Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.038%
Price spread now: Hyperliquid against MEXC+0.080%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs+$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$110.110% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.337%+$34 on $10k
Price spread, last 7 days−0.030%−$3 · spread now +0.080%, 7d avg +0.029%
Together, before fees+0.307%+ Points / potential airdropHyperliquid: Season 2 · farm board+$31 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: Hyperliquid is 0.051% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ZEC_USDT1,474.80.0100pay 0.0100% / 8h6h 20m$216.2M$800.8M150x
ShortHyperliquid ZEC1,4760.0100get 0.0013% / 1h20m 54s$768.6M$443.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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

Funding earned
$0
Price spread: +0.080% → +0.029%
$5.06
Slippage, 4 orders
−$1.95
Fee MEXC: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$5.9
Costs to cover
0.110%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 13 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 MEXC live order book, 3 min ago0.03 bp0.0 bp $00.0 bp $00.3 bp −$3228.3 bp −$14.2K
Sell Hyperliquid live order book, 13 min ago0.34 bp5.7 bp −$67.4 bp −$74doesn't fitdoesn'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−0.3678%1h1,459.6−1.035%$34K$274K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,475.2+0.028%$6K$1K10xas long as short
Ondo Perps ZEC-USD.P−0.0010%1h1,471.4−0.232%$400K$517K5xas long as short
Kraken Futures PF_ZECUSD−0.0002%1h1,475.1+0.022%$18.1M$43.8M25xas long as short
dYdX ZEC-USD0.0000%1h1,474.4−0.031%$415K$54K5xas long as short
Kalshi KXZECPERP0.0000%8h1,475.2+0.028%$975K$4.9M2.2xas long as short
Perpl ZEC0.0000%43m1,474.9+0.004%$84K$254K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,474.7−0.005%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0029%8h1,474.9+0.006%$294K$1.0M20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0009%1h1,474.8−0.004%$385K100xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZEC+0.0055%8h1,474.3−0.038%$48.1M$32.6Mas long as short
Phoenix ZEC+0.0070%1h1,474.7−0.009%$4.7M$1.5M10xas long as short
01 Exchange ZECUSD+0.0072%1h1,475.1+0.022%$8K$8K5xas long as short
Popdex ZECUSDT+0.0096%1h1,475+0.009%$174K$1.8M50xas long as short
OKX ZEC-USDT-SWAP+0.0098%8h1,474.7−0.008%$181.8M$1.27B50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,474.5−0.019%$14K$840K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,475.2+0.025%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,474.1−0.047%$2.6M$6.6M10xas long as short
Hyperliquid ZECshort+0.0100%1h1,476+0.080%$768.6M$443.0M10x
Aster ZECUSDT+0.0100%8h1,474.9+0.003%$14.8M$30.4M75xas long as short
Pacifica ZEC+0.0100%1h1,475.2+0.024%$1.7M$2.7M10xas long as short
Binance ZECUSDT+0.0100%8h1,474.7−0.005%$682.2M$2.32B75xas long as short
Bybit ZECUSDT+0.0100%8h1,474.6−0.018%$272.3M$616.9M75xas long as short
Bulk ZEC-USD+0.0100%1h1,476.6+0.119%$896K$18K10xas long as short
Gate ZEC_USDT+0.0100%8h1,474.6−0.013%$50.4M$176.0M75xas long as short
MEXC ZEC_USDTlong+0.0100%8h1,474.8long leg$216.2M$800.8M150x
KuCoin ZECUSDTM+0.0100%8h1,475+0.010%$103.6M$56.4M75xas long as short
Bitget ZECUSDT+0.0100%8h1,475+0.015%$163.9M$283.1M75xas long as short
BingX ZEC-USDT+0.0100%8h1,474.9+0.005%$100.5Mas long as short
edgeX ZECUSDC+0.0100%4h1,472.2−0.180%$573K$9.0M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,473.6−0.086%$3.0M$443K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,473.3−0.104%$428K$898K50xas long as short
StandX ZEC-USD+0.0100%1h1,474.4−0.026%$71K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,474.7−0.008%$347K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,474.9+0.005%$128K$160K20xas long as short
Derive ZEC-PERP+0.0100%1h1,473.4−0.095%$458K$511K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,477.2+0.159%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,474.9+0.008%$243K$3.6M10xas long as short
HTX ZEC-USDT+0.0100%8h1,474.4−0.032%$2.5M$18.7M75xas long as short
Phemex ZECUSDT+0.0100%8h1,475+0.014%$3.9M$5.4M50xas long as short
Extended ZEC-USD+0.0104%1h1,474.8−0.003%$3.2M$7.1M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,474.7−0.006%$48K$162K20xas long as short
Arcus ZEC-USD+0.0254%1h1,476.2+0.094%$688K$8.6M10xas long as short
Lighter ZEC+0.0256%1h1,476.3+0.098%$19.3M$48.2M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0285%1h1,475.7+0.062%$614K$1.3M25xas long as short
Lighter RH ZEC+0.0288%1h1,476.8+0.131%$2.1M$7.1M10xas long as short
RISEx ZEC/USDC+0.0374%1h1,475.8+0.064%$867K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0472%1h1,476.3+0.103%$3.6M$9.4M50xas long as short
Backpack ZEC_USDC_PERP+0.0480%1h1,475.3+0.029%$2.5M$3.9M15xas long as short
Aftermath Perps ZECUSD+0.0746%1h1,475.2+0.023%$44K$46K10xas long as short