Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance+0.109%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs+$1as in the Price arb table

costs, in and out, $10k−$100.102% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.116%−$12 · spread now +0.109%, 7d avg +0.001%

Together, before fees−0.115%−$12 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 0.108% dearer against Binance than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZECUSDT	1,458.7	0.0100	pay 0.0100% / 8h	4h 18m	$670.4M	$2.21B	75x
Short	MEXC ZEC_USDT	1,460.3	0.0100	get 0.0100% / 8h	4h 18m	$214.9M	$773.6M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → +0.001%: $10.78
Slippage, 4 orders: −$0.2
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $0.58
Costs to cover: 0.102%
Break-even: from the start

Slippage from Binance: live order book, 10 min ago; MEXC: 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, 10 min ago	0.03 bp	5.0 bp −$5	6.9 bp −$69	16.4 bp −$1,635	doesn't fit
Sell MEXC live order book, 5 min ago	0.03 bp	0.0 bp $0	0.0 bp $0	0.3 bp −$30	43.5 bp −$21.7K

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	−0.3166%	1h	1,462.9	+0.284%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,462.6	+0.268%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,461.4	+0.188%	$29.4M	$71.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,462.8	+0.281%	$412K	$38K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,462.7	+0.277%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,461.9	+0.221%	$84K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,462	+0.223%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,461.9	+0.216%	$292K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0069% / S −0.0020%	1h	1,461.9	+0.221%	$410K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,462.1	+0.235%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,461.8	+0.215%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,462.3	+0.247%	$11K	$856K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,462.1	+0.235%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.6	+0.268%	$2.9M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,460.3	+0.110%	$759.1M	$431.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,460.4	+0.120%	$14.5M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.5	+0.263%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDTlong	+0.0100%	8h	1,458.7	long leg	$670.4M	$2.21B	75x
Bybit ZECUSDT	+0.0100%	8h	1,458.4	−0.021%	$261.6M	$602.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,459.1	+0.030%	$178.2M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,461	+0.158%	$397K	$443K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.2	−0.101%	$880K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,460.5	+0.120%	$50.6M	$174.7M	75x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,460.3	+0.109%	$214.9M	$773.6M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,460.5	+0.125%	$102.6M	$53.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,458.9	+0.015%	$166.1M	$271.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,460	+0.090%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,460.3	+0.109%	$47.9M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,460.8	+0.144%	$569K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,462.4	+0.253%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.2	+0.173%	$406K	$938K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462	+0.225%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,461.8	+0.213%	$366K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,461.8	+0.214%	$161K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,461	+0.157%	$446K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,464.2	+0.374%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,461.8	+0.214%	$234K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,460.8	+0.145%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,461.7	+0.202%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,460.4	+0.114%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,462	+0.228%	$47K	$151K	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0110%	1h	1,461.6	+0.201%	$2.4M	$3.8M	15x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0112%	1h	1,462.6	+0.264%	$617K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0123%	1h	1,462.1	+0.232%	$4.6M	$1.3M	10x	as long as short
Lighter ZEC	+0.0272%	1h	1,460.1	+0.094%	$19.2M	$46.0M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0276%	1h	1,461.6	+0.202%	$18.1M	$45.0M	25x	as long as short
Lighter RH ZEC	+0.0392%	1h	1,460	+0.089%	$2.1M	$7.0M	10x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,462.1	+0.232%	$925K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,462.6	+0.268%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,463.1	+0.299%	$685K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0682%	1h	1,461	+0.157%	$45K	$49K	10x	as long as short