Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:05 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.015%

Price spread now: MEXC against Perpl+0.053%7-day average +0.032% · you sell dearer than you buy

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

Long on Perpl Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)−0.672%−$67 · spread now +0.053%, 7d avg +0.032%

Together, before fees−0.736%+ Points / potential airdropPerpl: Active · farm board−$74 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.020% dearer against Perpl than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.032%. Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl ZEC	1,459.6	0	get 0.0000% / 43m	31m 12s	$83K	$240K	10x
Short	MEXC ZEC_USDT	1,460.3	0.0100	get 0.0100% / 8h	4h 17m	$215.1M	$773.9M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Perpl. 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 PerplbpFee MEXCbpOrdersPrice spread, now +0.053%Rate

Funding earned: $21
Price spread: +0.053% → +0.032%: $2.04
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee MEXC: 0 bp × 2 orders: $0
Net: $9.24
Costs to cover: 0.138%
Break-even: 3.9 days

Slippage unknown: Perpl: no order-book sample; MEXC: live order book, 2 min ago. 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 Perpl no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	0.03 bp	0.0 bp $0	5.8 bp −$58	52.6 bp −$5,263	83.4 bp −$41.7K

Perpl: 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	−0.3166%	1h	1,460.7	+0.080%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,459.6	+0.005%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,460.3	+0.048%	$29.5M	$71.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,459.7	+0.013%	$411K	$38K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,460.6	+0.069%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEClong	0.0000%	43m	1,459.6	long leg	$83K	$240K	10x
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,460.2	+0.043%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,460.1	+0.040%	$292K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0069% / S −0.0020%	1h	1,460.2	+0.042%	$410K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,460.2	+0.044%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,459.8	+0.019%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,460.2	+0.043%	$11K	$857K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,460	+0.032%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,460.4	+0.057%	$2.8M	$6.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,461.6	+0.139%	$759.8M	$431.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,460.4	+0.056%	$14.5M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,460.3	+0.050%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,460.3	+0.053%	$671.2M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,459.7	+0.012%	$262.1M	$602.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,460.2	+0.042%	$178.2M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,458.4	−0.079%	$397K	$442K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.2	−0.160%	$880K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,460.1	+0.036%	$50.6M	$174.9M	75x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,460.3	+0.053%	$215.1M	$773.9M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,460.5	+0.064%	$103.0M	$54.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,460.5	+0.062%	$166.1M	$271.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,459.9	+0.026%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,460.3	+0.051%	$47.9M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.7	+0.149%	$569K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,460.6	+0.069%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.9	+0.164%	$405K	$939K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,459	−0.040%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,459.8	+0.017%	$365K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,460	+0.033%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,459.2	−0.021%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,462.5	+0.202%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,460.3	+0.053%	$234K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,457.9	−0.115%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,460	+0.027%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,460.2	+0.046%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,460.1	+0.036%	$47K	$151K	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0122%	1h	1,461.2	+0.110%	$2.4M	$3.8M	15x	as long as short
Phoenix ZEC	+0.0123%	1h	1,460.1	+0.037%	$4.6M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0156%	1h	1,461	+0.098%	$617K	$1.3M	25x	as long as short
Lighter ZEC	+0.0264%	1h	1,461.6	+0.138%	$19.2M	$46.0M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0276%	1h	1,460.1	+0.036%	$18.1M	$45.0M	25x	as long as short
Lighter RH ZEC	+0.0384%	1h	1,461.7	+0.150%	$2.1M	$7.0M	10x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,460	+0.032%	$924K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,462	+0.167%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,460.9	+0.095%	$683K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0682%	1h	1,461	+0.097%	$45K	$49K	10x	as long as short