Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.009%

Price spread now: 01 Exchange against BingX+0.060%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.060% dearer against BingX than usual: you sell high and buy low (spread +0.060% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEC-USDC	1,470.6	0.0100	pay 0.0100% / 8h	26m 09s	—	$6.7M	—
Short	01 Exchange ZECUSD	1,471.5	0.0016	get 0.0002% / 1h	26m 09s	$8K	$8K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.060%Rate

Funding earned: −$17.64
Price spread: +0.060% → 0.000%: $5.98
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$28.66
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 11 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 11 min ago	0.44 bp	9.0 bp −$9	14.9 bp −$149	33.4 bp −$3,342	81.3 bp −$40.6K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3089%	1h	1,471.6	+0.065%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0261%	1h	1,468.3	−0.158%	$399K	$515K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,471.2	+0.036%	$17.9M	$44.3M	25x	as long as short
Bybit ZECUSDT	−0.0115%	8h	1,469.2	−0.098%	$274.8M	$653.2M	75x	as long as short
BloFin ZEC-USDT	−0.0102%	8h	1,472.2	+0.106%	$29.8M	$75.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.6	+0.135%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0060%	8h	1,471.8	+0.077%	$46.8M	$33.9M	—	as long as short
ApeX Omni ZECUSDT	−0.0006%	1h	1,470.3	−0.025%	$431K	$842K	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.1	+0.168%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.5	+0.129%	$903K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,471.6	+0.067%	$84K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,471.4	+0.054%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0013%	8h	1,471.2	+0.037%	$295K	$1.4M	20x	as long as short
01 Exchange ZECUSDshort	+0.0016%	1h	1,471.5	+0.060%	$8K	$8K	5x
Phoenix ZEC	+0.0024%	1h	1,470.8	+0.011%	$4.6M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0037%	8h	1,469.7	−0.063%	$180.7M	$1.34B	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0042%	1h	1,472.1	+0.098%	$614K	$1.3M	25x	as long as short
Gate ZEC_USDT	+0.0045%	8h	1,470.5	−0.007%	$50.8M	$186.6M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,471.4	+0.054%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,472.2	+0.107%	$19.2M	$52.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,471.1	+0.030%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,470.2	−0.031%	$13K	$834K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.4	+0.117%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,471.8	+0.080%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,471.3	+0.046%	$762.7M	$474.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,470.9	+0.015%	$15.0M	$32.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,473.3	+0.178%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,469.6	−0.073%	$683.6M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,473.1	+0.165%	$702K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,469.8	−0.059%	$894K	$39K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,470.5	−0.008%	$232.0M	$838.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,470.9	+0.016%	$103.6M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470.4	−0.018%	$162.9M	$301.4M	75x	as long as short
BingX ZEC-USDClong	+0.0100%	8h	1,470.6	long leg	—	$6.7M	—
edgeX ZECUSDC	+0.0100%	4h	1,470.6	−0.003%	$513K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,470.2	−0.032%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.2	−0.029%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471	+0.025%	$344K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,471	+0.023%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,469.7	−0.065%	$448K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,473.3	+0.181%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,471.1	+0.030%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471	+0.025%	$2.5M	$23.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,471.8	+0.081%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,471.5	+0.059%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.5	+0.060%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,472	+0.091%	$825K	$1.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0419%	1h	1,471.2	+0.039%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,474.9	+0.290%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0456%	1h	1,473.4	+0.188%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0722%	1h	1,472.4	+0.119%	$46K	$47K	10x	as long as short