Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: MEXC against Bybit+0.047%7-day average +0.006% · 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−$11as in the Price arb table

costs, in and out, $10k−$150.155% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.047%, 7d avg +0.006%

Together, before fees−0.184%−$18 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 0.040% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZECUSDT	1,502.8	0.0100	pay 0.0100% / 8h	5h 07m	$275.0M	$578.8M	75x
Short	MEXC ZEC_USDT	1,503.5	0.0100	get 0.0100% / 8h	5h 07m	$180.1M	$844.3M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.006%: $4.04
Slippage, 4 orders: −$4.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$11.42
Costs to cover: 0.155%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 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 Bybit live order book, 5 min ago	0.03 bp	7.1 bp −$7	9.6 bp −$96	19.1 bp −$1,910	doesn't fit
Sell MEXC live order book, 5 min ago	0.67 bp	0.8 bp −$1	5.1 bp −$51	29.4 bp −$2,935	77.6 bp −$38.8K

ZEC on 51 exchanges

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	−0.4130%	1h	1,487.6	−1.007%	$36K	$267K	12x	as long as short
Aftermath Perps ZECUSD	−0.0274%	1h	1,505.4	+0.174%	$49K	$74K	10x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,505.6	+0.188%	$31.8M	$72.6M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0125%	1h	1,505.6	+0.188%	$408K	$498K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.1	+0.023%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,505.6	+0.186%	$415K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,508.3	+0.364%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,503.5	+0.047%	$63K	$298K	10x	as long as short
ApeX Omni ZECUSDT	+0.0002%	1h	1,504.7	+0.130%	$412K	$951K	50x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,505.2	+0.161%	$5.3M	—	150x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0032%	1h	1,504.1	+0.088%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0032%	1h	1,504	+0.084%	$894K	$1.3M	10x	as long as short
Phoenix ZEC	+0.0060%	1h	1,505.6	+0.188%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0061%	8h	1,504.9	+0.138%	$304K	$715K	20x	as long as short
Aster ZECUSDT	+0.0086%	8h	1,503.5	+0.050%	$14.3M	$25.9M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,505.4	+0.175%	$19.9M	$39.9M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,505.7	+0.192%	$2.1M	$7.2M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,503.8	+0.069%	$169K	$1.3M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,503.6	+0.053%	$27K	$859K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,505.5	+0.179%	$18.6M	$45.4M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,504.1	+0.087%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,504.5	+0.116%	$3.1M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,504.1	+0.088%	$793.4M	$420.6M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,504.5	+0.112%	$1.6M	$2.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,503.4	+0.044%	$704.2M	$2.13B	75x	as long as short
Bybit ZECUSDTlong	+0.0100%	8h	1,502.8	long leg	$275.0M	$578.8M	75x
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,503.1	+0.019%	$187.0M	$1.26B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,505.1	+0.152%	$594K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,506.6	+0.251%	$780K	$182K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,504.1	+0.090%	$64.2M	$175.4M	75x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,503.5	+0.047%	$180.1M	$844.3M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,504.2	+0.093%	$105.9M	$51.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,503.3	+0.034%	$164.2M	$271.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,503.5	+0.047%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,505.4	+0.173%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,505.7	+0.192%	$49.6M	$33.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,504.8	+0.132%	$550K	$8.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,506.8	+0.266%	$3.1M	$635K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,505.8	+0.202%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,503.1	+0.021%	$368K	$1.4M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,503.1	+0.018%	$168K	$189K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,503.9	+0.078%	$393K	$492K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,507.3	+0.301%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,505.1	+0.154%	$258K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,504.5	+0.113%	$2.7M	$20.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,505.8	+0.201%	$4.0M	$4.7M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,504	+0.084%	$2.7M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,504.6	+0.122%	$37K	$163K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0123%	1h	1,505.7	+0.196%	$695K	$1.3M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0216%	1h	1,504.9	+0.141%	$349K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,507.5	+0.315%	$3.9M	$9.3M	50x	as long as short