Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%
Price spread now: Bybit against Binance−0.031%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.229% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 7 days+0.014%+$1 · spread now −0.031%, 7d avg −0.003%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.028% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZECUSDT | 1,454.6 | 0.0100 | pay 0.0100% / 8h | 3h 54m | $668.0M | $2.20B | 75x |
| Short | Bybit ZECUSDT | 1,454.1 | 0.0100 | get 0.0100% / 8h | 3h 54m | $261.0M | $601.4M | 75x |
Binance ZECUSDT
Bybit ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.031% → −0.003%
- −$2.77
- Slippage, 4 orders
- −$1.9
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$25.67
- Costs to cover
- 0.229%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Bybit: live order book, 5 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 Binance live order book, 5 min ago | 0.03 bp | 5.0 bp −$5 | 7.0 bp −$70 | 18.0 bp −$1,795 | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.03 bp | 7.1 bp −$7 | 8.3 bp −$83 | 16.5 bp −$1,649 | 32.3 bp −$16.1K |
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 | 1,456 | +0.098% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,455 | +0.029% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0070% | 8h | 1,456.4 | +0.123% | $29.6M | $70.8M | 75x | as long as short |
| ApeX Omni ZECUSDT | −0.0032% | 1h | 1,454.7 | +0.006% | $404K | $942K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,455.7 | +0.076% | $410K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,455.1 | +0.034% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,454.3 | −0.020% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,455.4 | +0.056% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0064% | 8h | 1,455.2 | +0.042% | $291K | $952K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0072% / S −0.0024% | 1h | 1,455.3 | +0.049% | $408K | — | 100x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
ApeX Omni ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,454.3 | −0.017% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,455 | +0.032% | $10K | $858K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,454.9 | +0.024% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,455.2 | +0.042% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,454.8 | +0.017% | $14.7M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,455.1 | +0.035% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDTlong | +0.0100% | 8h | 1,454.6 | long leg | $668.0M | $2.20B | 75x | |
| Bybit ZECUSDTshort | +0.0100% | 8h | 1,454.1 | −0.031% | $261.0M | $601.4M | 75x | |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,454.6 | +0.003% | $177.8M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,454.1 | −0.033% | $395K | $441K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454 | −0.039% | $878K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,454.6 | +0.001% | $50.5M | $170.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,454.6 | −0.001% | $214.9M | $764.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,455 | +0.026% | $102.6M | $53.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,454.7 | +0.008% | $165.4M | $270.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,455 | +0.032% | — | $105.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,454 | −0.038% | $47.7M | $32.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,454.8 | +0.016% | $566K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,455.1 | +0.037% | $3.0M | $451K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,454.8 | +0.016% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,454.4 | −0.012% | $353K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,454.5 | −0.007% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,454.1 | −0.031% | $444K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.8 | +0.149% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,455.7 | +0.075% | $233K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,454.2 | −0.025% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,456.5 | +0.133% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,454.8 | +0.013% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,455.2 | +0.040% | $47K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,454.8 | +0.015% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,457.7 | +0.212% | $4.6M | $1.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0144% | 1h | 1,455.9 | +0.091% | $757.3M | $428.4M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0157% | 1h | 1,456.7 | +0.144% | $2.4M | $3.9M | 15x | as long as short |
| Lighter ZEC | +0.0160% | 1h | 1,455.9 | +0.093% | $19.2M | $44.7M | 20x | as long as short |
| Lighter RH ZEC | +0.0160% | 1h | 1,456.3 | +0.115% | $2.1M | $7.0M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,454.8 | +0.018% | $921K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0312% | 1h | 1,456.1 | +0.105% | $614K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0333% | 1h | 1,455.8 | +0.083% | $18.0M | $45.2M | 25x | as long as short |
| Arcus ZEC-USD | +0.0344% | 1h | 1,457 | +0.165% | $684K | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,457.1 | +0.173% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0675% | 1h | 1,456.3 | +0.115% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Phoenix ZEC
Hyperliquid ZEC
Backpack ZEC_USDC_PERP
Lighter ZEC
Lighter RH ZEC
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD