Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h −0.056%

Price spread now: Gate against Arcus−0.029%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.130%−$13 on $10k

Price spread, last 7 days−0.034%−$3 · spread now −0.029%, 7d avg −0.044%

Together, before fees−0.164%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ZEC-USD	1,495.3	0.0221	pay 0.0028% / 1h	3m 45s	$611K	$8.7M	10x
Short	Gate ZEC_USDT	1,494.9	0.0100	get 0.0100% / 8h	1h 03m	$55.2M	$187.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now −0.029%Rate

Funding earned: −$25.35
Price spread: −0.029% → −0.044%: $1.52
Slippage, 4 orders: −$13.03
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$56.36
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Arcus: live order book, just now; Gate: 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 Arcus live order book, just now	0.00 bp	6.6 bp −$7	11.0 bp −$110	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.57 bp	10.4 bp −$10	15.3 bp −$153	32.8 bp −$3,282	55.5 bp −$27.8K

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	−0.3684%	1h	1,479.6	−1.053%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,493.9	−0.098%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0143%	8h	1,494.8	−0.035%	$30.9M	$75.1M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,494.2	−0.078%	$18.1M	$46.6M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,496	+0.041%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0004%	1h	1,495.2	−0.009%	$48K	$64K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,495	−0.024%	$415K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,495.8	+0.031%	$1.5M	$4.7M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,494.4	−0.065%	$682K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,494.4	−0.062%	$5.3M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0080%	8h	1,493.7	−0.110%	$301K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,494.5	−0.056%	$171K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,494.5	−0.055%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,494.6	−0.051%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,495.9	+0.041%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,495.6	+0.018%	$780.9M	$446.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,494	−0.088%	$13.9M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,495	−0.023%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,494.7	−0.045%	$696.7M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,493.6	−0.119%	$267.6M	$630.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,494.5	−0.056%	$182.4M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,494.1	−0.082%	$408K	$554K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.2	−0.073%	$903K	$7K	10x	as long as short
Gate ZEC_USDTshort	+0.0100%	8h	1,494.9	−0.029%	$55.2M	$187.3M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,494.2	−0.078%	$242.6M	$799.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,494.7	−0.040%	$102.9M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,495.1	−0.017%	$160.8M	$289.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,495.1	−0.014%	—	$117.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,495.2	−0.011%	$48.9M	$34.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,495.1	−0.014%	$573K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,494.7	−0.040%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,496.3	+0.067%	$412K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,495.3	−0.004%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,493.9	−0.096%	$358K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,494.2	−0.078%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.1	−0.151%	$456K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,496.2	+0.056%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,493.9	−0.094%	$254K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,496.2	+0.059%	$2.7M	$20.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,495.1	−0.014%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,495	−0.022%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,494.1	−0.079%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,494.9	−0.030%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,494.7	−0.042%	$939K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,496.6	+0.084%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0137% / S −0.0132%	1h	1,494.5	−0.058%	$393K	—	100x	as long as short
Lighter RH ZEC	+0.0184%	1h	1,496.4	+0.069%	$2.1M	$7.5M	10x	as long as short
Arcus ZEC-USDlong	+0.0221%	1h	1,495.3	long leg	$611K	$8.7M	10x
Lighter ZEC	+0.0256%	1h	1,496.4	+0.075%	$19.6M	$47.1M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0260%	1h	1,495.8	+0.029%	$2.3M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,495.8	+0.028%	$3.7M	$10.1M	50x	as long as short