Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Binance against edgeX+0.183%60s7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.210% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.301%−$30 on $10k

Price spread, last 7 days−0.175%−$18 · spread now +0.183%, 7d avg +0.057%

Together, before fees−0.477%+ Points / potential airdropedgeX: Active · farm board−$48 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 0.126% dearer against edgeX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.057%. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ZECUSDC	1,458.9	0.0100	pay 0.0050% / 4h	2h 04m	$508K	$9.5M	20x
Short	Binance ZECUSDT	1,461.5	0.0100	get 0.0100% / 8h	2h 04m	$668.4M	$2.53B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.183%Rate

Funding earned: $0
Price spread: +0.183% → +0.057%: $12.64
Slippage, 4 orders: −$1.96
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.32
Costs to cover: 0.210%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; Binance: live order book, 10 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 edgeX live order book, 5 min ago	0.44 bp	5.2 bp −$5	13.8 bp −$138	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.03 bp	5.6 bp −$6	8.1 bp −$81	14.9 bp −$1,493	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	−0.3476%	1h	1,446.2	−0.872%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0091%	8h	1,460	+0.081%	$28.9M	$75.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,461.6	+0.190%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,460.8	+0.131%	$17.7M	$44.7M	25x	as long as short
Bybit ZECUSDT	−0.0033%	8h	1,460.5	+0.110%	$269.7M	$677.7M	75x	as long as short
Variational Omni ZEC	−0.0014%	8h	1,458.9	+0.002%	$45.7M	$33.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,460.9	+0.137%	$411K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,460.4	+0.105%	$935K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,461.3	+0.168%	$83K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,461.6	+0.189%	$595K	$1.3M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,462	+0.216%	$5.2M	—	150x	as long as short
Ondo Perps ZEC-USD.P	+0.0011%	1h	1,457.9	−0.066%	$396K	$515K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0014% / S +0.0075%	1h	1,461.9	+0.210%	$559K	—	100x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,460.8	+0.132%	$293K	$1.5M	20x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,462	+0.213%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0056%	8h	1,461.4	+0.177%	$49.8M	$191.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0057%	8h	1,461.6	+0.188%	$174.9M	$1.37B	50x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,461.9	+0.205%	$13K	$862K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,463.1	+0.287%	$18.9M	$54.8M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,461.5	+0.183%	$174K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,461.6	+0.187%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.2	+0.230%	$2.5M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,462.6	+0.256%	$758.1M	$494.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,461.6	+0.186%	$15.4M	$33.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.1	+0.224%	$1.6M	$3.0M	10x	as long as short
Binance ZECUSDTshort	+0.0100%	8h	1,461.5	+0.183%	$668.4M	$2.53B	75x
MEXC ZEC_USDT	+0.0100%	8h	1,461.7	+0.194%	$222.1M	$900.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,461.6	+0.190%	$103.2M	$57.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,461.5	+0.179%	$161.7M	$312.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,460.7	+0.128%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,461.9	+0.205%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDClong	+0.0100%	4h	1,458.9	long leg	$508K	$9.5M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.2	+0.024%	$3.0M	$492K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,460.1	+0.087%	$429K	$815K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,461.7	+0.191%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,461.6	+0.188%	$343K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,461.5	+0.182%	$128K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,459.5	+0.045%	$446K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,462.9	+0.278%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,460.8	+0.132%	$222K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,461.2	+0.162%	$2.4M	$24.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,461.3	+0.168%	$3.8M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,456.7	−0.148%	$897K	$26K	10x	as long as short
Phoenix ZEC	+0.0103%	1h	1,462	+0.216%	$4.6M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,462.1	+0.223%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,460.9	+0.137%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,462.3	+0.233%	$844K	$1.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,462	+0.215%	$3.7M	$11.7M	50x	as long as short
Aftermath Perps ZECUSD	+0.0493%	1h	1,460.8	+0.130%	$40K	$34K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,462.5	+0.246%	$742K	$8.0M	10x	as long as short
Lighter RH ZEC	+0.0568%	1h	1,463.5	+0.321%	$2.0M	$8.5M	10x	as long as short