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 −0.006%

Price spread now: OKX against BingX+0.014%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days+0.064%+$6 · spread now +0.014%, 7d avg +0.081%

Together, before fees+0.040%+$4 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: OKX is 0.067% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEC-USDC	1,452.8	0.0100	pay 0.0100% / 8h	5h 08m	—	$6.7M	—
Short	OKX ZEC-USDT-SWAP	1,453	0.0100	get 0.0100% / 8h	5h 08m	$177.8M	$1.22B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BingXbpFee OKXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.081%: −$6.7
Slippage, 4 orders: −$9.11
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$35.81
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; OKX: 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 BingX live order book, 9 min ago	0.69 bp	10.9 bp −$11	15.6 bp −$156	31.1 bp −$3,106	78.4 bp −$39.2K
Sell OKX live order book, 5 min ago	0.03 bp	6.2 bp −$6	9.8 bp −$98	19.0 bp −$1,900	doesn't fit

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	−0.3244%	1h	1,455.6	+0.188%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,454.2	+0.093%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0078%	8h	1,453	+0.014%	$29.3M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,452.5	−0.024%	$409K	$42K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,454	+0.080%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,453.2	+0.022%	$83K	$241K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,452.9	+0.003%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0052%	8h	1,452.6	−0.014%	$291K	$966K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,452.8	−0.005%	$408K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,455	+0.148%	$4.6M	$1.4M	10x	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	1,453.7	+0.057%	$172K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,453.4	+0.037%	$13K	$866K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,454	+0.082%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,453.9	+0.075%	$2.6M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,454.7	+0.129%	$755.9M	$433.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,453.9	+0.073%	$14.5M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,453.5	+0.048%	$1.6M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,453.5	+0.049%	$665.5M	$2.23B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,452.6	−0.018%	$262.3M	$606.0M	75x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0100%	8h	1,453	+0.014%	$177.8M	$1.22B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.3	+0.170%	$396K	$432K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	+0.318%	$883K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,453.3	+0.033%	$50.1M	$175.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,453.7	+0.058%	$213.7M	$781.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,453.6	+0.051%	$101.8M	$55.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,453.8	+0.070%	$161.5M	$273.5M	75x	as long as short
BingX ZEC-USDClong	+0.0100%	8h	1,452.8	long leg	—	$6.7M	—
Variational Omni ZEC	+0.0100%	8h	1,456.4	+0.244%	$47.6M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,457.1	+0.292%	$568K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,457.6	+0.326%	$3.0M	$432K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,456.2	+0.231%	$410K	$911K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,458	+0.359%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,452.8	−0.002%	$367K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,453	+0.009%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,451.8	−0.068%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,455.3	+0.171%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,452.9	+0.004%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,452.6	−0.014%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,453.6	+0.050%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,453.3	+0.034%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,452.4	−0.033%	$47K	$153K	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0106%	1h	1,453.9	+0.072%	$2.4M	$3.8M	15x	as long as short
01 Exchange ZECUSD	+0.0136%	1h	1,453.6	+0.055%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,452.6	−0.017%	$18.0M	$44.7M	25x	as long as short
Lighter ZEC	+0.0232%	1h	1,455.2	+0.161%	$19.1M	$46.8M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0275%	1h	1,453.5	+0.046%	$611K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,455.2	+0.166%	$711K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0360%	1h	1,455.4	+0.176%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,454	+0.081%	$832K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,454.2	+0.097%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0692%	1h	1,457.3	+0.310%	$45K	$49K	10x	as long as short