data as of
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Price arb /

ZEC

all ZEC markets
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After costs, if the gap returns to its 7d average, $10k−$54
spread now−0.052%7d average−0.068%fees + slippage, in and out−$56spread needed0.559%
Long on PhoenixShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix ZEC1,516.90.0003pay 0.0000% / 1h45m 30s$5.0M$1.4M10x
ShortPhemex ZECUSDT1,516.10.0100get 0.0100% / 8h45m 30s$4.0M$6.2M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$5.21
Funding while held
$2.91
Slippage, 4 orders
−$36.9
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$58.2
Spread needed to break even
0.559%
Slippage from Phoenix: live order book, 5 min ago; Phemex: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
+0.0097%
Per $10,000 a day
+$2.91
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 5 min ago1.84 bp6.7 bp −$715.6 bp −$156132.3 bp −$13.2Kdoesn't fit
Sell Phemex live order book, 5 min ago4.83 bp24.8 bp −$2529.0 bp −$290doesn't fitdoesn't fit

ZEC price on every exchange

against the cheapest. Click to use as the short leg.
Bybit1,510.5cheapestOKX1,511.2+0.050%Katana Perps1,511.4+0.064%Binance1,511.6+0.074%Popdex1,511.7+0.079%MEXC1,511.7+0.081%Bitget1,511.8+0.087%Perpl1,511.8+0.087%Gate1,511.8+0.088%BingX1,512.1+0.105%Nado1,512.1+0.107%Polymarket Perps1,512.1+0.107%Paradex1,512.2+0.117%01 Exchange1,512.4+0.127%RISEx1,512.6+0.139%Extended1,512.8+0.152%Hyperliquid1,513+0.167%Aster1,513.6+0.207%Arcus1,514+0.234%KuCoin1,514.1+0.241%Variational Omni1,514.2+0.244%Pacifica1,514.7+0.278%dYdX1,514.8+0.287%Derive1,515.1+0.308%SoDEX1,515.2+0.314%Kalshi1,515.3+0.317%Lighter1,515.3+0.318%Bulk1,515.3+0.319%Backpack1,515.3+0.319%Aevo1,515.4+0.323%Bullet1,515.6+0.342%StandX1,515.9+0.356%Orderly1,516+0.362%Lighter RH1,516+0.364%HTX1,516+0.367%Hotstuff1,516.1+0.370%
Phemex1,516.1+0.372%
gTrade (Gains Network)1,516.2+0.380%GMX1,516.2+0.380%Kraken Futures1,516.2+0.381%Deribit1,516.3+0.383%
Phoenix1,516.9+0.424%
Coinbase International1,516.9+0.428%ApeX Omni1,517.8+0.484%SunX1,517.9+0.492%BloFin1,518+0.495%Injective1,518+0.499%Aftermath Perps1,519.4+0.593%Ondo Perps1,520.5+0.663%edgeX1,520.6+0.667%

