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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: MEXC against HTX−0.124%50s7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as 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−$160.158% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now −0.124%, 7d avg +0.020%

Together, before fees+0.031%+$3 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: MEXC is 0.144% cheaper against HTX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 50 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	HTX ZEC-USDT	1,473.7	0.0100	pay 0.0100% / 8h	18m 28s	$2.5M	$22.8M	75x
Short	MEXC ZEC_USDT	1,471.8	0.0100	get 0.0100% / 8h	18m 28s	$221.7M	$842.4M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against HTX. 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 HTXbpFee MEXCbpOrdersPrice spread, now −0.124%Rate

Funding earned: $0
Price spread: −0.124% → +0.020%: −$14.39
Slippage, 4 orders: −$3.78
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$30.17
Costs to cover: 0.158%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; MEXC: live order book, 6 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 HTX live order book, 1 min ago	1.80 bp	7.9 bp −$8	15.5 bp −$155	38.2 bp −$3,823	doesn't fit
Sell MEXC live order book, 6 min ago	0.03 bp	0.0 bp $0	0.0 bp $0	0.2 bp −$18	43.2 bp −$21.6K

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	−0.3089%	1h	1,474.2	+0.037%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0265%	1h	1,473.3	−0.024%	$399K	$523K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,472.5	−0.078%	$17.9M	$44.2M	25x	as long as short
Bybit ZECUSDT	−0.0114%	8h	1,470.8	−0.191%	$274.5M	$652.6M	75x	as long as short
BloFin ZEC-USDT	−0.0106%	8h	1,472.6	−0.072%	$29.7M	$75.1M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.6	−0.069%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0061%	8h	1,472.2	−0.097%	$47.2M	$34.2M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.1	−0.038%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473.9	+0.017%	$959K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.2	−0.096%	$84K	$407K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ZECUSDT	0.0000%	1h	1,469.2	−0.300%	$431K	$843K	50x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472	−0.112%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,472.7	−0.067%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,471.3	−0.162%	$294K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,471.2	−0.167%	$4.6M	$1.6M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0034%	1h	1,473.6	−0.001%	$615K	$1.3M	25x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,471.4	−0.155%	$180.9M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0047%	8h	1,471.9	−0.123%	$51.2M	$187.3M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,471.9	−0.122%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,473.7	+0.004%	$19.2M	$52.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.4	−0.088%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,471.3	−0.161%	$13K	$834K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.3	−0.095%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.3	−0.026%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.1	−0.038%	$763.3M	$472.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.6	−0.074%	$15.0M	$32.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,473.1	−0.041%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,471.7	−0.136%	$682.8M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,473.9	+0.019%	$696K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,473.5	−0.011%	$896K	$39K	10x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,471.8	−0.124%	$221.7M	$842.4M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,472.5	−0.077%	$103.8M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472	−0.113%	$163.2M	$301.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,471.7	−0.132%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,468	−0.386%	$511K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,470	−0.247%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.4	−0.016%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472	−0.113%	$336K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,471.3	−0.162%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.9	−0.187%	$458K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.7	+0.069%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.6	−0.072%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDTlong	+0.0100%	8h	1,473.7	long leg	$2.5M	$22.8M	75x
Phemex ZECUSDT	+0.0100%	8h	1,473.1	−0.037%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,473	−0.048%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.7	−0.063%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,473.1	−0.040%	$826K	$1.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0417%	1h	1,473.2	−0.031%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,474.9	+0.081%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0464%	1h	1,474.9	+0.083%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0753%	1h	1,473.1	−0.039%	$46K	$47K	10x	as long as short