Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0090%/8h= −9.8% APRpaid last 24h +0.007%

Price spread now: GMX against Aster+0.041%7-day average +0.053% · you sell dearer than you buy

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.066%−$7 on $10k

Price spread, last 3 days (all we have)+0.204%+$20 · spread now +0.041%, 7d avg +0.053%

Together, before fees+0.138%+ Points / potential airdropAster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZECUSDT	1,469.8	0.0100	pay 0.0100% / 8h	31m 46s	$15.0M	$32.7M	75x
Short	GMX ZEC/USD [WBTC.b-USDC]	1,470.4	L +0.0054% / S −0.0010%	get 0.0001% / 1h	31m 46s	$371K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$18.86
Price spread: +0.041% → +0.053%: −$1.17
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$40.03
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; GMX: no order-book sample. 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 Aster live order book, 2 min ago	0.03 bp	6.8 bp −$7	8.3 bp −$83	19.8 bp −$1,980	87.4 bp −$43.7K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.3089%	1h	1,474.7	+0.333%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0262%	1h	1,470.1	+0.020%	$399K	$516K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,470	+0.011%	$17.9M	$44.3M	25x	as long as short
Bybit ZECUSDT	−0.0110%	8h	1,469.1	−0.050%	$274.7M	$654.9M	75x	as long as short
BloFin ZEC-USDT	−0.0102%	8h	1,469.8	−0.003%	$29.6M	$75.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,469.9	+0.008%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0051%	8h	1,469.5	−0.022%	$47.0M	$33.7M	—	as long as short
ApeX Omni ZECUSDT	−0.0037%	1h	1,472.7	+0.199%	$432K	$832K	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,469.8	−0.003%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,469.8	+0.002%	$901K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,470.9	+0.074%	$84K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470.5	+0.044%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0012%	8h	1,470.1	+0.020%	$294K	$1.4M	20x	as long as short
01 Exchange ZECUSD	+0.0016%	1h	1,470.8	+0.068%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.2	+0.230%	$4.7M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0036%	8h	1,469.7	−0.010%	$180.6M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0044%	8h	1,469.7	−0.005%	$50.7M	$186.4M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]short	L +0.0054% / S −0.0010%	1h	1,470.4	+0.041%	$371K	—	100x
Deribit ZEC_USDC-PERPETUAL	+0.0065%	1h	1,471.1	+0.085%	$614K	$1.3M	25x	as long as short
Lighter ZEC	+0.0096%	1h	1,471.4	+0.108%	$19.1M	$52.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,470.5	+0.046%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,469.7	−0.010%	$13K	$834K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,470.2	+0.029%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470.7	+0.062%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,470.9	+0.073%	$762.3M	$474.0M	10x	as long as short
Aster ZECUSDTlong	+0.0100%	8h	1,469.8	long leg	$15.0M	$32.7M	75x
Pacifica ZEC	+0.0100%	1h	1,470.9	+0.076%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,469.7	−0.005%	$683.3M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,472.3	+0.167%	$721K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,473.1	+0.222%	$909K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,469.8	−0.004%	$231.6M	$837.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,470	+0.016%	$103.5M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,469.8	−0.001%	$162.8M	$302.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,469.7	−0.006%	—	$102.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.8	+0.134%	$514K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,471.6	+0.123%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.5	+0.046%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,470.4	+0.040%	$344K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,470.3	+0.036%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.6	−0.085%	$448K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472.7	+0.198%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.7	−0.007%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469.7	−0.009%	$2.5M	$23.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,470.4	+0.038%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470.2	+0.024%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,470.2	+0.027%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,471.3	+0.099%	$825K	$1.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0419%	1h	1,470.8	+0.064%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,472.3	+0.166%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0488%	1h	1,472.1	+0.154%	$2.0M	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0700%	1h	1,472	+0.149%	$46K	$47K	10x	as long as short