ZEC on 50 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ZECUSDT−0.423%+0.0044%8h$297.3M$752.1M75xas long as short
OKX ZEC-USDT-SWAP−0.373%−0.0001%8h$188.7M$1.64B50xas long as short
Katana Perps ZEC-USD−0.359%+0.0094%8h$21K$1.2M10xas long as short
Binance ZECUSDT−0.349%+0.0003%8h$709.0M$2.82B75xas long as short
Popdex ZECUSDT−0.344%+0.0096%1h$190K$2.1M50xas long as short
MEXC ZEC_USDT−0.341%+0.0003%8h$209.6M$980.3M150xas long as short
Bitget ZECUSDT−0.336%−0.0025%8h$168.9M$321.5M75xas long as short
Perpl ZEC−0.336%0.0000%43m$82K$486K10xas long as short
Gate ZEC_USDT−0.335%+0.0038%8h$52.6M$215.0M75xas long as short
BingX ZEC-USDT−0.318%+0.0053%8h—$112.0M—as long as short
Show all 50 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado ZEC-PERP−0.316%+0.0100%1h$3.1M$7.8M10xas long as short
Polymarket Perps ZEC-USD−0.316%+0.0100%1h$341K$3.4M10xas long as short
Paradex ZEC-USD-PERP−0.306%+0.0097%8h$62K$38K10xas long as short
01 Exchange ZECUSD−0.296%−0.0024%1h$9K$13K5xas long as short
RISEx ZEC/USDC−0.284%+0.0093%1h$857K$2.8M10xas long as short
Extended ZEC-USD−0.271%+0.0200%1h$3.4M$4.6M10xas long as short
Hyperliquid ZEC−0.256%+0.0100%1h$819.9M$658.1M10xas long as short
Aster ZECUSDT−0.217%−0.0023%8h$14.8M$36.6M75xas long as short
Arcus ZEC-USD−0.189%+0.0100%1h$639K$5.6M10xas long as short
KuCoin ZECUSDTM−0.183%+0.0100%8h$105.3M$70.0M75xas long as short
Variational Omni ZEC−0.179%+0.0098%8h$50.1M$33.1M—as long as short
Pacifica ZEC−0.146%+0.0100%1h$1.7M$3.7M10xas long as short
dYdX ZEC-USD−0.137%0.0000%1h$426K$116K5xas long as short
Derive ZEC-PERP−0.115%+0.0100%1h$500K$245K6.7xas long as short
SoDEX ZEC-USD−0.109%+0.0100%1h$228K$5.5M10xas long as short
Kalshi KXZECPERP−0.107%0.0000%8h$980K$6.0M2.2xas long as short
Lighter ZEC−0.105%+0.0096%1h$20.5M$58.0M20xas long as short
Bulk ZEC-USD−0.105%+0.0100%1h$918K$45K10xas long as short
Backpack ZEC_USDC_PERP−0.105%+0.0100%1h$2.3M$3.3M15xas long as short
Aevo ZEC-PERP−0.101%+0.0080%1h$40K$362K20xas long as short
Bullet ZEC-USD−0.082%−0.0038%1h$52K$116K20xas long as short
StandX ZEC-USD−0.068%+0.0100%1h$69K$2.4M30xas long as short
Orderly PERP_ZEC_USDC−0.062%−0.0015%8h$273K$1.7M20xas long as short
Lighter RH ZEC−0.060%+0.0096%1h$1.7M$7.9M10xas long as short
HTX ZEC-USDT−0.057%+0.0100%8h$2.7M$30.9M75xas long as short
Hotstuff ZEC-PERP−0.054%−0.0080%1h$6K$2K10xas long as short
Phemex ZECUSDTshort−0.052%+0.0100%8h$4.0M$6.2M50x
gTrade (Gains Network) ZEC/USD−0.044%L +0.0007% / S −0.0006%1h$5.3M—150xas long as short
GMX ZEC/USD [WBTC.b-USDC]−0.044%L +0.0189% / S −0.0195%1h$364K—100xas long as short
Kraken Futures PF_ZECUSD−0.043%+0.0170%1h$19.0M$42.1M25xas long as short
Deribit ZEC_USDC-PERPETUAL−0.041%0.0000%1h$579K$790K25xas long as short
Phoenix ZEClong0.000%+0.0003%1h$5.0M$1.4M10x
Coinbase International ZEC-PERP-INTX+0.003%+0.0208%1h$3.8M$13.6M50xas long as short
ApeX Omni ZECUSDT+0.059%−0.0238%1h$1.0M$343K50xas long as short
SunX ZEC-USDT+0.067%+0.0100%8h$3K$1.3M20xas long as short
BloFin ZEC-USDT+0.070%−0.0116%8h$31.9M$79.2M75xas long as short
Injective ZEC/USDC PERP+0.074%−0.5000%1h$35K$72K12xas long as short
Aftermath Perps ZECUSD+0.168%+0.0495%1h$41K$19K10xas long as short
Ondo Perps ZEC-USD.P+0.238%+0.0100%1h$317K$686K5xas long as short
edgeX ZECUSDC+0.242%+0.0100%4h$512K$10.6M20xas long as short