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 MEXC−0.027%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$120.121% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.027%, 7d avg −0.006%

Together, before fees−0.008%−$1 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 0.021% cheaper against MEXC than usual: you would sell low and buy high, −$2 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	MEXC ZEC_USDT	1,495.5	0.0100	pay 0.0100% / 8h	1h 19m	$248.5M	$790.3M	150x
Short	OKX ZEC-USDT-SWAP	1,495.1	0.0100	get 0.0100% / 8h	1h 19m	$182.7M	$1.33B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against MEXC. 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 MEXCbpFee OKXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.006%: −$2.12
Slippage, 4 orders: −$2.13
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$14.25
Costs to cover: 0.121%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.03 bp	0.3 bp $0	0.4 bp −$4	19.8 bp −$1,984	69.3 bp −$34.7K
Sell OKX live order book, 5 min ago	0.03 bp	5.1 bp −$5	9.2 bp −$92	19.1 bp −$1,909	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	1,461.9	−2.249%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,495.1	−0.032%	$62K	$303K	10x	as long as short
BloFin ZEC-USDT	−0.0158%	8h	1,495.9	+0.023%	$30.6M	$74.9M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,496.4	+0.061%	$18.2M	$46.6M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,496.8	+0.088%	$6K	$1K	10x	as long as short
Bulk ZEC-USD	−0.0051%	1h	1,487.2	−0.560%	$898K	$9K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,496.4	+0.055%	$416K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,492.9	−0.173%	$1.6M	$4.6M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,487.2	−0.557%	$5.3M	—	150x	as long as short
Aftermath Perps ZECUSD	+0.0076%	1h	1,485.9	−0.645%	$47K	$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	+0.0078%	8h	1,496.3	+0.053%	$301K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,496.9	+0.091%	$169K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,495.9	+0.025%	$12K	$876K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,496.8	+0.086%	$2.7M	$7.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,495.3	−0.015%	$14.0M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,496.5	+0.063%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,496	+0.031%	$697.1M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,495.2	−0.023%	$267.6M	$633.5M	75x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0100%	8h	1,495.1	−0.027%	$182.7M	$1.33B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,484.2	−0.758%	$406K	$512K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,495.6	+0.007%	$55.0M	$184.4M	75x	as long as short
MEXC ZEC_USDTlong	+0.0100%	8h	1,495.5	long leg	$248.5M	$790.3M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,496.2	+0.042%	$103.0M	$57.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,495.4	−0.009%	$161.0M	$289.2M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,495.3	−0.016%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,485.5	−0.668%	$48.4M	$34.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,485.6	−0.666%	$570K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,487.2	−0.556%	$3.0M	$511K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,488.1	−0.495%	$410K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,487.4	−0.547%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,497.1	+0.105%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,496.8	+0.082%	$164K	$184K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,499	+0.232%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,495.8	+0.015%	$255K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,496.6	+0.072%	$2.7M	$20.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,496.5	+0.062%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,496.7	+0.081%	$62K	$43K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,496.5	+0.063%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,496.5	+0.066%	$43K	$152K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,496.7	+0.080%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,496.6	+0.071%	$937K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,487.9	−0.508%	$4.7M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0151% / S −0.0165%	1h	1,496.9	+0.089%	$485K	—	100x	as long as short
Backpack ZEC_USDC_PERP	+0.0166%	1h	1,497	+0.097%	$2.4M	$3.9M	15x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,497	+0.096%	$632K	$8.7M	10x	as long as short
Hyperliquid ZEC	+0.0223%	1h	1,496.5	+0.065%	$777.7M	$443.1M	10x	as long as short
Lighter RH ZEC	+0.0248%	1h	1,497.5	+0.130%	$2.1M	$7.4M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0270%	1h	1,497.6	+0.138%	$684K	$1.4M	25x	as long as short
Lighter ZEC	+0.0304%	1h	1,497.2	+0.113%	$19.8M	$46.0M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,498.3	+0.185%	$3.7M	$10.1M	50x	as long as short