Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Binance against Bulk+0.154%7-day average +0.024% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on Bulk Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.200%−$20 · spread now +0.154%, 7d avg +0.024%

Together, before fees−0.197%−$20 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: Binance is 0.129% dearer against Bulk than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk ZEC-USD	1,453.9	0.0100	pay 0.0013% / 1h	29m 02s	$878K	$18K	10x
Short	Binance ZECUSDT	1,456.1	0.0100	get 0.0100% / 8h	3h 29m	$669.9M	$2.19B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bulk. 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 BulkbpFee BinancebpOrdersPrice spread, now +0.154%Rate

Funding earned: $0
Price spread: +0.154% → +0.024%: $12.95
Slippage, 4 orders: −$0.65
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$4.7
Costs to cover: 0.176%
Break-even: never at this rate

Slippage from Bulk: live order book, 25 min ago; Binance: live order book, 15 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 Bulk live order book, 25 min ago	0.03 bp	3.5 bp −$4	4.3 bp −$43	11.2 bp −$1,117	21.3 bp −$10.6K
Sell Binance live order book, 15 min ago	0.03 bp	5.0 bp −$5	5.2 bp −$52	16.0 bp −$1,599	doesn't fit

ZEC on 51 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	−0.3042%	1h	1,457.6	+0.259%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,458.1	+0.288%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,456.1	+0.154%	$29.4M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,456.3	+0.169%	$410K	$36K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,456.3	+0.169%	$83K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456	+0.147%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,455.8	+0.136%	$291K	$944K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0083% / S −0.0033%	1h	1,455.9	+0.138%	$434K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,456.3	+0.169%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,456.5	+0.181%	$14K	$820K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ZEC-USD-PERP	+0.0100%	8h	1,455.4	+0.104%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,456.6	+0.190%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.2	+0.159%	$14.5M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457.1	+0.221%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDTshort	+0.0100%	8h	1,456.1	+0.154%	$669.9M	$2.19B	75x
Bybit ZECUSDT	+0.0100%	8h	1,455.4	+0.106%	$261.1M	$599.6M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,456.1	+0.150%	$178.7M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.7	+0.126%	$395K	$434K	5x	as long as short
Bulk ZEC-USDlong	+0.0100%	1h	1,453.9	long leg	$878K	$18K	10x
Gate ZEC_USDT	+0.0100%	8h	1,456	+0.149%	$51.3M	$171.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,456.1	+0.156%	$218.6M	$769.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,456	+0.143%	$103.0M	$53.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,456.2	+0.163%	$165.6M	$270.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,456	+0.143%	—	$105.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457	+0.216%	$47.8M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.6	+0.189%	$567K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.7	+0.195%	$3.0M	$463K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,457.4	+0.242%	$403K	$944K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.9	+0.207%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456	+0.147%	$353K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,455.9	+0.140%	$160K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,454.7	+0.055%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,458.7	+0.335%	$4K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,456.1	+0.151%	$233K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,455.7	+0.126%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,456.4	+0.171%	$3.8M	$4.9M	50x	as long as short
Lighter RH ZEC	+0.0104%	1h	1,457.5	+0.247%	$2.1M	$7.0M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,456	+0.144%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456	+0.145%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,455	+0.078%	$4.6M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,456.8	+0.204%	$8K	$7K	5x	as long as short
Kalshi KXZECPERP	+0.0131%	8h	1,456.9	+0.211%	$1.5M	$4.4M	2.2x	as long as short
Lighter ZEC	+0.0144%	1h	1,457.6	+0.253%	$19.2M	$45.0M	20x	as long as short
Hyperliquid ZEC	+0.0144%	1h	1,457.5	+0.250%	$758.8M	$426.0M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0155%	1h	1,456.5	+0.183%	$2.4M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,456.3	+0.170%	$921K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0249%	1h	1,456.6	+0.189%	$613K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,455.9	+0.141%	$18.0M	$45.3M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,458.1	+0.292%	$697K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,459.7	+0.400%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0672%	1h	1,455.6	+0.119%	$45K	$49K	10x	as long as short