bp	4.9 bp −$5	9.7 bp −$97	doesn't fit	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	−0.3684%	1h	1,461.9	−2.326%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,495.1	−0.112%	$62K	$303K	10x	as long as short
BloFin ZEC-USDT	−0.0158%	8h	1,495.9	−0.056%	$30.6M	$74.9M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,496.4	−0.019%	$18.2M	$46.6M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,496.8	+0.008%	$6K	$1K	10x	as long as short
Bulk ZEC-USD	−0.0051%	1h	1,487.2	−0.639%	$898K	$9K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,496.4	−0.025%	$416K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,492.9	−0.253%	$1.6M	$4.6M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,487.2	−0.636%	$5.3M	—	150x	as long as short
Aftermath Perps ZECUSD	+0.0076%	1h	1,485.9	−0.724%	$47K	$64K	10x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0078%	8h	1,496.3	−0.027%	$301K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,496.9	+0.011%	$169K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,495.9	−0.054%	$12K	$876K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,496.8	+0.006%	$2.7M	$7.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,496.5	−0.015%	$14.0M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,496.5	−0.016%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,497.2	+0.030%	$697.7M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,496.9	+0.011%	$267.9M	$633.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,497.1	+0.022%	$182.6M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,484.2	−0.836%	$406K	$512K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,496.8	+0.005%	$55.0M	$184.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,496.4	−0.024%	$247.7M	$790.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,496.9	+0.011%	$103.0M	$57.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,497.2	+0.032%	$161.1M	$289.3M	75x	as long as short
BingX ZEC-USDTlong	+0.0100%	8h	1,496.7	long leg	—	$116.3M	—
Variational Omni ZEC	+0.0100%	8h	1,485.5	−0.747%	$48.4M	$34.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,485.6	−0.745%	$570K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,487.2	−0.635%	$3.0M	$511K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,488.1	−0.575%	$410K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,487.4	−0.626%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,497.1	+0.025%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,496.8	+0.002%	$164K	$184K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,499	+0.152%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,495.8	−0.064%	$255K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,496.6	−0.008%	$2.7M	$20.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,496.5	−0.018%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,496.7	+0.001%	$62K	$43K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,497.3	+0.038%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,496.5	−0.014%	$43K	$152K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,496.7	0.000%	$8K	$7K	5x	as long as short
RISEx ZEC/USDCshort	+0.0129%	1h	1,496.6	−0.008%	$937K	$1.1M	10x
Phoenix ZEC	+0.0134%	1h	1,487.9	−0.587%	$4.7M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0151% / S −0.0165%	1h	1,496.9	+0.010%	$485K	—	100x	as long as short
Backpack ZEC_USDC_PERP	+0.0166%	1h	1,497	+0.017%	$2.4M	$3.9M	15x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,497	+0.016%	$632K	$8.7M	10x	as long as short
Hyperliquid ZEC	+0.0222%	1h	1,498.3	+0.106%	$778.7M	$443.2M	10x	as long as short
Lighter RH ZEC	+0.0248%	1h	1,498.2	+0.096%	$2.1M	$7.4M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0270%	1h	1,497.6	+0.059%	$684K	$1.4M	25x	as long as short
Lighter ZEC	+0.0296%	1h	1,499	+0.152%	$19.8M	$46.0M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,498.3	+0.106%	$3.7M	$10.1M	50x	as long as short