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 +0.016%

Price spread now: Phemex against OKX+0.076%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$460.456% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 4 days (all we have)+0.392%+$39 · spread now +0.076%, 7d avg +0.035%

Together, before fees+0.525%+$52 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: Phemex is 0.041% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZEC-USDT-SWAP	1,501.6	0.0100	pay 0.0100% / 8h	5h 06m	$186.8M	$1.26B	50x
Short	Phemex ZECUSDT	1,502.7	0.0100	get 0.0100% / 8h	5h 06m	$4.0M	$4.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against OKX. 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 OKXbpFee PhemexbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.035%: $4.1
Slippage, 4 orders: −$23.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$41.51
Costs to cover: 0.456%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; Phemex: live order book, 6 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 OKX live order book, 6 min ago	0.03 bp	5.9 bp −$6	9.0 bp −$90	20.1 bp −$2,014	doesn't fit
Sell Phemex live order book, 6 min ago	2.29 bp	19.0 bp −$19	33.2 bp −$332	doesn't fit	doesn't fit

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	−0.930%	$36K	$267K	12x	as long as short
Aftermath Perps ZECUSD	−0.0277%	1h	1,504.7	+0.205%	$49K	$74K	10x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,502.9	+0.088%	$31.8M	$72.2M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0123%	1h	1,505.6	+0.266%	$408K	$498K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.1	+0.101%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,502.8	+0.083%	$414K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,503.3	+0.112%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,503.5	+0.125%	$63K	$298K	10x	as long as short
ApeX Omni ZECUSDT	+0.0002%	1h	1,504.7	+0.208%	$412K	$951K	50x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,501.8	+0.015%	$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	1,503.9	+0.155%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0032%	1h	1,503.5	+0.125%	$894K	$1.3M	10x	as long as short
Phoenix ZEC	+0.0060%	1h	1,505.6	+0.266%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0061%	8h	1,502.2	+0.042%	$303K	$715K	20x	as long as short
Aster ZECUSDT	+0.0085%	8h	1,502.2	+0.038%	$14.4M	$26.0M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,503.3	+0.116%	$19.9M	$39.9M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,503.3	+0.112%	$2.1M	$7.2M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,503.1	+0.101%	$170K	$1.3M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,503.4	+0.122%	$27K	$859K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,502.9	+0.085%	$18.6M	$45.4M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,503.3	+0.116%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,503.1	+0.099%	$3.1M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,502.6	+0.067%	$792.7M	$420.7M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,503.3	+0.111%	$1.6M	$2.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,502.2	+0.041%	$703.6M	$2.13B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,501.3	−0.018%	$274.7M	$578.9M	75x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0100%	8h	1,501.6	long leg	$186.8M	$1.26B	50x
Arcus ZEC-USD	+0.0100%	1h	1,504	+0.163%	$598K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,506.6	+0.330%	$780K	$182K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,501.9	+0.022%	$64.1M	$175.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,502.1	+0.034%	$179.8M	$844.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,502.2	+0.039%	$105.7M	$51.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,501.8	+0.013%	$164.0M	$270.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,502.3	+0.046%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,502.3	+0.044%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,505.7	+0.271%	$49.6M	$33.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,504.8	+0.211%	$550K	$8.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,506.8	+0.345%	$3.1M	$635K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,503.5	+0.128%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,502.4	+0.053%	$368K	$1.4M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,502.5	+0.062%	$168K	$189K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,503.9	+0.156%	$393K	$492K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,504.7	+0.203%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,502.3	+0.047%	$257K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,501.2	−0.025%	$2.7M	$20.0M	75x	as long as short
Phemex ZECUSDTshort	+0.0100%	8h	1,502.7	+0.076%	$4.0M	$4.7M	50x
Extended ZEC-USD	+0.0104%	1h	1,502.2	+0.041%	$2.7M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,502.1	+0.030%	$37K	$163K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0132%	1h	1,502.9	+0.089%	$693K	$1.3M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0199% / S −0.0218%	1h	1,502.5	+0.060%	$349K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,504.4	+0.189%	$3.9M	$9.2M	50x	as long as short