data as of
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Price arb /

ZEC

all ZEC markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k+$5
spread now+0.389%7d average+0.100%fees + slippage, in and out−$24spread needed0.237%
Long on ArcusShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus ZEC-USD1,495.70.0100pay 0.0013% / 1h19m 05s$700K$6.4M10x
ShortPhoenix ZEC1,501.5−0.0051pay 0.0006% / 1h19m 05s$4.8M$1.6M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$38.89
Funding while held
−$4.52
Slippage, 4 orders
−$12.21
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$10.66
Spread needed to break even
0.237%
Slippage from Arcus: live order book, 1 min ago; Phoenix: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
−0.0151%
Per $10,000 a day
−$4.52
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 1 min ago0.00 bp2.3 bp −$27.7 bp −$77doesn't fitdoesn't fit
Sell Phoenix live order book, 6 min ago1.66 bp6.4 bp −$614.3 bp −$14348.4 bp −$4,838doesn't fit

ZEC price on every exchange

against the cheapest. Click to use as the short leg.
Derive1,491.9cheapestAevo1,492.7+0.057%SoDEX1,492.9+0.064%Kraken Futures1,492.9+0.065%KuCoin1,492.9+0.069%BloFin1,493.2+0.085%Gate1,493.2+0.087%Polymarket Perps1,493.2+0.088%Bullet1,493.2+0.091%OKX1,493.3+0.092%MEXC1,493.3+0.095%HTX1,493.3+0.096%Bitget1,493.4+0.101%Orderly1,493.4+0.102%Phemex1,493.4+0.103%Bybit1,493.4+0.104%Backpack1,493.6+0.113%Paradex1,493.6+0.114%Binance1,493.6+0.114%Popdex1,493.6+0.115%BingX1,493.6+0.117%Aster1,493.8+0.128%gTrade (Gains Network)1,493.9+0.132%GMX1,493.9+0.132%Deribit1,493.9+0.135%Katana Perps1,494+0.142%Kalshi1,494.1+0.149%Perpl1,494.3+0.162%Extended1,494.3+0.163%Hyperliquid1,494.4+0.167%01 Exchange1,494.4+0.168%RISEx1,494.4+0.171%Coinbase International1,494.6+0.180%Lighter1,494.6+0.185%Pacifica1,494.7+0.188%Hotstuff1,494.8+0.195%Nado1,495+0.205%Lighter RH1,495+0.208%dYdX1,495.3+0.230%
Arcus1,495.7+0.256%
StandX1,496.4+0.305%SunX1,497.3+0.363%ApeX Omni1,497.9+0.402%Injective1,498+0.409%Variational Omni1,498.6+0.450%Ondo Perps1,498.8+0.463%Aftermath Perps1,498.9+0.472%edgeX1,500+0.545%
Phoenix1,501.5+0.646%
Bulk1,501.9+0.671%

