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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.025%
Price spread now: Hyperliquid against BingX+0.157%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs+$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$220.221% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.359%+$36 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.157% dearer against BingX than usual: you sell high and buy low, +$16 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZEC-USDT1,447.80.0100pay 0.0100% / 8h4h 50m$99.6M
ShortHyperliquid ZEC1,450.10.0100get 0.0013% / 1h50m 32s$754.3M$434.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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: +0.157% → 0.000%
$15.75
Slippage, 4 orders
−$3.11
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$6.36
Costs to cover
0.221%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Hyperliquid: live order book, 4 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 BingX live order book, 4 min ago0.10 bp5.4 bp −$57.5 bp −$7513.3 bp −$1,32826.5 bp −$13.3K
Sell Hyperliquid live order book, 4 min ago0.69 bp6.4 bp −$68.2 bp −$82doesn't fitdoesn't fit

ZEC on 51 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−0.3166%1h1,449.6+0.122%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,448.7+0.059%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0078%8h1,447.1−0.052%$29.2M$70.3M75xas long as short
dYdX ZEC-USD0.0000%1h1,448.2+0.023%$408K$40K5xas long as short
Kalshi KXZECPERP0.0000%8h1,448.2+0.024%$1.5M$4.5M2.2xas long as short
Perpl ZEC0.0000%43m1,447.1−0.052%$83K$240K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,447.8−0.003%$5.1M150xas long as short
Orderly PERP_ZEC_USDC+0.0058%8h1,447.7−0.007%$290K$958K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0064% / S −0.0014%1h1,448.2+0.027%$407K100xas long as short
01 Exchange ZECUSD+0.0072%1h1,448.1+0.018%$8K$7K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,448.3+0.030%$172K$1.7M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,447.8−0.003%$10K$874K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,449.2+0.098%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,447.4−0.026%$2.5M$6.3M10xas long as short
Hyperliquid ZECshort+0.0100%1h1,450.1+0.157%$754.3M$434.2M10x
Aster ZECUSDT+0.0100%8h1,448.4+0.038%$14.4M$27.7M75xas long as short
Pacifica ZEC+0.0100%1h1,448.7+0.060%$1.6M$2.5M10xas long as short
Binance ZECUSDT+0.0100%8h1,448.2+0.026%$664.2M$2.21B75xas long as short
Bybit ZECUSDT+0.0100%8h1,447.80.000%$261.4M$602.6M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,448.4+0.040%$177.1M$1.22B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,448.7+0.061%$394K$443K5xas long as short
Bulk ZEC-USD+0.0100%1h1,449.4+0.112%$876K$23K10xas long as short
Gate ZEC_USDT+0.0100%8h1,447.8−0.005%$49.8M$172.2M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,448.2+0.023%$214.6M$767.8M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,449.2+0.094%$102.0M$55.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,448+0.011%$161.8M$272.3M75xas long as short
BingX ZEC-USDTlong+0.0100%8h1,447.8long leg$99.6M
Backpack ZEC_USDC_PERP+0.0100%1h1,448.2+0.024%$2.5M$3.8M15xas long as short
Variational Omni ZEC+0.0100%8h1,447.2−0.046%$47.4M$32.8Mas long as short
edgeX ZECUSDC+0.0100%4h1,449.2+0.098%$564K$8.7M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,448.8+0.066%$3.0M$424K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,448.4+0.041%$407K$913K50xas long as short
StandX ZEC-USD+0.0100%1h1,449.7+0.129%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,447.3−0.036%$365K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,448.3+0.034%$160K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,446.7−0.077%$442K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,450.2+0.162%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,447.8−0.005%$232K$3.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,447−0.059%$2.6M$18.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,447.6−0.015%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,447.4−0.027%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,447.6−0.016%$47K$151K20xas long as short
Phoenix ZEC+0.0123%1h1,450.6+0.193%$4.6M$1.3M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0272%1h1,448.4+0.042%$608K$1.3M25xas long as short
Kraken Futures PF_ZECUSD+0.0279%1h1,447.5−0.022%$17.9M$44.7M25xas long as short
Lighter ZEC+0.0368%1h1,449.3+0.101%$19.0M$45.8M20xas long as short
Lighter RH ZEC+0.0384%1h1,449.3+0.099%$2.0M$6.9M10xas long as short
RISEx ZEC/USDC+0.0412%1h1,448.5+0.047%$829K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,449.9+0.145%$3.7M$8.9M50xas long as short
Arcus ZEC-USD+0.0626%1h1,450+0.152%$730K$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0680%1h1,449.9+0.141%$44K$49K10xas long as short