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 +0.036%

Price spread now: HTX against Bybit−0.246%53s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.313% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.284%−$28 on $10k

Price spread, last 4 days (all we have)+0.365%+$37 · spread now −0.246%, 7d avg −0.014%

Together, before fees+0.081%+$8 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: HTX is 0.232% cheaper against Bybit than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZECUSDT	1,496.9	0.0100	pay 0.0100% / 8h	1h 09m	$267.9M	$631.4M	75x
Short	HTX ZEC-USDT	1,493.2	0.0100	get 0.0100% / 8h	1h 09m	$2.7M	$20.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now −0.246%Rate

Funding earned: $0
Price spread: −0.246% → −0.014%: −$23.16
Slippage, 4 orders: −$8.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$54.48
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; HTX: 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 Bybit live order book, 5 min ago	0.03 bp	7.0 bp −$7	7.7 bp −$77	17.1 bp −$1,710	40.1 bp −$20.0K
Sell HTX live order book, 5 min ago	1.93 bp	7.9 bp −$8	17.1 bp −$171	40.7 bp −$4,070	doesn't fit

ZEC on 50 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	−0.3684%	1h	1,479.6	−1.154%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,493.1	−0.254%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0150%	8h	1,496.5	−0.022%	$30.5M	$75.1M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,492.8	−0.274%	$18.1M	$46.5M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,492.9	−0.267%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,494	−0.190%	$415K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,495.2	−0.109%	$1.5M	$4.6M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,493	−0.260%	$682K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,493.5	−0.224%	$5.3M	—	150x	as long as short
Aftermath Perps ZECUSD	+0.0025%	1h	1,495.5	−0.094%	$48K	$64K	10x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0080%	8h	1,496.9	0.000%	$301K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,496.5	−0.025%	$171K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,495.7	−0.079%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,495.1	−0.120%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,496.1	−0.048%	$3.1M	$7.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,496.1	−0.052%	$14.0M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,495.2	−0.114%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,497.2	+0.021%	$697.5M	$2.31B	75x	as long as short
Bybit ZECUSDTlong	+0.0100%	8h	1,496.9	long leg	$267.9M	$631.4M	75x
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,497.1	+0.013%	$182.6M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,496.3	−0.037%	$408K	$552K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.2	−0.175%	$903K	$7K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,497	+0.009%	$55.1M	$187.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,496.6	−0.019%	$242.2M	$798.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,496.1	−0.050%	$103.2M	$57.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,496.8	−0.007%	$161.0M	$289.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,497.2	+0.019%	—	$117.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,496.1	−0.050%	$48.9M	$34.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,496.9	−0.001%	$574K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,495.9	−0.067%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,496.3	−0.036%	$412K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,493.8	−0.202%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,496.6	−0.017%	$358K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,497	+0.009%	$164K	$184K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,495.8	−0.069%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,492.6	−0.287%	$254K	$3.6M	10x	as long as short
HTX ZEC-USDTshort	+0.0100%	8h	1,493.2	−0.246%	$2.7M	$20.3M	75x
Phemex ZECUSDT	+0.0100%	8h	1,493.3	−0.239%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,495.5	−0.090%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,496.7	−0.011%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,496.4	−0.031%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,496.1	−0.050%	$940K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,494.9	−0.129%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0135% / S −0.0129%	1h	1,493.5	−0.224%	$395K	—	100x	as long as short
Hyperliquid ZEC	+0.0145%	1h	1,497.3	+0.029%	$780.3M	$445.0M	10x	as long as short
Lighter RH ZEC	+0.0208%	1h	1,496.1	−0.051%	$2.1M	$7.5M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,496.6	−0.019%	$611K	$8.7M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0244%	1h	1,492.9	−0.265%	$2.3M	$3.9M	15x	as long as short
Lighter ZEC	+0.0272%	1h	1,495.7	−0.075%	$19.6M	$47.0M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,494.5	−0.158%	$3.7M	$10.1M	50x	as long as short