ZEC on 50 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Derive ZEC-PERP−0.256%+0.0100%1h$463K$473K6.7xas long as short
Aevo ZEC-PERP−0.199%+0.0080%1h$39K$362K20xas long as short
SoDEX ZEC-USD−0.191%+0.0027%1h$227K$5.4M10xas long as short
Kraken Futures PF_ZECUSD−0.191%−0.0518%1h$18.2M$44.5M25xas long as short
KuCoin ZECUSDTM−0.187%+0.0100%8h$104.6M$69.8M75xas long as short
BloFin ZEC-USDT−0.171%−0.0116%8h$31.4M$81.5M75xas long as short
Gate ZEC_USDT−0.169%+0.0028%8h$52.5M$217.2M75xas long as short
Polymarket Perps ZEC-USD−0.168%+0.0100%1h$322K$3.3M10xas long as short
Bullet ZEC-USD−0.165%+0.0100%1h$51K$116K20xas long as short
OKX ZEC-USDT-SWAP−0.164%+0.0003%8h$184.4M$1.62B50xas long as short
Show all 50 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC ZEC_USDT−0.161%+0.0003%8h$221.9M$1.01B150xas long as short
HTX ZEC-USDT−0.160%+0.0100%8h$2.6M$31.7M75xas long as short
Bitget ZECUSDT−0.155%+0.0003%8h$167.3M$325.8M75xas long as short
Orderly PERP_ZEC_USDC−0.154%−0.0020%8h$268K$1.6M20xas long as short
Phemex ZECUSDT−0.153%+0.0100%8h$3.9M$6.6M50xas long as short
Bybit ZECUSDT−0.152%−0.0217%8h$288.9M$764.2M75xas long as short
Backpack ZEC_USDC_PERP−0.143%+0.0100%1h$2.3M$3.7M15xas long as short
Paradex ZEC-USD-PERP−0.142%+0.0092%8h$61K$38K10xas long as short
Binance ZECUSDT−0.142%+0.0004%8h$699.5M$2.84B75xas long as short
Popdex ZECUSDT−0.141%+0.0096%1h$177K$2.2M50xas long as short
BingX ZEC-USDT−0.139%+0.0008%8h—$123.9M—as long as short
Aster ZECUSDT−0.128%−0.0034%8h$15.2M$37.9M75xas long as short
gTrade (Gains Network) ZEC/USD−0.125%L +0.0007% / S −0.0006%1h$5.3M—150xas long as short
GMX ZEC/USD [WBTC.b-USDC]−0.124%L +0.0122% / S +0.0002%1h$567K—100xas long as short
Deribit ZEC_USDC-PERPETUAL−0.121%0.0000%1h$585K$1.4M25xas long as short
Katana Perps ZEC-USD−0.114%+0.0100%8h$11K$1.0M10xas long as short
Kalshi KXZECPERP−0.107%0.0000%8h$869K$6.2M2.2xas long as short
Perpl ZEC−0.094%+0.0112%43m$78K$392K10xas long as short
Extended ZEC-USD−0.093%+0.0104%1h$3.4M$4.4M10xas long as short
Hyperliquid ZEC−0.090%+0.0100%1h$797.9M$654.1M10xas long as short
01 Exchange ZECUSD−0.088%+0.0008%1h$9K$11K5xas long as short
RISEx ZEC/USDC−0.085%+0.0080%1h$856K$2.9M10xas long as short
Coinbase International ZEC-PERP-INTX−0.076%+0.0256%1h$3.9M$13.4M50xas long as short
Lighter ZEC−0.072%+0.0096%1h$19.7M$61.9M20xas long as short
Pacifica ZEC−0.068%+0.0100%1h$1.7M$3.5M10xas long as short
Hotstuff ZEC-PERP−0.061%−0.0080%1h$6K$2K10xas long as short
Nado ZEC-PERP−0.051%+0.0100%1h$3.1M$7.8M10xas long as short
Lighter RH ZEC−0.048%+0.0240%1h$1.8M$8.3M10xas long as short
dYdX ZEC-USD−0.026%0.0000%1h$420K$117K5xas long as short
Arcus ZEC-USDlong0.000%+0.0100%1h$700K$6.4M10x
StandX ZEC-USD+0.049%+0.0100%1h$108K$3.6M30xas long as short
SunX ZEC-USDT+0.107%+0.0100%8h$3K$1.3M20xas long as short
ApeX Omni ZECUSDT+0.146%−0.0204%1h$990K$349K50xas long as short
Injective ZEC/USDC PERP+0.152%−0.3400%1h$35K$13K12xas long as short
Variational Omni ZEC+0.193%−0.0025%8h$48.8M$33.8M—as long as short
Ondo Perps ZEC-USD.P+0.206%−0.0100%1h$408K$760K5xas long as short
Aftermath Perps ZECUSD+0.215%+0.0369%1h$37K$22K10xas long as short
edgeX ZECUSDC+0.288%+0.0100%4h$506K$10.8M20xas long as short
Phoenix ZECshort+0.389%−0.0051%1h$4.8M$1.6M10x
Bulk ZEC-USD+0.414%−0.0100%1h$915K$60K10xas long as short