Funding arb · Price arb /

ZEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.012%

Price spread now: Gate against Aevo+0.214%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$680.682% of the position

Long on Aevo Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 4 days (all we have)−0.389%−$39 · spread now +0.214%, 7d avg −0.007%

Together, before fees−0.571%−$57 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: Gate is 0.221% dearer against Aevo than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZEC-PERP	1,504.7	0.0104	pay 0.0013% / 1h	14m 43s	$43K	$151K	20x
Short	Gate ZEC_USDT	1,507.9	0.0100	get 0.0100% / 8h	14m 43s	$58.7M	$187.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aevo. 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 AevobpFee GatebpOrdersPrice spread, now +0.214%Rate

Funding earned: −$0.84
Price spread: +0.214% → −0.007%: $22.08
Slippage, 4 orders: −$37.16
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.92
Costs to cover: 0.682%
Break-even: never at this rate

Slippage from Aevo: live order book, 24 min ago; Gate: live order book, 4 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 Aevo live order book, 24 min ago	6.99 bp	16.7 bp −$17	23.9 bp −$239	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.03 bp	10.5 bp −$11	14.9 bp −$149	31.6 bp −$3,161	56.1 bp −$28.1K

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	−0.3442%	1h	1,479.6	−1.668%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,504.4	−0.017%	$62K	$303K	10x	as long as short
BloFin ZEC-USDT	−0.0171%	8h	1,509	+0.284%	$31.1M	$76.4M	75x	as long as short
Bulk ZEC-USD	−0.0108%	1h	1,495.7	−0.596%	$810K	$100K	10x	as long as short
Aftermath Perps ZECUSD	−0.0083%	1h	1,500.7	−0.265%	$48K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,505.2	+0.034%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,507.3	+0.177%	$419K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,511.3	+0.441%	$1.5M	$4.4M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,506.1	+0.091%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,507.9	+0.211%	$18.1M	$47.2M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZEC-USD.P	+0.0063%	1h	1,507.4	+0.181%	$411K	$559K	5x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,504.1	−0.038%	$8K	$6K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,505.6	+0.059%	$303K	$864K	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,505.9	+0.078%	$4.8M	$1.4M	10x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,509.3	+0.308%	$2.1M	$7.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,505.1	+0.026%	$179K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,508.3	+0.243%	$14K	$891K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,508	+0.218%	$62K	$20K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,505.7	+0.069%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,508.3	+0.240%	$789.6M	$441.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,507.4	+0.183%	$14.1M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,508.2	+0.237%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,508	+0.220%	$705.5M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,507.6	+0.197%	$270.6M	$620.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,508.2	+0.231%	$183.6M	$1.36B	50x	as long as short
Gate ZEC_USDTshort	+0.0100%	8h	1,507.9	+0.214%	$58.7M	$187.2M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,508.2	+0.233%	$239.8M	$806.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,507.8	+0.207%	$103.6M	$56.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,508.2	+0.234%	$163.0M	$289.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,507.4	+0.182%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.9	−0.183%	$49.1M	$34.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,504.6	−0.006%	$576K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503.1	−0.108%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.4	−0.021%	$414K	$946K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,504.8	+0.007%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,505.6	+0.061%	$361K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,505.9	+0.080%	$170K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,502.7	−0.131%	$459K	$469K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,507.1	+0.163%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,507.4	+0.183%	$255K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,507.8	+0.206%	$2.7M	$20.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,509.5	+0.319%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,508.2	+0.232%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERPlong	+0.0104%	1h	1,504.7	long leg	$43K	$151K	20x
RISEx ZEC/USDC	+0.0128%	1h	1,508.4	+0.249%	$950K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0147% / S −0.0144%	1h	1,506	+0.088%	$335K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0154%	1h	1,507.6	+0.196%	$688K	$1.4M	25x	as long as short
Lighter ZEC	+0.0208%	1h	1,508.6	+0.263%	$19.9M	$46.4M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,508.6	+0.258%	$608K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,508.7	+0.268%	$3.7M	$9.6M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0497%	1h	1,509.1	+0.294%	$2.4M	$3.8M	15x	as long as short